|
PureBytes Links
Trading Reference Links
|
Chris, when is rollover day in the bonds?Chris Cheatham <nchrisc@xxxxxxxxxx> wrote:
A word to the wise for IB bond traders....in a total bonehead move, today IBshut down entering positions in the sep contract while it was still the mostactive. Here's an email I sent to Don at IB tech support. Any bond tradersthere should beware near rollover day.ChrisI am writing about your policy of shutting off entry into contracts that arenear expiration. As a concept, this is fine. However you have to get thedates right. In bonds today you did not. At some point you cut off tradingin the sep contract while it was still the most active contract. I have noproblem if you have a policy such as this. But you must not restict tradingin the top step, active contract too early. If you look at a chart of zb u3vs. zb z3 for today 8-26 it is plain to see that there is little activity inthe dec contract, even late in the day. As I write
this, the bid ask spreadfor the dec contract is two ticks, vs one tick for the sep contract. So Ican't trade bonds in the post-pit session today without paying twice thenormal bid-ask. This isn't right. The policy is a good idea, but you have toexecute it properly. Done at the close of rollover day, I am sure all wouldwelcome it. I did not suffer a loss over this, but it is important that yourealize the mistake that was made. I am sure that you will hear from othersas well.------------------------ Yahoo! Groups Sponsor ---------------------~-->Buy Ink Cartridges or Refill Kits for Your HP, Epson, Canon or LexmarkPrinter at Myinks.com. Free s/h on orders $50 or more to the US & Canada. http://www.c1tracking.com/l.asp?cid=5511http://us.click.yahoo.com/l.m7sD/LIdGAA/qnsNAA/zMEolB/TM---------------------------------------------------------------------~->To unsubscribe from this group, send an email
to:realtraders-unsubscribe@xxxxxxxxxxxxxxxYour use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
Yahoo! Groups Sponsor
ADVERTISEMENT
To unsubscribe from this group, send an email to:
realtraders-unsubscribe@xxxxxxxxxxxxxxx
Your use of Yahoo! Groups is subject to the Yahoo! Terms of Service.
|