Globex versus Pit

Discussion in 'Forex' started by kbehr, Feb 22, 2004.

  1. kbehr

    kbehr

    I am a new trader in the currency futures market (eu,sf,jy,cd) and I trade the Blobex via IB. I was told that there are additional opportunities in Pit trading currency futures that may not be present in the Globex.

    Since IB doesn't allow pit trading orders (cme), I went to OEC; however, the commission for pit currency futures is $12 rt versus $4.80 rt for Globex.

    Does anyone have trading experience with both the Pit currency futures and the Globex futures who can contrast them for me.

    Thanks for any responses.

    Ken:confused:
     
    #1     Feb 22, 2004
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  2. illiquid

    illiquid

    I don't see why anyone needs go through the pit unless one was scalping/arbing discrepancies -- globex futures seems as tight a market as us individuals will get.
     
    #2     Feb 23, 2004
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  3. kbehr

    kbehr

    Thanks for the reply.

    I was told that if I was able to trade either venue there would be more daily trading opportunities. Have you traded both?

    Ken
     
    #3     Feb 23, 2004
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