Tommo, get involved in Energy. It is a spread trader's wet dream. Quit competing with the masses. Zig when the rest of the room is zagging.
Tommo, you start making money on a consistent basis, and that firm will lever the piss out of you and give you the keys to the kingdom. Like, take 75% or you walk. Like, London Investment Bank next stop. Any prop firm will lever you to the hilt with THEIR capital if you are consistent. Honestly. Get out of rates. Please. PM me if you need to.
hey LondonKid, i used to do a bit of Canadian against US Treasuries, its one of a few spreads I look at. I try and have as many going as possible and cherry pick which one is looking best
Totally agree with the sentiment, but unless there's been a recent change, ICE Euribor does prioritize first-at-level orders. ALGORITHM Central order book applies a gradual time based pro-rata (GTBPR) matching algorithm with priority given to the first order at the best price subject to a minimum order size (collar) and limited to a maximum order size (cap).
The cross-country inter market stuff can go really bad and without much warning. Even looking at the swap rates isn't much solice. Just saying.
Personally, and this is just me and my own money... I won't consider an inter market spread that doesn't show north of 93% positive correlation 2 years OTR, and I have to look at the order books side-by-side for at least a couple months and check for non-sensical lags and cointegration. My 2 cents and just my own OCD complex about cross country spreads.