When does the Russell 2000 move to ICE?

This is a discussion on When does the Russell 2000 move to ICE? within the Indices forums, part of the Markets category; Seems like very little interest in this thread and concern about what's going to happen......

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Old Jul 26, 2007, 2:54pm   #8
 
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Seems like very little interest in this thread and concern about what's going to happen...
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Old Jul 26, 2007, 3:22pm   #9
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SCFX started this thread Firewalker

i heard an undate about 30 mins ago. ER2 is moving to the ICE on Sept of this year, BUT it will also be still trded on teh CME until sept next year. This might help smooth the process but i'm not sure if this is a good or a bad thing.

I think u said that the CME will be offering a S%P 600 which might take the place of the Russell! We'll see what other prducts are offered to us. I too am also worried as my best system is traded on the ER2.

Cheers Charlie
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Old Jul 26, 2007, 4:38pm   #10
 
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Originally Posted by SCFX View Post
Firewalker

i heard an undate about 30 mins ago. ER2 is moving to the ICE on Sept of this year, BUT it will also be still trded on teh CME until sept next year. This might help smooth the process but i'm not sure if this is a good or a bad thing.

I think u said that the CME will be offering a S%P 600 which might take the place of the Russell! We'll see what other prducts are offered to us. I too am also worried as my best system is traded on the ER2.

Cheers Charlie
Thanks Charlie. You're right there will be a period where you'll be able to trade ER2 on different exchanges. However I wonder how they are going to make that work in sync... anyway as long as CME offers it I still have a year to think about it. I'll definitely keep an eye out for volume starting next month. I really wouldn't like to lose this instrument in my trading arsenal.
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Old Aug 30, 2007, 9:44pm   #11
 
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ER2 no longer on IB

Just got a message saying that starting tomorrow the ER2 contract will no longer be traded

I am aware of the change to ICE but I thought CME was going to trade it until September next year?!
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Old May 6, 2008, 8:46pm   #12
 
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Any update on ER2 moving to ICE.
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Old May 6, 2008, 8:52pm   #13
 
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Originally Posted by millionaire7 View Post
Any update on ER2 moving to ICE.
I got this from the CME:

============================

As previously announced, CME Group will no longer list Russell 2000 and E-mini Russell 2000 contracts as of the September 19, 2008 quarterly expiration as the result of a licensing decision made by the index provider, Russell Investment Group.

To help facilitate an orderly de-listing of these contracts, we will not list July 2008 and August 2008 serial month options on Russell 2000 and E-mini Russell 2000 futures.

Currently we list April, May, June and September 2008 contracts for Russell 2000 and E-mini Russell 2000 options. To maintain the integrity of these contracts, we will continue to add new strikes in accordance with current Exchange Rules.
Since last summer we have been working proactively with our customers who want or need to transition Russell 2000 open interest. Steps we’ve taken include offering:

• Fee waivers on our S&P SmallCap 600 and S&P MidCap 400 products
• Aggressive market maker incentive programs to help build liquidity in the
E-mini S&P SmallCap 600 and E-mini S&P MidCap 400 products.
• Intercommodity spread tools to help transition open interest
• Options on E-mini S&P MidCap 400 futures
• Free quotes on E-mini S&P MidCap 400 and E-mini S&P SmallCap 600 futures
so you can see the markets in action
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Old May 7, 2008, 4:36pm   #14
 
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Thanks for the info,
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