aparsienne
Newbie
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Just wondering if there was anyone to chat to about volatile spreads...
any questions you want to ask?
any questions you want to ask?
I'd make markets in them if they didn't threaten to fine me for showing orders all day!
Nothing wrong with that, I've never been warned for sticking offers in at 99.99 and do it quite regularly.
Now if you kept sending and pulling the offer every two seconds I could see them getting annoyed.
Did you ever get filled on one of those off market? Got any of those eurodollars a month ago or so on the fat finger?
I think LIFFE easily gets annoyed if you send too many messages in a short period of time to the exchange without getting a fill. I.e using an autospreader, working several bids and offers. Eurex and the others don't care about stuff like that.
Haven't had eurodollars - had plenty of crazy sterling fills though!
As for LIFFE getting annoyed... well half ticks on sterling have annoyed me, but I don't get to fine them
5 ticks offside you can do maybe 10 lots reasonably safely (or 100 lots in a spread 5 ticks offside: the spreads are as bad as the outrights now!)
And those moves are happening constantly!
To be fair to it it isn't moving 100 ticks on nothing... much... but there has been the occasional 20 tick fat finger.
I mostly trade euribor and euroswiss but do dip into sterling occasionaly for these things.
I used to look at sterling, but my bread & butter is Euribor and with its volatility i can't really look at anything else!
For me, Euribor is best on an event. Otherwise it's ****ed around too much by flipper-types and thus is only scalpable by someone who watches it enough and understands it more than me. I'm more the lift 100 lots when someone says something kind of trader.
Euroswiss is my main market but that has been rubbish for the last couple of weeks...
5 ticks offside you can do maybe 10 lots reasonably safely (or 100 lots in a spread 5 ticks offside: the spreads are as bad as the outrights now!)
And those moves are happening constantly!
To be fair to it it isn't moving 100 ticks on nothing... much... but there has been the occasional 20 tick fat finger.
I mostly trade euribor and euroswiss but do dip into sterling occasionaly for these things.
No idea how gooseman with his tens of thousands of lots does it, takes balls of steel that!
I tried out the euroswiss, but found way to little volume going through... was a year ago though, maybe it's better now? Do you do the standard intramarket flys etc or go for e.g swiss-bor calendars?