Eurex, Chicago Exchanges get ready to rumble

Runningbear · Sep 17, 2003

Eurex is pretty smart launching identical contract specs.

This way the two exchanges will arb each other, so even if their is a lack of initial liquidity for Eurex US, it won't matter as the bid/ask will pretty much be the same, with no gapping and price jumping usually asociated with new thinly traded contracts.

I figure after about a week, everyone will be ready to switch.

If you're a daytrader, it will be like getting given an extra $300 a day for free.

Runningbear

Walther · Sep 17, 2003

Quote from Runningbear:

.

If you're a daytrader, it will be like getting given an extra $300 a day for free.

Runningbear

How did you get $ 300 figure ? I think you will still have to go trough broker and pay commission.
Walter

crazy_trader · Sep 17, 2003

I think he meant saving in comission. Eurex charge lower fees.

Quote from Walther:

How did you get $ 300 figure ? I think you will still have to go trough broker and pay commission.
Walter

burnin · Sep 17, 2003

Quote from WDGann:

Chicago crooks???

WE ARE ROCK SOLID!

CME and CBOT is RRRRRROOCCCKKK SSSOOOLLLIIIIDDDD!

cme and cbot is filled with a bunch of scared phone clerks making 150k + who have no skills and the misery index is at all time highs. one can only wonder how the jim hacks of the exchange will survive with no ones coat tails to ride on

BundMaster · Sep 17, 2003

Phone clerks make 150k+? Keep the floors open and get me a job!! Who is Jim Hack?

chinook · Sep 17, 2003

Quote from Foz:

*cackle* *cackle*

Now, what kind of US equity index futures could Eurex list? Too bad S&P, Nasdaq, Russell, & Dow are all trademarked names. How about Wilshire 5000 futures?!

Does anyone have more info on the US equity index futures Eurex-US is planning to offer?

Thanks,

Chinook

msfe · Sep 17, 2003

CFTC - FOREIGN INSTRUMENT APPROVALS & EXEMPTIONS

APPROVED:
Foreign Stock Index Futures Contracts for Which No-Action Relief Has Been Granted.

...

EUREX -- Eurex Deutschland (formerly DTB, Deutsche TerminbÃ¶rse):

Dow Jones Global Titans 50 futures contract
Dow Jones STOXX 600 Banking Sector Index futures contract
Dow Jones EURO STOXX Banking Sector Index futures contract
Dow Jones STOXX 50 Index futures contractâ
Dow Jones EURO STOXX 50 Index futures contractâ
Deutsche Aktienindex (DAX) Stock Index futures contract

...

http://www.cftc.gov/opa/backgrounder/opapart30.htm

burnin · Sep 17, 2003

Quote from WDGann:

Chicago crooks???

WE ARE ROCK SOLID!

CME and CBOT is RRRRRROOCCCKKK SSSOOOLLLIIIIDDDD!

Either you have no clue what your talking about, or you, hopin and wishin.

If you work at one of those exchanges, do yourself a favor

Get on a life boat before they are all gone.

That ship is sinkin......FAST

vega · Sep 17, 2003

just curious, you ever work on the floor of any of the exchanges ?

Vega

burnin · Sep 17, 2003

Quote from vega:

just curious, you ever work on the floor of any of the exchanges ?

Vega

yes and you can add the cboe (and its sad lynch mob) into the group