The new DJUSRE Index futures contract is the result of extensive research by the CBOT to develop an exchange-traded product that best accommodates the needs of institutional real estate investors as well as the commercial real estate market. It will settle to the value of the DJUSRE Index, which is comprised primarily of Real Estate Investment Trusts (REITs). REIT securities often track the underlying U.S. commercial real estate market, with REIT share prices driven in part by lease rates, vacancies, development costs and property transaction values.
The new DJUSRE Index futures contract will trade on the CBOT electronic trading platform from 6:15 p.m. - 4:00 p.m. CT (the following day), Sunday through Friday. The contract, which will be settled in cash, has a value equal to $100 multiplied by the value of the DJUSRE Index. The CBOT intends to create a market maker program for the new DJUSRE Index futures contract to help ensure that a two-sided market will be available to market participants. -- www.cbot.com
Posted February 6th, 2007 by ruzik_tuzik
