Kermit recently pointed me to a couple free squawk box trials. I probably forgot to thank him, so thanks Kermit . Anyway, I've been listening to a demo at http://www.xsquawk.com/asx/spdemo.asx and have heard plenty of phrases that I do not understand. Here's a list of them: 5 even half 5 even 20 5 even 30 485 20 485 even 475 even bid 5 bid 5 even 20 5s are trading even 20 2 even 3 even 2 even bid cloe 42 bid cloe now 2 halfs are trading two halves at locals 2 even on 50 cloe Cloe getting hit The 50 line trade 2s are still trading on 2 even half 2 even half 2 half 80 2 half 80 2 even half 2 even 20 180 two even The first thing I noticed, is the guy never seems to say "quarter". Do S&P futures tick in half points in the pits? Secondly, I'm hoping that somebody could help me understand these comments. Some seem apparent (like "2 half 80" might mean 80 contracts (must be the big ones, not the minis if this is important) traded at xx2.5), but most are mysterious to me. "Cloe" means close, I think. But what "42 bid cloe" means is kinda strange. "Locals" might be "Low Close", meaning low since the close. Maybe. I dunno. Anyway, any help would be appreciated.