realistic crude trading size

[crude_lover]

Realistically in crude what sort of size do you reckon you could get away with buying or selling all at one price. I dont mean the largest size you've seen go through i mean more like realistically what size can you get away with doing.

 

[alexander]

Realistically in crude what sort of size do you reckon you could get away with buying or selling all at one price. I dont mean the largest size you've seen go through i mean more like realistically what size can you get away with doing.

Nymex has a position limit of 20,000 contracts in any one/all months. I think you should be able to do 500 to 1,000 limit order with no problem.

Not my problem, I just do one contract and I add another one later if price goes my way. So far I had no problems getting a fill

Alex

 

[energy-samurai]

Some enormous orders go through the NYMEX every once in a while in the order of thousands of contracts, probably from oil companies or physical hedgers of one sort or another.

The volume and open interest on NYMEX crude is phenomenal, I don't think you'll have too many problems getting a fill.

 

[TWI]

I have often done 100lot clips in nymex crude in the afternoon without more than 1tick slip.

 

[charliechan]

i dont trade energies at the mo' but i know some heavy weights who work for vitoil in geneva. their view is that the order book consists of mostly iceberg orders so you may only see a few 10's in the book but you have no idea what is sitting behind that - what the real liquidity is.

 

[Directional]

I also know a guy who does algorithmic arbitrage in the oil markets, regularly doing 5% of the daily volume. He doesnt float any bids or offers, but if you posted some size, or swept a few prices to push the outright out of line against the calendars or the delivery curve, he would take all you could eat, literally. I've watched him do a few thousand in the space of half an hour.

 

[celtictrader]

He doesnt float any bids or offers,

what do you mean by the above ?

 

[Directional]

He doesnt float any bids or offers,

what do you mean by the above ?

I mean they are not generally market makers, but market takers

 

[celtictrader]

I mean they are not generally market makers, but market takers

with you . cheers

 

[Chartsky]

Yeah, it just depends on volume as it seems to change at various times throughout the day. When its really active, I've seen 100-lot or 200-lot orders go through with little or no slippage and then, when its dead, a 50-lot order causes 5-7 ticks slippage. But you can easily trade high volume on NYMEX most of the time.