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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. |
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Thanks for the info and nice to see you back here again, feb!!! Where have you been?!!
I'm already starting to monitor and watch EMD, as it's the closest thing to ER2. Although I haven't started trading yet, I'm still making preparations. I noticed the slippage is sometimes 2 ticks, more often than ER2. So have to try to be careful and use limit orders more often.