SPY - Single stock futures

hi,

Anybody trades SPY single stock future here. I see it has a multiplier of 1000 , means change of one point in SPY stock equal to $1000 on one single stock future contract of SPY.
I see generally a slippage of 5 cents during RTH which is $50.

Thanks for any reply.

 

I've dabbled in the DIA SSF, but not recently.

 

Why trade SPY instead of ES?

 

what does "RTH" stand for?

 

RTH - Regular trading hours

 

For the people who are more comfortable with stocks...

 

It's cheaper comms. if you predominantly add liquidity.

1 ES = $4-$5 per roundturn.

500 SPY = .0035 (IB unbundled rate) - .002 (Add Liquidity) = .0015*500*2 (round trip) = $1.50 per round trun.

 

Sorry I phrased that wrong. What I meant to say is why trade futures on the SPY instead of ES?