CME to list housing futures

[risktaker]

I'd say this was because the exchanges were just looking to push more business and generate revenue much as this CME move with housing especially since now they're a multi-billion$ entity and expected to show substantial growth ....but from what/where. I doubt housing will do it. The only one getting excited are the little speculators/gamblers and of course the paid promoters.

Quote from Pabst:

Back in the early 1990's the CBOT spent millions developing futures for the re-insurance market. Like housing, insurance is a humongous cash market with no central price discovery allowing commercials to transfer risk to speculators. These contracts also failed for much the same reason.