NASDAQ Composite Futures Contract

[CPTrader]

Reports indicate that the CME will commence trading futures on the NASDAQ Composite Index on October 27th in E-mini format.

Currently only the NASDAQ 100 Index has a futures contract.

Why the need for this? Personally I think it will just reduce the liquidity in the NDX-100 or maybe it will have a still birth like the Fortune 100 contract.

Any thoughts?

 

[Mr Subliminal]

Quote from Ebo:

What are your "sources" please?
Please post the link or news source.

http://www.cme.com/abt/news/03-147Nasdaq5065.html

 

[traderjimbo]

probably because the new nasdaq composite etf was introduced -- ONEQ ---

 

[hypostomus]

...count your blessings. Those new contracts will intoduce more S/R levels to NQ.

 

[josbarr]

different topic but interesting story

http://story.news.yahoo.com/news?tmpl=story&u=/bw/20031010/bs_bw/nf20031092788db035