Euro-denominated E-mini S&P 500 Futures Launching Monday, October 27, 2008 U.S. large-cap equity exposure? Yes. Euro currency? Yes. In one trade? Yes. The contract, which will trade exclusively on the CME Globex electronic trading platform starting Monday, October 27, 2008, has a contract multiplier of 50 euros. More info: www.cmegroup.com/eurosp500
Interesting, thanks for the link. The only problem I see though is the currency risk exposure. Now that the dollar is strengthening vs the euro, wouldn't it be wise to trade the USD-denominated contract?
i'd trade it only if volume picks up, with 50 euros instead of 50 dollars its basically just 70x leverage instead of 50x, not much difference
interesting, thanks for the info. depending on the FX rate at the time, it would make sense to switch between the USD denominated contract and the EURO denominated contract.
http://finance.yahoo.com/currency/convert?amt=12.50&from=EUR&to=USD&submit=Convert Today's yahoo currency conversion brings us $15.85 a tick - I like the sound of that. Now if only volume would match ES.