Size on the Bid/Ask for ETFs

Hey ETF Traders,


I have never traded the ETFs, but I am curious about the typical (average) amount of size that you see on the bid/ask at any given time. How many shares do you feel comfortable trading without worrying too much about slippage? I am particularly interested in what you see on the SPYs, Diamonds, and QQQs.


Thanks!

 

I can honestly say you can feel comfortable trading BIG size in the SPY or Cubes. I have one customer who trades 100k share blocks daily and 90% of the time when he lifts the offer or hits the bid gets one price. Is that liquid enough for you?

 

With these three (DIA, SPY, QQQ) the size is not problem. They are super-liquid ETFs.

 

100k shares on the bid or ask?! At any given time (price)? Having never traded ETFs before, I was guessing that getting off 10k on the bid/ask would be about the maximum amount you could trade without incurring slippage. If you can trade 100k blocks with that kind of ease then I guess the DIAs, SPYs, and QQQs are indeed super-liquid.

 

Uh-oh......................


I'm afraid we have awaken a sleeping giant........:eek: :eek:


Vega

I know it's bad, but I just couldn't pass it up..............

 

Ha Ha Vega!