RLM vs. SMC

syswizard

syswizard

Sorry, I've been away from emini futures for a while and have not done my homework. To save me some research time, can someone chime in about the differences in liquidity, spreads, etc. between the ICE contract (RLM) vs. the CME's S&P small cap 600 ?
I know the have different compositions, but which is preferred from a trading standpoint ?
Is ICE doing a good job of promoting the emini Russell it has taken over from the CME ?
 
Quote from cashcow:

liquidity is bad in both.
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Ahh.....so ICE has done a poor job in taking over the emini Russell 2000. That figures.....so there is no real competition to the CME yet....or likely never will be any.
 
Sorry, I thought you meant the Russell 1000.
Russell 2000 has good liquidity.
SMC still has bad liquidity - around 150 to 600 volume day I believe.
 
Quote from cashcow:

Sorry, I thought you meant the Russell 1000.
Russell 2000 has good liquidity.
SMC still has bad liquidity - around 150 to 600 volume day I believe.
More...

OK, so then the ICE's Russell 2000 is doing well then and the CME's strategy to replace it with the S&P 600 Small Cap has failed.
Am I right on this ?
 
looks that way. smc has traded 184 contracts so far today.
playing the spread for ticks will not work either - could jump on trends - but personally would not trade a spread with one leg so illiquid.
 
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