On Friday bonds sold off after the pit close forming a doji pattern on daily charts but IB tws charts as well as barcharts.com went back and used the prior pit close making the chart look more bullish. What chart services, apart from cqg, has both pit and globex close charts?
Any end of day datafeeds that use the globex close instead of the settlement for 30 year tbond futures or have another symbol for pit and globex?
It was actually a shooting star not a doji. CSI have the correct data. Symbol ZB. Reuters datalink is also incorrect on globex symbol 1us.
I have asked premium data/norgate and pinnacle data to consider using the different settlement and close figures on two symbols even after the pit closes on 2nd July as the settlement time will still be 2pm and the close 4pm cst. I confirmed this with the CME settlements department today.
Not sure what you mean by the "correct" globex close since most data providers are set up to report the "settle" per the exchange standards. Calling the data "incorrect" is misleading and inaccurate. Additionally, speaking for XENITH (Realtime data) you can certainly change the data field to report the "Last" instead of the "Settle" price. With DataLink (End-of-Day) this is not possible.
I would put absolutely no credence in what happens in the "pits". The volume and order flows are miniscule as compared to the screen. The floor is still there essentially to accommodate the visitor tours - it's an outdated romantic perception and server farms are just plain boring. The pit close is meaningless in terms of statistically relevant data. Furthermore, there is a considerable cash market and OTC swaps market in the Treasuries as well. In fact, if you look at the pits these days, they are all constantly watching the screens and pricing what few bids and offers that make it to the pit against the screen. As was mentioned earlier, "correct" is whatever the exchange chooses to settle at per their procedures. It's basically a consistent mark - as markets trade 23 hours per day.