Dow emini

S

stevet

Thought it might be good to start a thread to watch how the Dow eminis go - certainly they are covering all bases with a $20- and $50 contract - and with fungibility between all the contracts - would be great if volume builds - as long as it does not take it away from the emini S&P and Nasdaq

if institutions who have historially just traded the big contracts, are starting to take advantage of transparency of electronic trading - these new eminis should offer them some good advantages - against them also trading DOW 30 stocks

anyone from an institution know if their company will start targeting them
 
the institutions that i know already trade them.

fyi, there will also be a program with assigned market makers for after hours trading with spreads something like 10 ticks wide (sounds like alot but a tick a two in the dow stocks overnight is more than 10 dow points)
 
def

as of this month- there will be 2 electonic dow emini contracts - a $20 and a $50 and they are fungible with themselves and the main electronic contract
 
Am I correct that at IB we must subscribe to another data service for $30 a month in order to get quotes on the Dow emini?
 
No problem with TS6 (Tradestation), all Mini-Contracts (CBOT) without exchange fee (ACE / 30$).

Big problem with IB: They want me to pay exchange fee (ACE / 30$).

Dear Trader,

Thanks for the email.

Because for you to trade a particular futures exchange, you will need to be
subscribed. That is the manner in which IB works. We must pay ACE a set fee
per customer for their data. If you wish to obtain free mini quotes, then you
may be able to do so through another trading platform-you will not be able to do
this via IB.

Sincerely,

IB Customer Service
More...
 
FX-Trader

just wondering if the free emini quotes are in operation yet, as i think the start date is april 6th - could this be the problem with IB?

although IB seem to be saying they know of the offer, but are not in a position to offer it

one issue with TS is that they are offering a charting setup and a trading platform, and as i have already queried in the past - is the data on their trading platform - the same data as on their charting? and if as i believe it should be the case that they are different - are they offering the free emini data on both

at any rate, the whole point of the CBOT offering free emini quotes is to up the liquidity - so i don't get why there would be an issue with IB anyway?
 
CBOT to Launch New Electronic Dow Contract

Chicago, March 21, 2002 - Continuing to expand creation of new products and trading opportunities, the Chicago Board of Trade (CBOT®) today announced the newest addition to its DowSMJonesSM Complex, a CBOT® mini-sized DowSM contract with a $5 multiplier, to be launched on April 5, 2002 (trading begins 8:15 p.m. on 4/4/02). To enhance liquidity, the CBOT® plans to use two electronic market markers for the CBOT® mini-sized DowSMfutures contracts on its electronic trading platform. On April 5, the CBOT® will cancel side-by-side trading for its DJIASM futures and futures-option contracts. The new trading hours for the CBOT® DowSMJones complex are as follows:

DJIASM futures & futures options - open outcry: 7:20 a.m. -3:15p.m.; electronic: 8:15 p.m. - 7:00 a.m.;
CBOT® mini-sized DowSM ($2) and ($5) contracts - electronic: 8:15 p.m. - 4:00 p.m.
More...

Mini-Dow comes in two flavors: YJ (2$, not new), YM (5$, new). Should be able to see YJ quotes on IB TWS.
Order entry for futures is not integrated into TS6. It is webbased, see Lind-Connect at www.lind-waldock.com
 
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