In spring 2002, an electronically traded futures contract on the stock index, called an E-mini future, was

Question:

In spring 2002, an electronically traded futures contract on the stock index, called an E-mini future, was introduced. The contract was one-fifth the size of the standard futures contract, and could be traded on the 24-hour CME Globex electronic trading system. Why might someone introduce a futures contract with these properties?


Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Money Banking and Financial Markets

ISBN: 978-0078021749

4th edition

Authors: Stephen Cecchetti, Kermit Schoenholtz

Question Posted: