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mgrund
Registered: Feb 2012
Posts: 528 |
10-29-12 02:08 PM
Is anyone still actively scalping Eurex products?, or just executing a few trades per day.Hence this very low volume we have seen for the past 6 months
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TsunTzu
Registered: Feb 2004
Posts: 268 |
10-29-12 08:25 PM
Lowest October volume for six years. Eurex are quite happy to sit in their control room and watch the market be abused by algo's in breach of their own market code on a daily basis. If they don't care about market integrity, why should anybody else. Bring on the FTT, the sooner the patient flat lines the better.
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mgrund
Registered: Feb 2012
Posts: 528 |
10-30-12 02:04 PM
Quote from TsunTzu:
Lowest October volume for six years. Eurex are quite happy to sit in their control room and watch the market be abused by algo's in breach of their own market code on a daily basis. If they don't care about market integrity, why should anybody else. Bring on the FTT, the sooner the patient flat lines the better.
The Algo's have driven away the old style Point and click human traders, those guys died with the dinosaurs.I used to maybe do around 50,000 spins a month, now however, I am maybe doing 1000 spins a month.Still clipping the same size but probably only do 1 or 2 trades a day ( and dont even trade some days ).Feel sometimes as its a waste of life, sitting on my butt all day just staring at prices waiting for a good position to put on-very unfufilling and extremely boring.
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londonkid
Registered: Jun 2011
Posts: 149 |
11-01-12 12:21 PM
Quote from mgrund:
The Algo's have driven away the old style Point and click human traders, those guys died with the dinosaurs.I used to maybe do around 50,000 spins a month, now however, I am maybe doing 1000 spins a month.Still clipping the same size but probably only do 1 or 2 trades a day ( and dont even trade some days ).Feel sometimes as its a waste of life, sitting on my butt all day just staring at prices waiting for a good position to put on-very unfufilling and extremely boring.
I take it you are scalping bonds, I am doing well scalping the eurostoxx, certainly a lot of algos present but clean enough to earn prints 1m contracts most days. Still much cleaner than US stocks (dirty) and FX (cess pit).
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mgrund
Registered: Feb 2012
Posts: 528 |
11-02-12 11:59 AM
Correct, I have now been in the office for nearly 5 hours and still not traded.I am waiting for the Payrolls report to be be released, 5 hours on my butt doing nothing apart from watching crappy Youtube clips and talking crap to fellow traders.Very dull indeed.
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