New ICE grains in may

heech · May 14, 2012

Quote from emg:

not ready yet. under review by the cftc

My understanding is CME proposed change to the CBOT grains is under review / scheduled for next week. But ICE grains begin trading today.

emg · May 14, 2012

Quote from heech:

My understanding is CME proposed change to the CBOT grains is under review / scheduled for next week. But ICE grains begin trading today.

The first trade was in July corn, done at $5.82-1/2 per bushel, up 1-1/2 cents and came within the first 10 minutes. By 1147 GMT on Monday, however, the contract had still only traded five lots, while July soybean future had a volume of seven lots. ICE July wheat futures had no activity.

http://www.chicagotribune.com/busin...ff-turf-war-with-cme-20120514,0,4122353.story

emg · May 14, 2012

https://www.theice.com/productguide/ProductSpec.shtml?specId=5241925

TraDaToR · May 15, 2012

http://www.reuters.com/article/2012/05/14/us-cme-cftc-sommers-idUSBRE84D12G20120514

TraDaToR · May 16, 2012

http://www.fointelligence.com/Artic...-for-change-to-grain-and-oilseed-markets.html

heech · May 16, 2012

Quote from TraDaToR:

http://www.fointelligence.com/Artic...-for-change-to-grain-and-oilseed-markets.html

Bunch of Luddites. Sooner these guys retire, the better.

I'm nervous about initial market reaction around crop reports too, but I know it's inevitable we will trade around it. Sooner we get started, sooner market makers figure out their business. And hell, maybe the USDA will eventually give weekly rather than quarterly updates of crop conditions (like the DOE).

TraDaToR · May 16, 2012

ICE grains are trading well for a first week...And I see they will propose Trade at Settlement contracts, one thing CME doesn't have....

emg · May 16, 2012

Quote from TraDaToR:

ICE grains are trading well for a first week...And I see they will propose Trade at Settlement contracts, one thing CME doesn't have....

Well???? where did u get that from. No liquidity = No Volatility

heech · May 16, 2012

Quote from TraDaToR:

ICE grains are trading well for a first week...And I see they will propose Trade at Settlement contracts, one thing CME doesn't have....

Did we figure out IB symbols??? I haven't been watching, since that first article said there was no volume.

TraDaToR · May 17, 2012

??? Front month corn has traded 999 lots yesterday, it's a good start I would say. Spreaders are making a quite deep market with a 2-3 tick spread. Even Soyoil has some volume.

I checked on CTS T4. I don't know IB symbols.