You didn't know? http://www.nybot.com/russell2003/
CBOT is pushing to offer a similar or same product as well. This is not final yet.
EurexUS, will it work?
- Thread starter tighttrigger
- Start date
CBOT is pushing to offer a similar or same product as well. This is not final yet.
I know that the NYBOT is not a contender. That is why I started the message with that line; as if everyone should know that it is traded on the NYBOT.
Russell 1000® and Russell 2000® futures to begin trading on February
4/Three month fee waiver for Russell products
Eurex US, the fully-electronic U.S. futures and options exchange,
confirmed February 4 as the launch date for its new futures on the
U.S. large-cap Russell 1000 index and the U.S. small-cap Russell 2000
index. The introduction of these products will expand Eurex US's
product portfolio to include U.S. index derivatives for the first
time.
"The new equity index derivatives suite reinforces Eurex US's
commitment to offering customers access to a full range of U.S and
European products, pending approval by the CFTC," said Satish
Nandapurkar, CEO of Eurex US. "This new asset class will be supported
by a strong network of market makers, ensuring liquidity and creating
low cost trading opportunities for our customers."
To provide basis liquidity in this new market, 15 firms have already
agreed to act as market makers for the new futures on the Russell
1000 index and the U.S. small cap Russell 2000. These firms will
provide additional liquidity and increase order book depth by
continuously quoting prices and offering competitive spreads. Market
makers will be active during the core U.S. trading hours (8:30 am to
3:00pm CST).
Eurex US will waive all trading fees for all market participants for
the first three months of trading in the Russell products. After this
initial fee waiver, proprietary and market maker transaction fees
will be U.S. 2.5 cents for trades executed in the order book and U.S.
30 cents per side for Over-The-Counter (OTC) trades. Customer
transaction fees will be U.S. 50 cents per side for trades executed
in the order book and OTC trades will be subject to a surcharge of 30
cents per side.
"Eurex US has gained good support from market makers and offered a
three month fee waiver in the trading of these products to ensure a
solid start of trading," said Kelly Haughton, strategic director of
Russell indexes. "With Phase I of the Global Clearing Link in place
and the introduction of Russell 1000 and Russell 2000 futures on
Eurex US, American traders will be able to more efficiently spread
the U.S. and European markets."
The large-cap Russell 1000 index measures the performance of the
1,000 largest U.S. companies based on total market capitalization.
The Russell 2000 measures the performance of the 2000 companies
following the Russell 1000 components and is the industry standard
for U.S. mid-cap companies.
4/Three month fee waiver for Russell products
Eurex US, the fully-electronic U.S. futures and options exchange,
confirmed February 4 as the launch date for its new futures on the
U.S. large-cap Russell 1000 index and the U.S. small-cap Russell 2000
index. The introduction of these products will expand Eurex US's
product portfolio to include U.S. index derivatives for the first
time.
"The new equity index derivatives suite reinforces Eurex US's
commitment to offering customers access to a full range of U.S and
European products, pending approval by the CFTC," said Satish
Nandapurkar, CEO of Eurex US. "This new asset class will be supported
by a strong network of market makers, ensuring liquidity and creating
low cost trading opportunities for our customers."
To provide basis liquidity in this new market, 15 firms have already
agreed to act as market makers for the new futures on the Russell
1000 index and the U.S. small cap Russell 2000. These firms will
provide additional liquidity and increase order book depth by
continuously quoting prices and offering competitive spreads. Market
makers will be active during the core U.S. trading hours (8:30 am to
3:00pm CST).
Eurex US will waive all trading fees for all market participants for
the first three months of trading in the Russell products. After this
initial fee waiver, proprietary and market maker transaction fees
will be U.S. 2.5 cents for trades executed in the order book and U.S.
30 cents per side for Over-The-Counter (OTC) trades. Customer
transaction fees will be U.S. 50 cents per side for trades executed
in the order book and OTC trades will be subject to a surcharge of 30
cents per side.
"Eurex US has gained good support from market makers and offered a
three month fee waiver in the trading of these products to ensure a
solid start of trading," said Kelly Haughton, strategic director of
Russell indexes. "With Phase I of the Global Clearing Link in place
and the introduction of Russell 1000 and Russell 2000 futures on
Eurex US, American traders will be able to more efficiently spread
the U.S. and European markets."
The large-cap Russell 1000 index measures the performance of the
1,000 largest U.S. companies based on total market capitalization.
The Russell 2000 measures the performance of the 2000 companies
following the Russell 1000 components and is the industry standard
for U.S. mid-cap companies.
Anyone know what IB's position on this will be?
Pricing was what I was wondering about. Pretty sure they will offer it as they already offer the other products...
FredBloggs
Guest
so will the eurexus russell 2k be a full size or mini contract?
the current r2k full size on cme floor is very thin
the current r2k full size on cme floor is very thin
It is equivalent to the mini. It will be trading at $10 per tick. Falls the same contract spec as the ER2.