NQ DOM Impossible to Trade With - Now @10K the Tick Size Has to Change

Discussion in 'Index Futures' started by Expo, Jun 10, 2020.

  1. Overnight

    Overnight

    Pretty sure the DOM will only display your new tick value. That should make it easier for you trading on the DOM, since the DOM is what you see.
     
    #11     Jun 10, 2020
  2. Grantx

    Grantx

    Because its a business like any other. They won't take a hit on profits because something makes logical sense or to make retailers happy.
     
    #12     Jun 10, 2020
  3. Expo

    Expo

    Your "pretty sure" is "pretty wrong", because it will display less bid ask levels
    For example if you set 0.50 as tick value the DOM will display only 5 bid ask levels
    The other 5 will be hidden....
     
    #13     Jun 10, 2020
  4. hilmy83

    hilmy83

    You should ask for a "deadeye" feature on your platform. Let us know how it works out

     
    #14     Jun 10, 2020
    CALLumbus likes this.
  5. southall

    southall

    Some tick size to value ratios

    YM 1:27000
    NQ 1:40000
    DAX 1:25000
    ES 1:12800

    Based on this the NQ tick is the tightest of the lot.

    Objectively NQ tick-size should probably be increased to 0.5.

    Problem is every time they make changes to a contract spec it has unknown and unintended consequences and also annoys the hell out of many of the existing traders.
     
    #15     Jun 10, 2020
  6. Overnight

    Overnight

    OMG, stop WHINING!
     
    #16     Jun 10, 2020
    Ace66 likes this.
  7. Sekiyo

    Sekiyo

    Enhancements to 3-Year Treasury Note futures
    Effective July 13, 2020
    • Reduced tick size: 1/8 of 1/32 for outrights and spreads
    Could be done for NQ.
     
    #17     Jun 10, 2020
  8. maxinger

    maxinger

    the problem with the many exchanges are making the tick size smaller and smaller and smaller.

    futures with 7 digits :
    NQ now at 10052.75

    they should change NQ to just 5 digits like 10053

    DAX from Eurex exchange has only 5 digits.
    dax now at 12530


    worst CME futures with 8 digits is
    jpy futures now at 0.0093550


    There are some trading platforms that allow you to adjust the tick size
    to make it coarser.

    are there any trading platform that allows you to adjust CME products tick size ?
     
    Last edited: Jun 10, 2020
    #18     Jun 10, 2020
  9. Overnight

    Overnight

    It could be, but why does it need to be done? Why? Just because it is printing 10,000? Ludicrous.
     
    #19     Jun 10, 2020
    Sekiyo likes this.
  10. Sekiyo

    Sekiyo

    I agree.
    Price has nothing to do with contract specification.
     
    Last edited: Jun 10, 2020
    #20     Jun 10, 2020