Hello and good day for all, this is my first post here.
I'm bit confused, but when trading futures (or anything), and someone enters a really big buy or sell order, say, 23,000 contracts of US Treasury bond futures, what happens to the quoted price? I assume the trader will not get a complete fill immediately, and the price moves away and some sort of an "impact cost" incurs? Are there any big players trading amounts like that intraday?
The thing that confuses me is that I read about some guy, Paul Rotter, who trades/traded Bund futures with big volume, and I understood he sort of "flipped" his position, what exactly did he do? Did his actions have an impact to the Bund's price?
I hope I don't sound totally stupid.
edit: to summarise my thoughts, I'm just trying to ask how big volume is it possible to trade intraday? Or are the intraday traders restricted to smaller sizes?
I'm bit confused, but when trading futures (or anything), and someone enters a really big buy or sell order, say, 23,000 contracts of US Treasury bond futures, what happens to the quoted price? I assume the trader will not get a complete fill immediately, and the price moves away and some sort of an "impact cost" incurs? Are there any big players trading amounts like that intraday?
The thing that confuses me is that I read about some guy, Paul Rotter, who trades/traded Bund futures with big volume, and I understood he sort of "flipped" his position, what exactly did he do? Did his actions have an impact to the Bund's price?
I hope I don't sound totally stupid.
edit: to summarise my thoughts, I'm just trying to ask how big volume is it possible to trade intraday? Or are the intraday traders restricted to smaller sizes?
Last edited:
