er2 is around 300K a day. Hard to gauge TF since volume is increasing very fast. Just a few months ago, TF volume was less than 500 a day. Currently, the front month contract volume is +10K a day. Should really pick up late Aug/Sept. https://www.theice.com/marketdata/nybotreports/getMonthAndYearToDateVolumeReport.do https://www.theice.com/marketdata/nybotreports/getFuturesDailyMarketReportResults.do
That's not true. It's the S&P Small Cap 600 that correlates to the tune of 0.996 on price vs. the ER2. The CME is pushing the Small Cap 600 as the "replacement" contract. The Midcap 400 may move like the ER2, but it is not of the same composition.
See Futures Magazine - June edition. This is a huge test of the ICE platform. If they screw this up, it will be bad news for ICE. If that happens, everyone will go back to the CME Globex platform and trade the S&P Small Cap 600 index contract as the replacement.
If that happens, everyone will go back to the CME Globex platform and trade the S&P Small Cap 600 index contract as the replacement. What is the CME ticker for S&P Small Cap 600 index contract? Thanks.
http://www.cmegroup.com/trading/equity-index/us-index/e-mini-sandp-smallcap-600_FO.html SMC is the ticker symbol.
Friday's volume in the S&P Small Cap 600 was 535. No, that's not in thousands. All the data's on the CME website.
CME should be pushing the Mid Cap 400 instead of the Small Cap 600. It already has a lot more volume. Friday had about a 13 pt range vs. about a 7.5 range on SMC. I have no idea what the avg range is for either contract though.
Agreed. I decided to trade the 600 as a multi week trade, as volume is so thin. I hope it picks up as my er2 system is working well on it.
Why don't you guys just change to TF. What is the tocker symbol for TF in IB/TWS? Is TF future or stock? Thanks.