Discussion in 'Retail Brokers' started by plan, Jun 5, 2009.
Can someone tell me what symbol IB uses to watch spot crude? (running, not next month)
Come on guys, I get faster service from IB chat
Found it QM ...
the symbol is CL and the spot month is the front month for all futures, if I am not mistaken. I had the same question when I started and nobody could give me an answer.
The front month is also the most liquid contract available in almost all cases. (+/- 94%)
QM is the MiNY Crude contract 500 barrels...
So when they say crude is at $70, is that QM or CL?
None, it's the spot. QM and CL are futures.
Thanks, so what's the symbol for tracking the spot price?
I never used it.
There are many oil spot index:
but I think the main one is WTI, so the symbol is WTI and select index in the list.
That's great, thank you.
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