The exchange already makes money on transaction fees, so a fixed spread between the bid and ask is only justified if there is a liquidity provider...
Yea. They called it club 3000 because all the systems for sale seemed to be priced at $3000. Back before forums. What ever happened to Rick...
The RUT tick is .10 vs .05 for the pit. ES tick is .25 vs. .10 for pit. The tick differential is wider for the ES/SP and the SP pit has...
YM's biggest problem is lack of native stop limit orders. As a result you can get massive slippage on breakouts. Not very friendly for swing or...
I meant margin was the same regardless of tick size, not that margin on the big contact was the same as the ES. The mini-dow doesn't have...
CME Logic Here is a comparison of three CME index products. I wonder, do they use a Weejee board to come up with these tick sizes or are they...
I don't see how setting the tick at $12.50 makes the ES trade like a contract 1/2 the size or how this is an advantage or even relevant. Margin...
I'll grant you that there is an optimal tick size and too small a tick may not be the answer. Bear in mind however, that the pit contract for the...
Ha, funny. Then why is the tick size for the pit set at .10?
If they reduced the tick size it would probably increase the amount of contracts traded. This would increase CME profits as most of their...
:D The priority for change at the CME is as follows, in this order: 1.) Profits for the company. 2.) Satisfying political demands of pit...
When the CME came out with the E-mini ES contract, the pit was against it. So the management threw the pit a bone making the ES contract with a...
The tick increment is artificially set too wide on the ES, so you can say that you experience slippage on every trade. E.G. - the ES tick is...
Is this for a swing/multiday trade?
I wonder how long it will be before the CME is sued for unequal treatment of shareholders. A publicly traded company like the Chicago...
ES is used for price discovery - SP follows. Not only is the pit a useless appendage but it is actually an inhibitor of true price movement for...
Think of "the floor" as a feather bedding union and then it all makes sense. Sort of like the electricians union at the McCormack Place that bans...
No native stop limit orders - anyone who enters or exits based on a breakout gets ripped-off with massive slippage. As a result, the longer term...
The CBOT YM didn't used to allow stop limit orders which meant slippage on any breakout trade. I don't know if this is still true, but I did not...
You are correct. The asians in S. Cal. I met were all nice people, model citizens and law abiding. That being said, California might end up...
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