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It's wrong. The bid/ask dissemination is frequently not reflective of
real life. The spread on the big contract is less than on the mini. On
BMI, use the last sale and understand you're probably within 0.10 either
way.
Allan
_______________________________________________________
Troy Kelley wrote:
>
> 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
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