Hi guys. I pretty much just day trade the YM, sometimes the ES/NQ. When ever the CBOT went down while in a trade, I could protect myself by hedging in the ES etc. Soon the YM will be on Globex. Any ideas on a good electronic hedging instrument for the YM when Globex goes down? Something electronic? It's tough calling brokers for pit trades when everyone else is doing it. I was thinking DIA, but wanted to avoid a new 25k account just for the time when Globex goes down. Maybe Forex? Any thoughts?
Forex You can hedge with Russell 1000 futures on ICE. Russell futures trade at $10 a tick instead of YMs $5 so if you trade one lots at a time it wont really work..
Check out this video. I think Bear did it. Catastrophic exchange crash! How to handle this. How to hedge your open positions: http://puretick.com/video/hedge/
Businessman, I'll check that out on the ICE, thanks. Proximo, I mentioned DIA, but didn't want another 25k account just for insurance, if there was something better. Spectra, that's the old way, when the CBOT was separate from CME.