Micro yield futures are quoted 4-6 ticks wide, unless you're talking about the tens. VEGAS is actually right. I was looking for exposure to the long bond with controllable fucking risk, and the micro just doesn't deliver. You can make it work with rate spreads, but even then the risks are crazy. Started using TLT as a proxy to trade the back of the curve, but there are leveraged ETF that do it better, e.g. TMF.
3.851-bid 3.853-ask just now. Anyway micro yield futures aren't the the only micro futures. In fact they represent, my guess, about 1% of the total volume. So no Vegasdesert is not right.
No I don't. MES tick is $1.25 almost equivalent to comish/fees But I don't trade for 1, 2, 3 ticks. I trade for points.
MES is good for swing trading and intraday swing trades, but less attractive for scalping due to the commission structure. 1 ES = 10 MES All in rates for ES = 2.04 All in rates for equivalent MES = 0.56 x 10 = 5,60 So, in comparison, the cost of trading MES is considerably higher. But unless you're scalping for ticks it's still worth your while in my book.
You're just wrong. The Nov contract is quoted wide AND thin, and Dec is even worse. Too lazy to derive equivalent notional for comps, but with 3X daily moves, there's enough juice in the shares to compete, easily. Only drawback is you can't trade outside of RTH and potentially messy hedging.
Again right now:- 3.853-bid 3.855-ask I can do this all day - regular RTH session. Of course Globex is different. The friggen contract trade 2 or 3 thousand a day. What do you expect? Again 10Y is not ES or NQ or YM or RTY or any number of commodities. Won't change your mind so let's move on. updated to 3.863 vs 3.865
Hi, Best to go directly to the exchange listing them which is CME. Below is the list of all symbols which you can input in tws: https://www.cmegroup.com/markets/microsuite.html#contact Currencies are less volatile then equities and oil.
Brokers love them because it brings "more people to the dance". Haters are mostly newbies that try to scalp for ticks. Otherwise commish are no biggie if you get points. Come on, 1 ES (micro point of $5) more than offsets R/T trading cost. 150-200% higher is nonsense way to look at it.