Chicago Mercantile Exchange (CME) launched two new futures on ETFs last week, in an attempt to lure more retail investors into futures index trading.
ETF futures on S&P 500 depositary receipts, or SPDRS, and the Nasdaq 100 Index , known as QQQQ, had modest starts in their first two days of trading. Volume on SPDRs futures totaled 1,653 contracts on 6-7 June while futures on QQQQ totaled 309 contracts. CME will roll out a third ETF futures contract on 20 May with the Ishares Russell 2000.
ETFs have come to represent...