July and August Console Futures

Console Futures for July and August 2008 will make their debut this week. Futures for the Xbox 360, PS3, and Nintendo Wii will begin Phase 1 IPO on May 28 for July Sales and on May 30 for August Sales. Futures for the Nintendo DS and the PSP will begin Phase 1 IPO on May 29 for July Sales and on May 31 for August Sales. Total Software Sales futures will also debut on May 29 for July and May 31 for August.

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.