ICE Futures U.S. Announces Introduction of Serial Options on Russell Index Futures

8  from  Automated Trader Magazine

May 20th, 2008 - ICE Futures U.S. Announces Introduction of Serial Options on Russell Index Futures.

 

ICE Futures U.S.today announced the introduction of floor-based mini options, including serial options, on the mini Russell 1000(R) and mini Russell 2000(R) Index futures contracts. Beginning May 19, the mini Russell 1000 and mini Russell 2000 Index options will be available in open-outcry trading on the ICE Futures U.S. trading floor in New York.

Serial option contract months for both of the mini index contracts have also been introduced. The contract months for serial options are January, February, April, May, July, August, October and November.

On Friday, May 16, ICE Futures U.S. recorded a daily volume record of 6,110 contracts in the mini Russell 2000 futures contract as a result of increased participation in the Russell Index markets on ICE. Open interest in the September contracts of the Russell 2000 full-size and mini contracts reached a record 29,083 mini equivalent contracts.