New ICE grains in may

Well... that makes it sound like this isn't some kind of creeping revisionism, that we aren't getting to the point where hours keep shrinking and USDA reports are released during off hours.

*IF* that's the case, I'll live with it.
 
Quote from TraDaToR:

I think CME will reinstate the 1:15pm close, I am quite sure every pit trader has voted to cut these additional 45 minutes... but I don't know if they will recreate the pause before the main session. There is some volume during those hours with europeans and early US traders. They may lose their volume to ICE.
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Damn, I was quite accurate... I don't even remember posting this.:D
 
Can someone tell me what planet these guys are from? One guy is quoted saying his clients were concerned beans prices might be down 30-40 in the middle of the night.. News flash, grains have ALWAYS traded in the middle of the night.
 
Quote from oldtime:

interesting. What do you think? Compressing market makes sense? Except, mkt hours for USA are diferent than China. Kind of gives ICE an international edge.

I know in the middle of the night on that globex corn, you might as well just emailed the guy on the other side, because it was just you and him.
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There is plenty of overnight liquidity in grains. Spreads are tight even on big moves, quite a bit of volume is traded.
 
Quote from TraDaToR:

http://www.reuters.com/article/2013/03/22/markets-cme-hours-volume-idUSL1N0CE73920130322
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DO people really believe that volume dropped due to expanded hours. That volume will increase with reduced hours? That there needs to be a defined "open" and "close" akin to a pit "open" and "close" for liquidity to exist.

These are ridiculous assertions completely belied by the evidence of the equity index markets (ES) and the interest rate markets (ZN).
 
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