Whenever one person has an effective monopoly on anything, you always get worse service and worse price than if there is competition. This is...
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How would I take an immediate loss if I were in the pit and jumped in front of the bid (900) and then joined the offer(900.20)???? Wallmart?...
You guys are cutting into my dinner plans The ES prints faster Time and Sales than the pit SP and it makes moves usually before the SP. Next...
Its called COMPETITION. That is why you jump in front and make a tighter market. That is why Wallmart cuts their prices so they are less than...
What thesis are you referring to? If you mean that if the Emini trades in .10 increments that the spread will narrow - there is no way it can be...
Perhaps what is needed here is a precise definition of "price discovery". Here are some definitions I found on the web: The name given to the...
Now this is the difference between the pit and the electronic market. In the pit, everyone can see what the other pit traders are doing. If you...
The poll is meaningless. You can just delete your cookie and vote again, as you can on all internet polls.
Baloney! Price discovery is not open interest, its short term current price. Its something the pit with its structural time lag can never match.
I think the subject of S&P500 futures price discovery deserves its own thread. Below is a quote from another thread from jaming5002, an S&P clerk...
Nitro, you comments are illogical. Its like saying - hey if you don't like paying $40 futures commissions go trade the SPY with $4 commissions....
Because a wider tick means a wider spread which takes money out of the pocket of every Emini trader who is not trading from a Globex terminal....
Arb volume should be a wash. If you take out the arb dollar volume from the Emini dollar volume, you also have to take it out of the SP which is...
If you have a Globex terminal/CME membership you can do that. But if you don't its like trying to buy at the bid and sell at the ask in the Nasdaq...
If the pit contract has a .10 tick increment and has a spread that varies according to market demand - then why can't the Emini have a tick...
Is this the reason why you want a wide tick increment in the Emini? I'm all for stronger intraday moves but IMHO a wider Emini tick is not...
If having a .10 tick increment on the pit contract doesn't hurt liquidity there, why would having a .10 tick increment on the Emini hurt it?...
I'm just reporting what I was told by a financial guy at this particular firm. He didn't have any reason to lie. It wasn't him doing the...
Though PDT doesn't affect me, the new SEC heads name is William H. Donaldson. A word about process - the SEC chief doesn't actually read your...
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