When, after a long time, I today looked over volume figures for Globex, the thing formerly known as CBoT and ETFs, I was shocked: Did everybody realize, that alone on the Spiders, todays volume equalled ~850.000 ES contracts ! If you count in all the other short, triple and quadruple shit, volume (delta) traded will probably mount up into ES trading dimensions. This also applies to other products, like bonds or commodities. While futures are far superior from the point of product design, it appears ETFs will win the game. Many guys seem to do what I'v done long ago: leave pits/colo facilities and go back to retail type trading. Thoughts?