CME: The Mini Nasdaq is not so mini...!!

Discussion in 'Index Futures' started by Jankovic, Nov 23, 2017.

  1. Jankovic

    Jankovic

    I am not confusing nothing
    In short, the Mini Nasdaq has become too big.
    ICE did the right thing to split the contract value of the RTY (TF) to half value
    CME has to take the same decision, period

    Your "solution" to trade micros is offensive to my intelligence and to your intelligence...

    As regards the DAX....well there's the mini Dax that is 5 times smaller
     
    #11     Nov 24, 2017
  2. Millionaire

    Millionaire

    If you cant afford to trade NQ then trade QQQ instead, 100 shares is just 16K
     
    #12     Nov 24, 2017
    comagnum and VPhantom like this.
  3. Overnight

    Overnight

    Explain to me how you have $125,000 "exposure" on a single NQ contract, and how that might affect you?
     
    #13     Nov 24, 2017
  4. Overnight

    Overnight

    #14     Nov 24, 2017
  5. Handle123

    Handle123

    Learn to adapt, I had to. In the 90s' the big S&P500 was $500 a point, traded in nickels, needed $12,5k for margin and I traded 10-20 lots. Now to increase volume so those who are underfunded to come out of the woodwork they make ES at 1/10th the value of a point and increased tick size 5 times and have to trade 100/200 to be equal and fees cost more. You either learn to change or don't trade.
     
    #15     Nov 24, 2017
    VPhantom likes this.
  6. i960

    i960

    So change it to 2 different entry prices? If your strategy is so rigid that you can't change the contract count used I don't know what to offer to solve that brain damage.
     
    #16     Nov 24, 2017
  7. southall

    southall

    For the 6 months after the split the Russell 2000 futures were single listed only on the ICE.
    Volume did not double after the split, was up only 60% in my estimation during that time.
    If it increases when it moves over to CME exlusively, then we can assume it would have be even more liquid on CME had they kept the old multipler.
     
    #17     Nov 25, 2017
  8. SunTrader

    SunTrader

    LOL keep trading costs down. A tick covers costs. A friggen tick !!!!!!!!!!!

    Oh I forgot, split value it in half and then you need a whopping 2 ticks!!!!!!!!!!!!!
     
    #18     Nov 25, 2017
  9. southall

    southall

    Do you even trade?
    If a trader does 10 trades a day, at 10 lot size = $400 a day = 100K a year in commission costs.
    This is why it is essential for active traders to keep costs down.
     
    #19     Nov 25, 2017
    comagnum likes this.
  10. Overnight

    Overnight


    Well, put things into perspective here. If one is making 10 lot trades, assuming $4 RT per contract ($40 per position-life), then one should be making a lot more than $40 on that trade.

    Just how if it was one contract, they should be making a lot more than $4 on that trade.

    It all scales relative.

    Suntrader is correct. Even at $5 per tick, each contract's total expenses should be covered with 1 tick profit unless you have a really expensive broker.
     
    #20     Nov 25, 2017