Russell`s Fate ?

[walterw]

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.

[MrPaul]

I heard that the switch would take effect starting in Sept.

Really sucks too cause I love to trade the Russell, excellent range, tick value...everything. Stupid ICE

[feb2865]

	Quote:	walterw
	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.

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.

[walterw]

Thanks for info... at this point I am just trading YM... got used to it and it still pays the bills... cheers Walter.

[BlowFish]

I'd be interested to hear what people are planing switching too? I guess YM NQ or ES are the obvious candidates?

Cheers,

[torero]

	Quote:	feb2865
	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.

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.

[feb2865]

	Quote:	torero
	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.

Hey Torero

I had a big operation on my neck to remove a mass. Still struggling here but all is good( gotta be positive). I've been away from the markets from quite a bit.

I traded EMD in the past, whit few contracts(2 to 5) and I had no slippage problems at all( well like you say 1-2 ticks here and there at market). I have to check if liquidity has increased since last time. I like this instrument as is very trendy and smooth.

As to where traders migrate once the switchover happens, sincerely is hard to tell. I wish they go to EMD. Another choice will be YM. At this moment we can only speculate.

[torero]

True. It's difficult to leave an instrument you trade for so long and only to have it pulled under you. A place you call home is now an abandoned house.

I'm sorry to hear you've been struggling with your health. I had thought you've moved on to greener pastures (I mean other sites, not Death, God no). Hope all goes well with your recovery and health and see you contribute more of your experience and insight!

[Soultrader]

Good to have you back feb! Hope you are feeling better and looking forward to all your great posts.

[feb2865]

	Quote:	torero
	True. It's difficult to leave an instrument you trade for so long and only to have it pulled under you. A place you call home is now an abandoned house. I'm sorry to hear you've been struggling with your health. I had thought you've moved on to greener pastures (I mean other sites, not Death, God no). Hope all goes well with your recovery and health and see you contribute more of your experience and insight!

Thanks a lot I sincerely missed you all as I think this site is the best community of traders in my opinion.

Yeah I feel your pain. I love Mini Russell too.

By the way, how has been it's volume lately???