Fw: slippage on the big S&P contract?

["Joe" <jgb@xxxxxxxx>]

If the market is offered at 1268.50..........you will buy at 8.50. Thje real
issue is on stops. Under normal conditions, it is a .50 point market. .00
bid at .50 or .50 bid at .00 but a 1.00 market is not uncommon at all - .00
bid at 1.00 or 1.00 bid at 2.00. For the last several months most stops have
been filled within .50 points of ours stop price as long as the stops have
been on halfs and even numbers. For the most part, a stop at .20, .30 or .70
or .80 are generally treated as an even or half since that is the most
likely place the next print will occur.

Regards,

Joe
----- Original Message -----
From: RandyBrooks1
Newsgroups: misc.invest.futures
Sent: Wednesday, May 02, 2001 1:42 AM
Subject: slippage on the big S&P contract?


Hi:

I've only traded eminis and haven't had much problem with slippage.  Can
anyone
give me an idea of what kind of slippage to expect when trading the big
contract which isn't electronic?  Say the offer is 1268.50, and I put in a
market order to buy.  Where do you suspect I would get filled on average?
Maybe a half point higher?  I know it will always vary and can sometimes
work
to my advantage, but just curious what people think the average is.

Thanks a lot.