|
PureBytes Links
Trading Reference Links
|
Gary,
SF,EU,BP,JY mostly. Other stuff in small size. I would also ease into the
market when possible (ie 100 cars every 10 mins all night), but if a market
is getting away, you need to get things done faster. Globex has an
agreement with someone like Man or Carr(i don't remember who) and they
provide liquidity for larger orders on globex. Call you broker, tell him to
do an RFQ for 1000 whatever and you will see a 2 sided price for 1000 hit
your globex screen, then tell your broker to deal. So if you are ever
wondering where the market is, do an RFQ for a couple hundred. I don't know
as you can get an RFQ in stock, because they have nothing to lay it off
against. I am a big fan of Globex.
Mike
-----Original Message-----
From: Gary Fritz [mailto:fritz@xxxxxxxx]
Sent: Tuesday, March 12, 2002 9:43 AM
To: Michael E Songer
Subject: RE: Trading on the Globex Market
> There is a lot of liquidity in globex. You may not see it on the
> screen but it is there if you need it. I used to do 10,000 cars or
> more in an evening in 500, 1000, 2000 increments.
I'm curious -- in what market were you swinging 1-2000 cars at a
whack?
We trade 3-400 ES's and NQ's at a time, but we generally drop them in
increments of 100 or so. The market could definitely absorb our 400-
car orders, but we like to manage our entries/exits a bit and not put
too big an order on one tick.
> However, you need to watch the cash because trading may be thin on
> the machine. if you need to do size, tell your broker to do a
> "Request for Quote" (a button on the terminal) and the Globex guys
> will come back with a respectable price. I have had much better
> luck on Globex than EFP's. Mike
So you were calling a broker with a Globex terminal? We run
X_trader, which is almost like having a Globex terminal on your desk.
It shows the book for 5 ticks on either side of the market, which I
believe is all the CME sends out.
> PS. What is a TS system?
A mechanical trading system in Tradestation (TS). This *is* the
Omega list. :-)
Gary
|