|
PureBytes Links
Trading Reference Links
|
Jim,
I see, I did'nt know that people used the tick volume. The locals call a
print the price on the board. See we print the price, kind of a way to tell
the world what you are doing. During busy periods or slow periods peoplw
sometimes forget to shout out trades for the pit reporters. they try to
folow along but dont catch them all. The brokers in the pit expect the local
to print the price as they are always busy and its a tradition. The brokers
are most worried about prints as they can get hung if they miss a trade. Big
locals try to hang brokers if they are mad at them sot the relationships all
stay even.
Tom
PMB
-----Original Message-----
From: Jim Osborn <jimo@xxxxxxxxxx>
To: omega-list@xxxxxxxxxx <omega-list@xxxxxxxxxx>; trehberger@xxxxxxxxxx
<trehberger@xxxxxxxxxx>
Date: Friday, September 11, 1998 4:25 PM
Subject: Re: S&P Tick Counts
>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
>>
|