Hello, I think it's the same thing. 6.95-6.70 is the way IB quotes the spreads for eurodollar (single digits and decimal), but I've seen the quotes also in double digits (69.59-67.00). Hope that clarifies it!
I follow Dow Jones and MNI via my broker - and Dow Jones is far the fastest of those two news service agencies. But MNI has a lot of good stuff - for forex traders. I don't use Reuters.
Does IB offer ED spreads as traded on Globex? I can't find any info at IB's site and doing TWS -> Add Symbol -> GE -> FutSprd gives an error.
found an interesting site for those with a long term view of interest rate futures www.bondheads.com (actually Gold Trade put me on to this. Anyone interested in long term spreads would be well advised to read his posts)
ER - i guess markets are always going to be thin before a long holiday - ripe for manipulation and other odd behaviour. I usually stay out. i think u will get odd manouvers during the day as traders in the outrights run stops etc - this gives a false impression of the 'real' spread if u have a longer term time horizon. tradinglfe would be in a better position to answer this though cos I dont trade this intraday much.
Hi fspeculator, Yes, IB quotes ED spreads. In order to set one up, enter GE in a ticker line, and choose COMB--> GLOBEX. You can then enter the legs of the spread (it's only set up for intracommodity calendar spreads at this point). Hope this helps!
what Bloggs says does tend to be true...in the outright ED months, the end of the day tends to provide an opportunity to look for stops...this does sometimes throw the spreads out of whack for a while on relatively small volume...if you look at market profile(or other charting software so take it easy!)...the last few letters or half hour periods in the trading day have something in common in the short end...they tend to break out...it used to hold for euribor until nobody gave a crap anymore, and I see it holding usually in the ED months now...this may explain day end fluctuations in the spread...
take a look at the post I made on page 32 of this thread...the comments come from sle who works at a big shop that trades ED...this probably explains end of day fluctuations...and as I said above, probably explains the end of day breakouts as some shops scramble to match positions before the liquidity vanishes completely before the close...
not totally relevant but......i worked in the back month EDs for a while and a trick a local would use. (one that had accumulated a large position) in the last few minutes of trading this person would give a broker an order for 10 or 20 cars and depending would either offer or bid the sh*t out of a certain month just to get a high or low print in the closing range. then they always had an argument for settlement prices. illegal? i dont know? the broker would just go nuts and give some local a small gift just to get the print. the local also wanted to get the print in so the trade was good. i dont think this always worked but sometimes it did. especially if you had a little bit of pull in the pit. jim
interesting...no doubt this still occurs and in fact you can kind of see it happen sometimes on the screen aswell... as an aside...it seems Barclays was selling big Mar06 volume throughout the day and then was on the bid in Dec05 at the end of the day after our little Fed Minutes meltdown...