Housing derivatives market draws pro investment crowd

Broker addresses questions about futures trading in real estate

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Since May 2006, the Chicago Mercantile Exchange has offered futures contracts and options based on the S&P/Case-Shiller U.S. National Home Price Index. Futures and options currently are traded on indices for a composite index, and the 10 markets included in that composite are: Boston, Chicago, Denver, Las Vegas, Los Angeles, Miami, New York, San Diego, San Francisco and Washington, D.C.

The following is an interview with Fritz Siebel, director of property derivatives at Tradition Financial Services.