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FUT: Spread btwn bid and ask on Big S&P

  • To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
  • Subject: FUT: Spread btwn bid and ask on Big S&P
  • From: Troy Kelley <tkelley@xxxxxxx>
  • Date: Wed, 4 Feb 1998 10:18:18 -0800 (PST)
  • In-reply-to: <199802030003.QAA26827@xxxxxxxxxxxxx>

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I have been doing some paper trading on the mini and the big S&P.. I was
surprised to notice that the spread between the bid and ask on the big
contract seems to be much larger than on the mini. Is this right .. ??
perhaps I have my symbols wrong.???

My current quotes right now are:

S&P mini (ES8H - march contract (BMI symbol))

Ask 1009.50
Bid 1009.25


S&P contract (SP8H - march contract (BMI symbol))

Ask 1007.90
Bid 1009.4


That is a HUGE difference. THe mini seems to go around a quarter point
and the big contract around 4/5ths of a point, in this case, it is even
larger than that.  How do you S&P traders put up with such a spread!!???

I juist glanced at the quotes again ...SP8H.. 1007.9 to 1010.2.. that is
2 points!!! something must be wrong here..

Troy