We use the SPX in our institutional hedging, as well as a eRMM in SPX. Clearly, retail (read Day, if he could afford the margin) could benefit from the e-mini options though...
WE, I mean plural ( not a typo) have migrated to NDX and RUT. The charts on NDX are much better and the fills are great. RUT also works fine. You guys are CBOE have killed your goose. Less business, less revenue, less popularity, lessor or everything.
I have no desire to have any kind of symbiotic relationship with you. I just don't want to deal with you.
Less people are using SPX. I know WE ( a plural not a typo) have completely switched over to NDX for the same bang this month in September. Its a great product, great fills, you are in and out. Tight bid and asks, whats more do you want? Lots of liquidity.
How come we have record trading volume and record seat prices? "we" as in the cboe community, must be doing something right.
More outright wrong information, imagine that..... SPX has been setting volume records as recently as in the last month. So much for draining the moat. " The Chicago Board Options Exchange (CBOE), the largest options exchange in the U.S., announced the busiest trading day in its 34-year history occurred Thursday, August 16, 2007,..... In addition to the exchange records, a trio of Index and ETF options products established new single-day volume records on Thursday, August 16, 2007. Trading in options on the S&P 500 Index (SPX) crossed the two million mark for the first time ever with volume of 2,070,573 contracts, beating the previous record of 1,833,022 contracts on March 14, 2007..... " from: http://cboe.com/AboutCBOE/ShowDocument.aspx?DIR=ACNews&FILE=cboe_20070817.doc
CBOE employees shoring up the sinking raft? Wonderful. You guys should be delighted to know, most people who read this, nearly 14,500 views will freeze when the name SPX gets mentioned. Why would they trade SPX? I don't and anybody who does is insane to fall for those abusive business practices. Keep your product and shove it where the sun doesn't shine. Hope you all die in the green moat you built. There will be no takers for skeletons.