DAX 750 contracts instant trade

Discussion in 'Index Futures' started by RedDuke, Mar 16, 2006.

  1. RedDuke


    I have seen something strange few days ago on DAX. I use e-signal for my charting and suddenly there was a trade of 750 contracts. Usually, they come as 1, 5, 20, 50 in time and sales window. I thought the market is going to move sharply on such large order, but nothing happened. Any ideas, how this trade could have taken place? I though DAX is not deep enough to instantly fill 750 contracts without even "blinking"

  2. KS96


    Probably a block-trade.
    It didn't go through the normal market,
    and didn't happen when you saw it.
  3. RedDuke


    How did it happen then, if it did not go through normal market? Is there some special privileges for large size traders/eurex members?
  4. esmjb


    expiration week always has huge "crosses".
  5. KS96


    Check the Eurex website for more information on block-trades.
    I am not watching DAX, but they happen all the time
    on other Eurex products, e.g. ESTX50.
    Usually they happen directly between 2 big parties
    and reported later when the market reaches the
    price where the blocktrade took place.
    It's not a special privilige. In principle, you could do them
    also if you trade this size.

    Just ignore them. Datafeeds which report those
    mess up with your volume patterns. One of my two feeds reports
    them, the other doesn't, so I can tell what to ignore.
  6. RedDuke



    Thanks for this info. I was stunned when I saw it. What you said makes sense.