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Does someone know what is Russell`s fate at this point ?
Will it keep trading ? until when ? etc etc.... if someone is more informed than me, I will appreciatte this information.... thanks Walter. |
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By the end of August 2008 CME will no longer be offering ER2
The owners of all Russell indexes have decided to give exclusive distribution rights to ICE.
ICE has probably the higher cost of all exchanges combined and I know for a fact that traditionally, many broker houses are not inclined to offer ICE products.
ICE has a very bad reputation, experience included on this comment.
As to why the Russell's are doing this??? beats me...is one of the most "scratch your head" transaction I have ever seen on this business and I have seen a lot.
I suspect liquidity on the Russell products will go very thin as very much all ICE products
My advice is be careful, especially close to that date. Don't hold overnight positions after June 2008 especially on ER2.