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Tom, not having traded in the pits, I'm not sure what you mean by "print."
Could you elaborate on that term?
I use the tick count as a surrogate for volume. I know it's not really
a very good measure of actual contract volume, but it's supposedly a
measure of activity. And after all, it's the only "volume" we have
access to during the trading day.
Cheers,
Jim
"Tom Rehberger" <trehberger@xxxxxxxxxx> asks:
>
>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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