Yes, but only using fungible pit-traded contracts. For instance the pit traded $10 Dow Jones contract (DJ) can be used to effectively close positions in YM and/or DD. 2 YM = 1 DJ; 2 DD = 5 DJ. Remainder contracts can not be exited. So if you have say 5 YM, best you could do would be flatten 4 YM with 2 DJ. The remaining YM must be held. Of course DJ margin requirements are in affect for the transaction, usually til eod accounting at your clearing firm. All 3 contracts are fungible with one another, but only DJ is pit traded. So if ecbot is down YM and DD are not tradable.
If you've got that odd lot and you don't want to leave it exposed you might consider hedging it with an Emini SP since the indices tend to move together.
...or trade another fungible instrument such as ZB or ZN: there is always a floor trader willing to close your electronic position
I can only hope with the merger of the two exchanges they can get their act together. I can't understand how even on volume burst we can get freezes on the DOM and such. We do live in a first world country right?
You're right, I should have specified what instrument I was talking about; which was the $5 Dow. If you've got a 1 lot on the mini DOW the only thing I can think of to hedge that is take the opposite position with the Emini SP. It's not a perfect hedge obviously, but it should help. Again, if you're trading in lot multiples of 2 you can offset with the pit traded $10 DOW. Electronic Bond traders can close out with the pit Bond. Electronic Ag traders can obviously offset with the pit Agriculturals.
Down twice today WTF! What is the longest its ever gone down and what if it doesn't come back up before market close today.
sorry everyone, cbot has locked you inside and swallowed the key. i think we're going to have to start calling them 'cbot dips'