When does the Russell 2000 move to ICE?

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Old Jul 17, 2007, 1:39pm   #1
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Default When does the Russell 2000 move to ICE?

Hello,

does anyone know when the Russell 2000 CME is moving to ICE? Is it this September or is it sept 2008?

Cheers Charlie
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Old Jul 17, 2007, 3:53pm   #2
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Default Re: When does the Russell 2000 move to ICE?

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Hello,

does anyone know when the Russell 2000 CME is moving to ICE? Is it this September or is it sept 2008?

Cheers Charlie
Sep 2008 apparently...
http://financial.seekingalpha.com/article/38926

any thoughts what the implications will be?
I am pretty fond of trading the Russell actually...
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Old Jul 18, 2007, 9:35am   #3
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Default Re: When does the Russell 2000 move to ICE?

personally, I hope things don't change much, but I'm bit afraid...
I hope CME offers a decent replacement in case ICE doesn't offer the same trading stability & market type orders as GLOBEX.
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Old Jul 18, 2007, 9:41am   #4
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Default Re: When does the Russell 2000 move to ICE?

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personally, I hope things don't change much, but I'm bit afraid...
I hope CME offers a decent replacement in case ICE doesn't offer the same trading stability & market type orders as GLOBEX.
Me to, I am a little concerned on the change over...as I am currently trading the ER2
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Old Jul 18, 2007, 9:52am   #5
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Default Re: When does the Russell 2000 move to ICE?

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Me to, I am a little concerned on the change over...as I am currently trading the ER2
ER2 is one of my favourites so I'm actually more than a little concerned

This article doesn't give much confidence neither:
http://www.themoneyblogs.com/eminis/...e-to-ice-.html
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Old Jul 18, 2007, 3:33pm   #6
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Default Re: When does the Russell 2000 move to ICE?

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personally, I hope things don't change much, but I'm bit afraid...
I hope CME offers a decent replacement in case ICE doesn't offer the same trading stability & market type orders as GLOBEX.
Cheers for confirming that for me. I think that u should have a look at the S&P 400 Mid cap.... this is traded i believe on the CBOT and has a behaviour very similar to our friend the ER2. Volume is low but we do have time on our side.. also perhaps other traders such as our selves might move over to the S&P 400.

The YM has lots of volatility also but the volume can be a little thin but in 13 months the gap might have been atleast closed somewhat.

Cheers Charlie
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Old Jul 18, 2007, 3:43pm   #7
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Default Re: When does the Russell 2000 move to ICE?

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Cheers for confirming that for me. I think that u should have a look at the S&P 400 Mid cap.... this is traded i believe on the CBOT and has a behaviour very similar to our friend the ER2. Volume is low but we do have time on our side.. also perhaps other traders such as our selves might move over to the S&P 400.

The YM has lots of volatility also but the volume can be a little thin but in 13 months the gap might have been atleast closed somewhat.

Cheers Charlie
Thanks Charlie, I've already been looking into the E-mini S&P 400 today actually
the moves are indeed very similar but volume is pretty thin though... definitely worried about slippage and orders not getting through. I've noticed volume < 50 on 5-min bars which is very low really, that will definitely cost me more than just the spread if I wanted to trade that. But perhaps a lot of traders will start to move over... also CME announced they were going to introduce new S&P e-minis (small cap 600 being a possibility).

Meanwhile, I'll continue to trade ER2 until I see that traders are leaving the instrument. I wonder how many people will make the transgression to ICE...

It would be interesting to hear from other T2W members who trade ER2 what their thoughts and views are.

The thing I liked most about the Russell was the huge potential for nice scalps.

I also trade the YM but I think it's more noisy and choppy at times.

Best of luck and let's keep eachother updated!
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Old Jul 26, 2007, 9:54am   #8
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Default Re: When does the Russell 2000 move to ICE?

Seems like very little interest in this thread and concern about what's going to happen...
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