Does the ES contract have market makers?

Discussion in 'Index Futures' started by rida07, Nov 17, 2008.

  1. rida07

    rida07

    Does the CME provide big trading firms with a title of market maker?

    Trying to understand who gets to see the full depth of orders. Who fills my stop loss order when it is touches the level for 1 second and bounces back?

    Any insights are greatly appreciated.
     
  2. The top of the queue fills your order and everyone elses.
     
  3. rida07

    rida07

    That makes sense. Thanks.

    Would still appreciate any color as to whether there are firms/traders out there with the full market depth (beyond the typical 10 that we see) as well as the position of the stops.
     
  4. Surdo

    Surdo

    What platform are you using to view 10 levels in ES?
     
  5. rida07

    rida07

    Re 10 levels - I mean 5 above and 5 below
     
  6. For 5 million I can let you see all the orders down to 1 point bid.

    That level will be hit soon.