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londonkid
Registered: Jun 2011
Posts: 149 |
10-23-12 02:23 PM
Hi
I am enjoying trading the eurostoxx50, looking for 4 tick winners and max 3 tick losers, got a small but good edge.
I am thinking of trying a similar strategy on an exchange traded spread contract in the hope that I can find a larger edge that I can exploit. I am thinking exchange traded spreads as I am fee sensitive I need RT costs below 15% of the tick size and also as I am tight I dont like to pay for autospreader software.
Has anyone got any pointers on which exchange traded spreads are the most active (a quick search yielded nothing), what are the best options treasuries/commod/equity indices.
Thanks in advance.
London
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bone
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Registered: Apr 2002
Posts: 4327 |
10-23-12 03:36 PM
Quote from londonkid:
I am thinking exchange traded spreads as I am fee sensitive I need RT costs below 15% of the tick size and also as I am tight I dont like to pay for autospreader software.
RT costs below 15% of a single tic size ( smallest increment ) will be impossible unless you are getting member rates. For a long time I leased a Nymex seat for about $1200 per month - and I used to scalp around a much larger longer term position. For exchange traded spreads, an AutoSpreader is not required. If you are paying non-member rates, scalping spreads for pips is not really terribly cost effective unless you are going to get involved with the really volatile species like the Nymex Crack Spreads or Cotton Calendar Spreads.
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londonkid
Registered: Jun 2011
Posts: 149 |
10-23-12 05:03 PM
Quote from bone:
RT costs below 15% of a single tic size ( smallest increment ) will be impossible unless you are getting member rates. For a long time I leased a Nymex seat for about $1200 per month - and I used to scalp around a much larger longer term position. For exchange traded spreads, an AutoSpreader is not required. If you are paying non-member rates, scalping spreads for pips is not really terribly cost effective unless you are going to get involved with the really volatile species like the Nymex Crack Spreads or Cotton Calendar Spreads.
yes I know that but the good people tell me I can lease a seat at the CME for $300pm, eurex costs are much lower for smaller volumes. I know I dont need an autospreader.
I am really looking for advice on what instruments to look at.
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bone
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Registered: Apr 2002
Posts: 4327 |
10-25-12 12:04 AM
Quote from londonkid:
you mean I am going to have to do the research myself, damn you elite trader, come on Bone, throw me a Bone.
You are baiting me into serious trouble with my paying clients !
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Spread, Relative Value, and Correlation Trading Instruction from a Professional Trader. The only thing that matters are Clients making money IN LIVE MARKETS. Why not interview my clients for yourself on an independent basis. My typical client is an outright directional trader looking to pick up an industry-recognized specialty technique. http://www.spreadprofessor.com
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londonkid
Registered: Jun 2011
Posts: 149 |
10-25-12 12:12 AM
Quote from bone:
You are baiting me into serious trouble with my paying clients !
lolol yeah sorry about that. I know how to construct an edge and manage risk, execute blah blah blah I am just looking for some resource with a list of the most popular exchange traded spreads by volume. prefer London hours naturally but could stretch to US hours if necessary.
Would love to give the stoxx / Daxx spread a go but dont want to get into autospreaders and the like, with raging costs.
isn't there some huge volume treasury spread that I can take a look at.
thanks
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