shakeshuck
Newbie
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I have just started playing with the market depth indicator in J/Trader (actually they call it DOME ) provided as a demo by Berkeley. The ES data on there is old; there are contracts for Mar, Jun, Sep and Dec 03.
It is really easy to pick up 0.50 and 0.75 pts taking advantage of the bid/ask spread - this is the odd bit - which moves out to 1.5 pts at times.
What I would like to know is why there is a 1.5 pt spread? My guesses are:
1) The eminis weren't that popular in 2003, and volatility has increased a lot since then,
2) They may have been far-reaching contracts,
3) The data is from an overnight session.
Does anyone here know if any of the above are likely to cause a large spread, or is there another possible reason? If I can work out the circumstances I am sure there are opportunities to be had elsewhere.
Cheers!
It is really easy to pick up 0.50 and 0.75 pts taking advantage of the bid/ask spread - this is the odd bit - which moves out to 1.5 pts at times.
What I would like to know is why there is a 1.5 pt spread? My guesses are:
1) The eminis weren't that popular in 2003, and volatility has increased a lot since then,
2) They may have been far-reaching contracts,
3) The data is from an overnight session.
Does anyone here know if any of the above are likely to cause a large spread, or is there another possible reason? If I can work out the circumstances I am sure there are opportunities to be had elsewhere.
Cheers!