When will trading in the SP stop?

[guy2]

I can't believe that over 50% in the poll believe that the pit traded contract will last forever.

Here's an update using a 6 month moving average: The disappearing S&P500 Futures Pit contact

 

[ktm]

The SP doesn't need to disappear, it just needs to be added to Globex during RTH.

 

[guy2]

Quote from ktm:

The SP doesn't need to disappear, it just needs to be added to Globex during RTH.

Would that not make it disappear? i.e. it would be merged with the E-mini...

 

[gnome]

The e-mini already trades 5x the $$$ volume of the pit.

Might as well abandon the full contract, as it serves no real purpose... just hanging on as a relic.

 

[ktm]

I think you need a 5X product, especially on the options side. You have a lot of institutional guys who don't want to trade 5X as many contracts. The big contract is needed and serves a crucial purpose. What we don't need are the pervasive shenanigans that exist with the guys on the floor.

Commish should come down sharply on the SP if it goes fully electronic. Why pay 5X as much when a contract is a contract? Notional value shouldn't affect commish.

 

[minmike]

Commisions for big traders are so minimal that it isn't a factor. The smaller tick size is. I think that I heard somewhere that they were going to the dime ticks in the mini's. Anyone else heard that?

 

[guy2]

Quote from minmike:

Commisions for big traders are so minimal that it isn't a factor. The smaller tick size is. I think that I heard somewhere that they were going to the dime ticks in the mini's. Anyone else heard that?

When the NQ changed over from 0.50 to 0.25 I called the CME and asked them that question but they said no: NASDAQ tick size change precursor to ES?