Small Exchange Kickoff

schizo said:
Deep down, I kind of wish this small exchange will succeed because CME is a greedy SOB that doesn't give a crap about its customers, always raising the damn fees, and always on the prowl to nickel and dime you.
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Agreed and careless about it as has been shown by their pig looking like CEO on tv, The market "performed to perfection" Kiss my ass, half the orders were rejected by your Exchange, even those on the right side of the trade were pissed
 
I like that it has one defined session, the daily settlement is at the close of trade (i.e. no "settlement period" prior to close then an hour or two of trade until it actually closes - yes CME I'm looking at you), cash settled, reasonable trading hours.

Will be interesting to see if takes off.

None of my data vendors covers it yet though - hoping they will.
 
I think this in the long run will be HUUUUUUGE,,, think how many traders will use the smaller size contracts and not worry about various expiration etc etc, institutional might be bigger in dollar value but retail are more in quantity of individuals, not sure if there is a measure of who contributes more than the other, just bought their 100 dollar subscription for life discount
 
A decent list of firms backing the exchange. Could have legs:
(BUSINESS WIRE)--The Small Exchange, a new futures exchange backed by renowned innovators in the financial industry, announced investors can begin trading on the Small Exchange June 1, 2020. The U.S. Commodity Futures Trading Commission (CFTC) designated the Small Exchange in March 2020 as a contract market (exchange) and the Options Clearing Corporation has successfully completed testing. The Small Exchange has also landed support from partners ABN Amro Clearing, Apex, Budo Trading, Citadel Securities, CQG, Dorman, FC Stone, Gain Capital, Interactive Brokers, Jump Trading, Kore Trading, Peak 6, Phillip Capital, Rithmic, tastyworks, Tickmill, Tradovate, and Wedbush.
 
Small Exchange might steal lots of undercapitalized day traders from CME. HFT firms backing them might provide good liquidity at launch and it might take off from there.
 
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