May & June Console Futures IPO

Console Futures for May and June 2008 will make their debut this week. Futures for the Xbox 360, PS3, and Nintendo Wii will begin Phase 1 IPO on April 22 for May Sales and on April 24 for June Sales. Futures for the Nintendo DS and the PSP will begin Phase 1 IPO on April 23 for May Sales and on April 25 for June Sales. Total Software Sales futures will also debut on April 23 for May and April 25 for June. Note that June 2008 is a 5-week retail month.

Remember, each future enters a 48-hour IPO Phase 1 in which there is no market maker providing prices. Advanced trading mode is required to place orders in IPO Phase 1. After IPO Phase 1, the futures contracts will enter IPO Phase 2 in which the bid and ask prices will be fixed all day.