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ddouglas
Registered: Aug 2011
Posts: 89 |
04-29-12 05:33 PM
Quote from babutime:
Nowhere do I see a reference to Globex or CME.
aaand . .
Quote from babutime:
NonPro Provides Market Data information for commodities products at the US Commodities exchanges such as the ECBOT, NYMEX, GLOBEX, CFE, CME COMEX
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osho67
Registered: Sep 2002
Posts: 914 |
05-02-12 06:06 PM
Sorry about this question
I see SPX index options under CBOE
I also see SPXPM index options under CBOE2
Please what is the difference and why there are two types of index options under CBOE? Which is better to trade and which is traded electronically ? Are both european style and cash settled?
Thanks
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FSU
Registered: Jun 2010
Posts: 237 |
05-02-12 11:25 PM
Quote from osho67:
Sorry about this question
I see SPX index options under CBOE
I also see SPXPM index options under CBOE2
Please what is the difference and why there are two types of index options under CBOE? Which is better to trade and which is traded electronically ? Are both European style and cash settled?
Thanks
SPX Pit traded at the CBOE European expiration based on morning settlement prices on expiration Friday. Wide quoted markets, tight inside markets. Orders may or may not be filled instantly, based on what type of order is quoted. Quotes are sent by one market maker only, but can be changed by broker representing an order, or an order entered into the electronic book.
SPXW (weekly SPX) quotes sent in by multiple market makers. If you see a quote, you can trade off of it instantly. Tight quoted markets. Expiration is in the afternoon. (On monthly expiration week there are no SPXW's)
SPXPM Traded on the C2, the CBOE's all electronic exchange. No pit. Quotes sent in by multiple market-makers. If you see a quote, you can be filled instantly. Tight quoted markets. Expires in the afternoon.
All three products are single listed and have a COB (complex order book) to facilitate electronic spread trading. All are cash settled.
Best bet is trading SPXPM or SPXW for most public customers.
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osho67
Registered: Sep 2002
Posts: 914 |
05-03-12 07:50 AM
Quote from FSU:
SPX Pit traded at the CBOE European expiration based on morning settlement prices on expiration Friday. Wide quoted markets, tight inside markets. Orders may or may not be filled instantly, based on what type of order is quoted. Quotes are sent by one market maker only, but can be changed by broker representing an order, or an order entered into the electronic book.
SPXW (weekly SPX) quotes sent in by multiple market makers. If you see a quote, you can trade off of it instantly. Tight quoted markets. Expiration is in the afternoon. (On monthly expiration week there are no SPXW's)
SPXPM Traded on the C2, the CBOE's all electronic exchange. No pit. Quotes sent in by multiple market-makers. If you see a quote, you can be filled instantly. Tight quoted markets. Expires in the afternoon.
All three products are single listed and have a COB (complex order book) to facilitate electronic spread trading. All are cash settled.
Best bet is trading SPXPM or SPXW for most public customers.
Thanks Sir
You have very nicely explained . Much appreciated.
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Surprise
Registered: Mar 2008
Posts: 276 |
02-26-13 09:40 AM
Quote from FSU:
SPX Pit traded at the CBOE European expiration based on morning settlement prices on expiration Friday. Wide quoted markets, tight inside markets. Orders may or may not be filled instantly, based on what type of order is quoted. Quotes are sent by one market maker only, but can be changed by broker representing an order, or an order entered into the electronic book.
SPXW (weekly SPX) quotes sent in by multiple market makers. If you see a quote, you can trade off of it instantly. Tight quoted markets. Expiration is in the afternoon. (On monthly expiration week there are no SPXW's)
SPXPM Traded on the C2, the CBOE's all electronic exchange. No pit. Quotes sent in by multiple market-makers. If you see a quote, you can be filled instantly. Tight quoted markets. Expires in the afternoon.
All three products are single listed and have a COB (complex order book) to facilitate electronic spread trading. All are cash settled.
Best bet is trading SPXPM or SPXW for most public customers.
Hi , late reply but i have a question re SPX : lets say i have a limit order to buy at the bid , can other traders trade at my bid ?
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