Looks like the ICE will be releasing an oil contract based off of the West Texas Intermediate petrol. I wonder if this electronic oil future will have any impact against the NYMEX Light Sweet Crude contract. Any ideas?
One can only hope! It will all be a matter of volume. No volume - no market. What's it been - about a year - and the full size electronic gold contract is only about 1/10th the volume of the pit contract. At least, even at 1/10th the bid/ask spread is close enough to make it worth trading. Not yet there on the 5,000 oz SI. The volume on the emini QM is sufficient for us small traders pumping a hand full at a time. The fact is, the big plungers really want a person handling their size. The e-boards still have erratic swings when automatic stops start cascading - can't blame them. So, slowly but surely things will all go electronic - if we can just live long enough.