SPY - Single stock futures

Discussion in 'Trading' started by ganesh6, Apr 9, 2008.

  1. ganesh6



    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.
  2. Lucrum


    I've dabbled in the DIA SSF, but not recently.
  3. ssbc19


    Why trade SPY instead of ES?
  4. what does "RTH" stand for?
  5. ganesh6


    RTH - Regular trading hours
  6. ganesh6


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

  7. 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.
  8. ssbc19


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