SP on Glbx

[razf1 10]

Can someone tell me why SP hasn't/won't ever go on globex? I don't comprehend why they cannot do it...and it wouldn't compete with ES per se...since CME already does different sizes on fx on globex.

[Tams 20]

Because SP is pit traded, with real human being screaming at each other.

In the evening, these people go home to their wives and kids.

[razf1 10]

Yes I know it is pit-traded. The question is why couldn't it be brought over to globex? There is no technological limitation...so why not just do it. I'm sure there are enough MM who would be willing to make a market in it just like ES.

[Tams 20]

may be you can apply to be a night shift MM.

[diablo272 10]

I'm guessing it's because there are more people who don't want it to be 24 hours than those that do want it to be 24 hours.

[jonbig04 10]

In the evening, these people go home to their wives and kids.

 

 

Bah, losers.:haha:

 

............

[razf1 10]

may be you can apply to be a night shift MM.

 

Zulu,

 

Please dont reply to my post....obviously this site has clowns just like ET

 

 

To anyone else...do you know any LEGITIMATE reason why SP is not on globex yet?

[diablo272 10]

I think the question is, why would it be on Globex?

[razf1 10]

diablo same reason ES is so popular...deep liquidity with instant fills...open outcry is signif. slower. Currently SP is avail after mkt hours so its not a question of can they do it AH...they already do which begs question..why not trade side by side during mkt hours.

[sevensa 10]

diablo same reason ES is so popular...deep liquidity with instant fills...open outcry is signif. slower. Currently SP is avail after mkt hours so its not a question of can they do it AH...they already do which begs question..why not trade side by side during mkt hours.

 

Maybe you should ask the CME?

[sneo 10]

i am curious, aint S&P500 Futures on CME Globex? or am i seeing and trading fake prices for the past few years during Asian timezone.

 

http://www.cmegroup.com/trading/equity-index/us-index/sandp-500_contract_specifications.html

 

it says here for trading hours (their time i presume):

1. Open Outcry -

MON-FRI: 8:30 a.m.-3:15 p.m.

2. CME Globex (Electronic Platform) -

MON-THURS: 3:30 p.m.-8:15 a.m. (daily maintenance shutdown from 4:30 p.m.-5:00 p.m.)

SUN: 5:00 p.m.-8:15 a.m

[Tams 20]

so it is.............................

[razf1 10]

i am curious, aint S&P500 Futures on CME Globex? or am i seeing and trading fake prices for the past few years during Asian timezone.

 

S&P 500

 

it says here for trading hours (their time i presume):

1. Open Outcry -

MON-FRI: 8:30 a.m.-3:15 p.m.

2. CME Globex (Electronic Platform) -

MON-THURS: 3:30 p.m.-8:15 a.m. (daily maintenance shutdown from 4:30 p.m.-5:00 p.m.)

SUN: 5:00 p.m.-8:15 a.m

 

sneo SP goes on glbx during AH when pits are closed. You will not see SP avail during the daytime(electronically) when exch is open.