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



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In a message dated 98-02-04 13:20:09 EST, tkelley@xxxxxxx writes:

> 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

             I think your problem is where you are getting the bid asked.   If
you are taking from BMI, than its garbage.  You will have to call the floor to
get true bid asked.

                      Pete