Index futures Roll Over and resumed trading

Discussion in 'Index Futures' started by elon, Sep 14, 2001.

  1. elon

    elon

    September 11 was a day of shock and sadness for people around the world. We offer our deepest condolences to all the victims' families and friends.

    Chicago Mercantile Exchange (Nasdaq, SP) and Chicago Board of Trade (Dow futures) will resume trading in U.S. equity index
    products, coinciding with the expected date the NYSE reopens. This includes
    all GLOBEX products. These markets will open at 8:30am CST Monday Morning.

    Both the CME and the CBOT have deferred rollover from September to December until 1 day AFTER equities have re-opened.

    We are anticipating that most Clearing firms will probably require 100% margin even from daytraders. We wont be surprised if the Exchanges themselves will increase the margin requirements as a result of the expected volatility.

    I will try to update this forum before the start on Monday but it may get hectic.

    As a person, I have never experienced a tragedy like our nation has this past week. As a broker I can not really have an event to measure or predict market behavior against. However, trading in this ennviroment will be significantly riskier and perhaps difficult.

    regards,

    www.E-Mini.com