Members have no advantage over others in terms of what they see on the screen. That is why depending on how much size you trade it may not make...
In the interest rate complex, the pro-rata algorithm is only applied to the Fed fund futures, Swaps, and Munis, while the price/time priority...
Yes, I remember reading something about Project A using both and I believe it used some type of notice for the participant as to where he was in...
Those are time and sales for the reduced tick spread, because it is rollover. The 6000 is being executed in the quarter tick spread, not the...
Haven't heard anything about this. The Fed funds and all calendar spreads are on pro-rata right now. This works in the short end markets because...
Rufus, Yes, my brothers group does the same thing (not DRW, a much smaller group), their theo engines compute fair value and the trader...
Yes, most of these groups trade the basis. My brother works for a big basis group in Chicago and they are essentially automated with the trader...
March is officially top-step on Wednesday of this week, but you can easily roll your position before that, if you are long, can probably even wait...
Exactly what nazzdack said, also knowing what a few of the biggest funds are doing (Pimco, Citadel, one of the Goldman house accounts, and a few...
Some of the biggest curve locals are NOB traders. It is usually traded on a 1.66 to 1 weighting ten years to the bond. I have never really...
Most two year locals on the floor trade the TUF (2yr vs. 5yr) extensively. It is usually weighted one to one, sometimes just barely a few more...
Tough to say if anything will stand in the way of curve inverting in next couple of weeks. 2-10 year in cash right now is at 9 basis points. Big...
Gonna be tough to get these things to trade higher today. Goldman has sold 7500 five years, Lehman has sold 6000, EDF Man has sold 4000, across...
Just from reading bloomberg.com and hearing some daily flows from some big funds out east there are still some guys looking for value. It seems...
I tend to agree with the Goldman moves, but it depends if its customer trades or prop traders. More often than not when the prop guys are active...
Again primary dealers taking down a sizable amount of the two-year auction, about $11.6 billion, so more than half of the auction. Maybe they are...
Indirect bidders only took down 23%, compared to more than 50% last time I believe, so primary dealers got stuck with a bunch of TIPS, maybe sold...
Almost 40,000 traded between 03.5 and 01.5 in the ten year over about an hour before the auction, at first I think I saw Hardy's pit guy say he...
CBOT members could have either sold at the Initial Public Offering price of $54 or have to wait six months before they can sell any stock. CBOT...
What are you talking about? I believe the CBOT trades a product called the US Treasuries. These trade several million contracts a day and with...
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