Block trades @ Globex

Discussion in 'Index Futures' started by ScalpGuy, Jun 8, 2007.

  1. ScalpGuy


    Can anobody explain how the trades are reported in globex in the following situation?

    June 8th, 2007, ER2@GLOBEX 9:18:16 there was a +2.5K trade while the market was very thin (both bid and ask depth only about 20-40 contracts, 5 levels combined).

    Just before the trade price was still quite stable. If someone hits the bid/ask with large order in this situation it must move the market also large. What am I missing?

    Or is is so, that it is possible to split the large order to the smaller parts and the trade will be reported only when the whole order is filled/executed?
  2. rosy2


    cme used to have something called LOX (large order execution). this was years ago, prior to globex, but there might be something like it today
  3. rcj


    More than likely, this was a prearranged trade. You would want to look at CME policy 539. CBOT has a similar policy.

    ... rj
  4. At least the guys used the "normal" way and not some "dark pool"-ECN...:D:D :D
  5. rdm239


    where did you see the trade? Does it say anything about the customer?