The waivers is in effect March 3, 2008, and continue through December of this year.
The volume of EMD is about 4-5x lower and there may be some range spread at opening, closing and near EST lunchtime 11-1, 2.
As some have mentioned in the other thread:
http://www.traderslaboratory.com/for...ving-1918.html
EMD may be a little less jumpy than ER2 during these periods (see cyan line below for the range spread).
http://cmegroup.mediaroom.com/index.php?s=43&item=693
CME Group to Waive Fees for S&P 400 MidCap Equity Index Contracts
PRNewswire-FirstCall
CHICAGO
(:CME)
CHICAGO, Feb. 15 /PRNewswire-FirstCall/ -- CME Group, the world's largest and most diverse exchange, announced that CME Globex® and clearing fees will be waived for all S&P MidCap 400® and E-mini® S&P MidCap 400 Index futures and options on futures for all market participants. The waivers will go into effect March 3, 2008, and continue through December of this year. The waivers in the S&P MidCap 400 products are similar to the fee waivers for the S&P SmallCap 600® products already in place.
The S&P SmallCap 600 and MidCap 400 contracts, along with other products in the equity index complex, are attractive alternatives to the Russell 2000 contract, which will no longer be listed on CME Globex following the September 2008 contract expiration.
