Russell`s Fate ?

[torero]

Hi Cog, I checked out the S&P 600 but it's too new and it may need some time for decent volume to get in gear, at least 6 months to get an idea about volume, slippage, etc. If it's the same as you say, I'll be watching. EMD in the mean is not so bad. Do you have any insight comparison between EMD and ER2? I've done some strategy testing on both and they produce very similar results. For now, I think I may stick with EMD.

[walterw]

	Quote:	torero
	Hi Cog, I checked out the S&P 600 but it's too new and it may need some time for decent volume to get in gear, at least 6 months to get an idea about volume, slippage, etc. If it's the same as you say, I'll be watching. EMD in the mean is not so bad. Do you have any insight comparison between EMD and ER2? I've done some strategy testing on both and they produce very similar results. For now, I think I may stick with EMD.

My two cents here... if for any reasons your position is not closed at the end of the session EMD margin is 16 k per contract... something to have in consideartion... cheers Walter.

[Cogniato]

feb,
ER2 130day avg vol is 206,000 contracts/day. Today it was 538,000. Just when it is getting liquid, they pull the plug. I found many ways to get an edge in the ER2's that aren't available as often in other indexes - may of them based on the reliable fact that the smallcaps overshoot the big indexes on big moves and are slower to respond to turning market internals, giving good major move entry points, and better % gains with less commission costs. ER2 also allows greater granularity in analysis because it is continually directional as opposed to the frustrating "stair-stepping" of the ES's.

The new SMCu07 (SP600 SmallCap futures) contract at CME will start trading 8-19-07. No exchange fees until March 2008 = cheap commissions! I have been studying the SP600 SmallCap Cash Index at CBOE ($SML.X Tradestation), and it tracks virtually identical to the Russell Cash, down to the one minute. The same advatageous charactristics may hopefully still apply. It also pays $10.00 per tick or $100.00 per point, which I love about
ER2.
BTW I also had open neck surgery to remove a mass in Dec 06, took me about 5 months to normalize. Lost a new trading job with one of the world's largest prop trading houses cause I couldn't show up, and I was too new to build solid performance before my surgery. I am starting to kick butt now though.

regards,
Cogniato

[Reaver]

Cog, Feb,

If ya'll don't mind me asking- what kind of mass?

Best wishes on the road to recovery.

[torero]

	Quote:	walterw
	My two cents here... if for any reasons your position is not closed at the end of the session EMD margin is 16 k per contract... something to have in consideartion... cheers Walter.

Wow! Really? I have to take a look again CME specs. Thanks for pointing that out. I thought the margin was the same, you're talking about 16k per contract right?

[cooter]

	Quote:	walterw
	My two cents here... if for any reasons your position is not closed at the end of the session EMD margin is 16 k per contract... something to have in consideartion... cheers Walter.

Wrong.

We're talking about the e-mini EMD contract, not the large one.

$3,750 is your overnight margin, which is comparable to the other e-mini official performance bond requirements.

Check your facts at the CME website here:

http://www.cme.com/html.wrap/wrapped...ightEQ.htm?h=2

[walterw]

	Quote:	cooter
	Wrong. We're talking about the e-mini EMD contract, not the large one. $3,750 is your overnight margin, which is comparable to the other e-mini official performance bond requirements. Check your facts at the CME website here: http://www.cme.com/html.wrap/wrapped...ightEQ.htm?h=2

Thanks for that information, I really was not much convinced about that... 16K I asume is the large contract then... cheers Walter.

[GCB]

That's a darn shame. I used to trade the ER2 but I switched to YM. I had my sights set on going back someday.

[torero]

Ok, thanks for the clarification, cooter. That was what I thought, maybe I wasn't clear in mentioning it was mini-EMD, and wasn't aware there was a large size EMD.

[Infinity_Tom]

Dear Traders,

On Monday October 22, CME will be introducing futures on the MSCI Emerging Markets Index. A couple of brief items for your review.

* Attached are two pdf files. One contains a 1 page term sheet with the basics. The second contains the brochure for the product with additional information such as countries in the index and the top components and additional details/contract highlights.
* Volatility in MSCI's Emerging Market Index is substantially higher than most other major broad based indexes including the S&P 500 and MSCI EAFE. Hence trading opportunities should be numerous.
* CME exchange listed margin is expected to be $4,600. Infinity AT daytrade margin will be $500. Market will trade on Globex virtually 24 Hours a day.