For you day traders who like to trade the Russell 2000 futures contract (like I do), there was an important announcement today.
ICE (IntercontinentalExchange, Inc) announced today that it signed an exclusive agreement with Russell Investment Group to offer futures and options on futures on the company’s U.S. equity indexes.
ICE is the leading electronic energy marketplace and soft commodity exchange.
The Russell futures products currently trade on 2 other exchanges, and many day traders use the Russell futures for trading on the CME.
The transition from the other exchanges to the ICE will be completed no later than the end of August 2007.
The Russell futures and options on futures products will then be traded exclusively on the NYBOT (New York Board of Trade) which is ICE’s U.S. regulated futures exchange.
Read the full article from the ICE web site.
Read the Q&A pdf. document from the NYBOT.