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Jim,
I was wondering what value the tick count has for anything. I traded in the
pit for about 8 years and the printed trades have nothing to do with actual
trades. Most guys never report trades unless its a new tick or a broker is
trying to print a price. What value has a print?
Tom
PMB
-----Original Message-----
From: Jim Osborn <jimo@xxxxxxxxxx>
To: omega-list@xxxxxxxxxx <omega-list@xxxxxxxxxx>
Date: Thursday, September 10, 1998 7:42 PM
Subject: Re: S&P Tick Counts
>Carroll Slemaker <cslemaker1@xxxxxxxx> wonders:
>>Is anyone else seeing such shockingly low tick counts as Richard and
>>I, or what???
>
>I'd noticed the day-session tick counts abnormally low, and wondered...
>The interesting point I also noticed was how many more ticks there
>were on some of the globex sessions than on the day sessions.
>
>Looking at tick counts for the 24-hour sessions, they seem about
>what I'd expect, 6-8K, and nearly 10K on 8.28. I just thought
>the volatility had scared off the little guys like me, that each
>of those ticks was representing a lot more contracts than formerly.
>
>So, what's the real story? Is BMI choking off the ticks somehow?
>
>Jim
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