Welcome to  this forum on home price derivatives.  I’m John Dolan, the independent market maker for the S&P Case Shiller (home price index) futures that are traded on the CME.   My original goal is setting up this site in 2010 was to foster discussion about CME futures (and, in the past options) but it has expanded to other topics related to home price hedging products.    I want to faciliate a better understanding by academics, regulators, policy makers, rating agencies, traders and all interested parties in housing transactions (e.g. buyers, sellers, lenders, MBA, NAR), in the markets for home price products, how they can be traded, and how to interpret observed market prices.  Please feel free to email me with questions or suggestions at johnhdolan@homepricefutures.com .  You can join the discussion on LinkedIn in the CME Case Shiller Home Price Futures group, and/or sign up for Twitter updates (mostly trade notices) at @HomePriceFuture

My hope is that with greater awareness, more contributions (quotes) from other traders, and a willingness by traders and hedgers to dabble in these products, that better liquidity will evolve for futures on this critically important financial market.

 

Today is the last day of trading for May ’13 contracts

Today is the last day of trading for May ’13 (K13) contracts.  All trades done during the abbreviated next session (Sunday night to noon on Monday (CHI time, so 1 PM in NY)) will be booked as Tuesday trades.  Looking … Read More

May ’13 contracts (K13)

With less than one week to the expiration of the May ’13 contracts (I believe that the last day of trading is the abbreviated session on Monday (Memorial Day)) here’s the quotes, and some observations.

Bid/ask spreads range from 0.6 … Read More

Inter City Spreads for Longer Expirations -4 Nov ’17 IC spreads

Friday I teed up ten intercity day orders for the May ’13 contracts.  While I’m open to continuing that discussion, today I want to focus on the other end of the expirations -the Nov ’17 contracts.

Unlike the May ’13 … Read More