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Anybody got a handle on the OTC HDD market ?

Maybe for the Eurodollar. If you're talking ES or 6E or CL take another bong hit - first things first, no one would clear you to begin with.

I used to get LN market quotes two ways: 1. Through IM messaging with the various OTC brokers, and 2. I had a turret system with direct lines to those same brokers, and in "listen" mode I could usually hear what was trading. Important note: both of these functionalities required a bonafides...

Just for the general info to most of the ET readers ( the pros already know this ), there are literally hundreds of spread trade combinations possible between the Liffe Gilt, Liffe Short Sterling, Liffe Euribor, Eurex Schatz, and Eurex Bobl contracts. So many inter-market combinations possible...

I'm not sure that IB clears Nymex Clearport products - but I sure as hell know for a fact that Timber Hill trades the living shit out of them. I checked the Clearport broker directory and IB is not listed. As I recall, most of the LN I traded was through OTC brokers like Amerex and Icap and...

Seriously, get another job or some other source of cash flow and work on developing your own strategy in a SIM environment over time. Your biggest metric is going to be your drawdown tolerance. I agree with many other posters about being completely new to this and deciding you are going to...

Is there a particular reason that you have to limit yourself to intraday futures ? If you are very moderately capitalized, maybe trading stocks intraday or some sort of swing traded futures or options spread strategy is a better idea.

You can't trade a "top" because quite frankly no person walking planet earth knows what is going to happen five minutes from now - much less five days or five weeks or five months or five years from now. Market timing has no consistency. Every broken trader I've met or heard about or from...

We set a stop-loss level at the time of trade entry. If our proprietary studies reverse, then the technical conditions for entering the trade are no longer valid and that gets us out. I have found through the years that about half of my losses are taken through technical failure before the...

Is there a particular reason that you insist on trading intraday ? There might be a more reliable and less capital-intensive way for you. I have clients who do well swing trading ZS and ZM calendar spreads and butterfly spreads. The spreads trend and model and "behave" very well. The...

Yep. Look at the HDD data.

Love it ! Yes, in terms of "collecting the bid-ask spread" the days of buying bids and selling offers are a distant memory. On the screen, at least in the flat price individual instrument markets, the best bids or offers trade out completely in milliseconds. The days of pure scalping...

I think that you are a bit misinformed as to what actually happens to the futures contracts that are held past first notice day from the exchange. They get physically delivered, or settled otherwise using an "EFP" OTC Swap contract. Look at the forward curve open interest in CL...

While the pace of the roll in terms of prompt to second month volume varies by a few days, in terms of last trading day and first notice day (it's a fungible contract) the contract specs and exchange rules are a constant. So, there is indeed a roll every month.

Quite frankly every major cash settled futures product that I am aware of is, in fact, heavily arbitraged against the analog underlying. Additionally, commercials and institutions actually prefer the cash settlement features in terms of dynamic hedging for their portfolios. It's a convenience...

I agree.

Is your order book enabled to also show the exchange implied data ? In terms of "short term" manipulation - yes, you will actually tickle the market twice.

We are much more concerned with the historical statistical fitness ( correlation ) between each of the spread combination components. And that is covered by my services and I do recommend a SW for that. So you could say that we backtest - but in a different way than you are probably...

Stick with what you are doing - Gold vs. Silver or Gold vs. Crude Oil have real issues that you are not prepared or likely capitalized enough to deal with. 1. Gold calendar spreads are cheap to capitalize and carry overnight - for example, the initial margin for a June 2014 GC vs. an October...