ICE Futures U.S. today announced the extension of its Exchange Member fee program for the Russell Index mini futures contracts to facilitate the transition of the Russell Index futures markets to ICE.
Qualified exchange members of CME, CBOT, NYMEX, CBOE, and International Securities Exchange (ISE), including individual, clearing and corporate members, may trade the "mini size" Russell Index futures and options on futures contracts at a rate of $0.30 per side, inclusive of exchange and clearing fees. The program, which is now in effect, has been extended through December 31, 2008, and includes both the Russell 2000(R) mini and the Russell 1000(R) mini futures and options on futures contracts.
Detailed information and an application for the Exchange Member program can be found on the ICE website at www.theice.com/russell.