if talking about es you also have to consider other global markets have taken some volume as well as it's own mes ... oh and micro and mini dow, rut, bit, much other stuff.
The citadel's, virtus etc.. have built-in edges from the exchanges the market structure basically says we are allowing you to make almost risk free money for making liquid active markets all day
ok ok lets move on from the hft stuff yeah i know i started it but i also posted about 3d satellites being used to see the amount of oil being stored and pumped!! imagine this for grains lumber sugar all of the commodities
I can get you in touch with a company that actually does this, purportedly, every Monday over the Cushing fields. Although they claim to use a small aircraft. Want the info?
It was Genscape. Now it's called Wood-Mackenzie. https://www.woodmac.com/research/products/oils-refining-ngls/cushing-crude-oil-storage-report/ Here's the info I have on file. ------------------------ J. Scott Furgiuele Sales Director – Oil 2245 Texas Dr, Suite 280, Sugar Land, TX 77479 Mobile: 713-412-4584 / Email:: sfurgiuele@genscape.com Skype: sfurgiuele / ICE Chat: sfurgiuele www.genscape.com