QM volume

its true that the spread is tighter on CL than on QM, but do you always have bids/asks on every cent increment on the CL?

Can anyone comment on day trading the CL and if slippage is an issue.

thanks

 

Itotrader,



Do you have a link for the CL volumes you mention ?
Cannot find them back on the Nymex
website.


Tatsimon,


Yes, you have always plenty of liquidity on each 1 cent increment for the CL

 

CL is the stuff to trade since september/october if you're looking for crude trading.

Volume has been increasing huge against QM.

In my experience there is not a problem with slippage placing up to 50-75-100 contracts per side on Jan wild days.

 

Is there any difference in speed of execution between CL and QM?

Thanks
OldTrader

 

WTF. Are you too into ping times and the such OT?

 

I just checked the CL and it looks like where the action is at. One thing, IB has much lower margin requirements for QM.

 

Anybody has a link to the daily volume of the CL , pit + electronic ?
couldn't find it back on the Nymex website

 

LOL! Not at all. Just satisfied with QM, but noticing the volume differential...wanting to know if I'm giving anything up if I trade CL over the screen.

OldTrader

 

CL is twice the size....1000 barrels.

OldTrader

 

Oldtrader,


the QM is more expensive to trade because of the higher spread
volume in QM is decreasing, volume in CL
electronic is increasing


the average spread for CL = 1.7 cent (minimum tick size 1 cent)
the average spread for QM = 3.4 cent(minimum tick size 2.5 cent)