Anyone here trade YM? How does it compare to ES for liquidity? CHICAGO, January 16, 2004âThe Chicago Board of Trade (CBOT®) today announced that a new daily volume record was set for mini-sized DowSM Jones futures with 91,831 contracts traded January 15, 2004, breaking the previous record of 79,479 contracts traded on January 13, 2004. CBOT President/CEO Bernard W. Dan said, âSetting two records in the same week is testimonial to the superior functionality of the CBOTâs new electronic trading platform. Our market users are recognizing and benefiting from the systemâs speed, functionality and flexibility. Simultaneously, hedgers and speculators are taking advantage of cost savings as a result of capital, margin and operational efficiencies delivered by the Common Clearing Link (CCL) with the Chicago Mercantile Exchange. We know we have a winning combination that is readily apparent to the trading community.â Electronically traded mini-sized Gold futures also established a new volume record of 3,962 contracts traded on January 15, 2004, breaking the previous record of 2,648 contracts traded on January 7, 2004.
Have they implemented any anti-stop-cascading execution logic or at least some limitation on the total net position so that someone can't 'accidentally' clear the book and trigger a death spike?
You are talking about their new platform, correct? CBOT sales pitch of their new trading platform here here: http://www.cbot.com/cbot/pub/page/0,3181,1084,00.html
Though this is a digression from the thread topic, does anyone know why agricultural products aren't traded on the electronic market during normal market hours. I would've figured that they would at least trade the mini agricultural products with the new ecbot release.....are they just trying to keep some form of tradition?