Wednesday, September 19, 2012
Don't Trade The S&P 500 Emini Futures 18th Sept 2012 Daily Report
If you trade the S&P 500 Emini Futures, or trade the Nasdaq, Dow Jones, Rusell mini futures, or if you trade Forex and Crude Oil you need to check out www.sceeto.com for one of the worlds most advanced indicators. A no obligation Free Trial is availible.www.sceeto.com
Don't Trade The S&P 500 Emini Futures 18th Sept 2012 Daily Report.Whatever you do DON,T LEARN THE TRUTH don't learn about program trading and high frequency trading and don't sign up for software that monitors this. If you don't know about program trading and order flow and want to learn do sign up for a free trial at http://www.sceeto.com make sure to check out all our videos and information on the site before you start the 100% free trial in order to get the best experience with your trial.
please also DO check out http://www.binaryforecast.com for free binary options signals.
text courtesy of Wikipedia creative commons
E-Mini S&P, often abbreviated to "E-mini" (despite the existence of many other E-mini contracts) and designated by the commodity ticker symbol ES, is a stock market index futures contract traded on the Chicago Mercantile Exchange's Globex electronic trading platform. The notional value of one contract is 50 times the value of the S&P 500 stock index.
It was introduced by the CME on September 9th, 1997, after the value of the existing S&P contract (then valued at $500 times the index, or over $500,000 at the time) became too large for many small traders. The E-Mini quickly became the most popular equity index futures contract in the world. The original ("big") S&P contract was subsequently split 2:1, bringing it to $250 times the index. Hedge funds often prefer trading the E-Mini over the big S&P since the latter still uses the open outcry pit trading method, with its inherent delays, versus the all-electronic Globex system. The current average daily implied volume for the E-mini is over $140 billion, far exceeding the combined traded dollar volume of the underlying 500 stocks.[citation needed]
Following the success of this product, the exchange introduced the E-mini NASDAQ-100 contract, at one fifth of the original NASDAQ-100 index based contract, and many other "mini" products geared primarily towards small speculators, as opposed to large hedgers.
In June 2005 the exchange introduced a yet smaller product based on the S&P, with the underlying asset being 100 shares of the highly-popular SPDR exchange-traded fund. However, due to the different regulatory requirements, the performance bond (or "margin") required for one such contract is almost as high as that for the five times larger E-Mini contract. The product never became popular, with volumes rarely exceeding 10 contracts a day.
The E-Mini contract trades 23.25 hours a day, five days a week, on the March quarterly expiration cycle.
According to US government investigations the sale of 75,000 E-mini contracts by a single trader was the trigger to cause the 2010 Flash Cras