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I have a question about the MIDAM charts and data. The data is so thin in a
lot of contracts that the chart is useless. Do you base your decisions on
the full sized contract and execute the trade in the MIDAM market?
~Alan
-----Original Message-----
From: cb <cpbow@xxxxxxxxxxxxx>
To: Brian <brian.meads@xxxxxxxxxx>
Cc: omega-list@xxxxxxxxxx <omega-list@xxxxxxxxxx>
Date: Sunday, February 21, 1999 11:55 AM
Subject: Re: Mid-Am questions
>Brian wrote:
>>
>> Does anyone have any comments on trading Mid-Am versions of the major
>> contracts ( TBonds, Soybeans, Japanese Yen etc.). I am looking to trade
>> Mid-Am because I have a relatively small account, but I am concerned
>> about liquidity and any price differences between Mid-Am contracts and
>> their big brothers on CBOT etc.
>>
>> Is it prudent to use EOD price data for CBOT TBonds in my Tradestation
>> system and take trading signals from this data and place orders in
>> Mid-Am TBonds?
>>
>
>I have traded many of the Midam contracts, even some of the less liquid
>ones in 100++ trades over 3 years.
>
>With almost no exception the fills have been very reasonable. Maybe a
>tic or two worse on mkt on open, altho it's sometimes hard to know what
>you would have gotten in the big mkt. 1-3 tics on stops, some of which
>I might have seen on the big contract anyway. Stops are reliably
>triggerred when they would be according to the big contract, and not
>triggered when they shouldn't. Limit orders are filled when expected;
>however the primary mkt. may need to trade a couple tics beyond your
>price to get a fill in the Midam.
>
>Prices in the Midam track the big contracts very closely. There might
>be a couple tic difference in the high or low. In the more illiquid
>ones the range may be smaller unless there was Midam trading activity.
>Thus it's better to do your analysis on the big contract's chart.
>
>Conrad Bowers
>
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