Why are all the smaller traders punished for a fuck up by a large fund? If someone made a mistake at the fund, that is their own damn problem, right? Seems like you can't win in this game. It sounds very unethical as well. Why would they open the market and then bust the original trades afterwards? Why can't we just get to a purely non-screwed around with free electronic market? That's bullshit for all of you guys. I'm sorry.
you might think that's better than bonds, but the margin on the ZB bond at IB is only about 1500.00, how much COCO could you have got w/1500.00? so you could have made 1000.00 w/only 1500.00 of you capital invested per contract, imagine if you have 5 or 10 contracts at on 1500 each? the COCO move doesn't come close to that.
no, about 250k contracts today, a litte less than what the NQ does, ZN had a volume around 720k contracts
The more and more time that I spend on this website, the more I am convinced that there are a lot of very ignorant traders on here that have no idea what they are talking about: "I'm still long half my COCO bought in the 52s - it's now trading 56.90. Let me know next time the T-bond moves 4 points in one day" As "blb078" so eloquently states in his previous post, the amount of capital needed to produce the gain in COCO vs what you would have made with one bond contract in today's t-bond range is NOT EVEN CLOSE!
Then stop answering question from ignorant traders, I have no idea why you keep answering their question ??
Your comment refers to CME and Eurux never busting trades, I do however remember a debacle in the CBOT mini dow about 6 months ago. Remember this -- if you roll the dice when something is that far out of whack, your gambling not trading. I feel for everyone that got f****ed on that. But beware, its happened before, and it will most assuredly happen again. If any of us have learned anything as traders, its that the unexpected CAN and WILL happen.