After regular cash trading, S&P 500 e-mini futures
edged down 0.
2 percent while S&P e-mini futures
and Dow minis were also a touch firmer.
on the Standard & PoorA's 500 Index rose 0.
S&P 500 E-mini futures
expiring in June were little changed after the index gained 0.
A crucial part of the puzzle is a large sell trade of E-mini futures
contracts by buy-side firm Waddell and Reed.
Obviously since the release of the job report news at 8:30 am EST the S&P 500 e-mini futures
tanked and are trading lower by 24.
Use of algorithms in the futures markets has come under the microscope since a joint report by the US Securities and Exchanges Commission and Commodity Futures Trading Commission identified the algorithmic execution of a large S&P 500 E-Mini futures
trade by a mutual fund as playing a significant part in the 'flash crash' of 6 May 2010.
Melamed said that Globex was founded in part due to CME's belief that the retail trade would boost liquidity in E-mini stock index futures and that the product's successes - both the E-mini futures
and Globex trading engine - would transform the industry.
S&P E-mini futures
were little changed in Asian trade after the Standard & Poor's 500 index advanced 1.
According to a joint report by the SEC and derivatives market regulator the Commodity and Futures Trading Commission (CFTC), published on 1 October, the spark that ignited the market collapse was an attempt to sell 75,000 E-mini futures
contracts by Waddell & Reed, an asset manager with a seven-decade record serving institutional and individual investors.
In 1997, it was the first electronic broker to offer retail customers direct linkage to the Chicago Mercantile Exchange's GLOBEX platform for trading of E-Mini futures
Among other strong gains in 2003, RJO's customer volume grew its business in executing and clearing transactions in the S&P 500 E-Mini futures
at the CME, posting 2,252,897 trades - compared to 435,500 in 2002 and 117,294 in 2001.