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The $7.50 slippage I refer to in the following quote: If you can save $7.50 per Emini S&P transaction in slippage due to a .10 tick increment vs. .25 - how would that be less urgent/important than saving $2.80 in CME fees? .....refers to the possible saving per emini contract traded if...

I used to do business with one of the larger firms that backed pit traders in Chicago. They told me that the average Gross Profit of the hundred + traders that they backed was about $540,000. The traders take was between 50% to 70% of that or so. This represents a good cross section of the...

I'm not so sure that it is the number of levels that price has to move through that stops a move - rather I think it is the intensity of the buying and selling pressure. If anything, if support/resistance is spread out over more levels it should be easier to go through instead of hitting...

Good entries, patient exits, strict discipline on stops, keep costs down, go both long and short - BUT ABOVE ALL, YOU GOTTA DO SIZE Hmmmmm.......you sir are a walking, talking contradiction. I suggest that you have a conversation with yourself and straighten this out :)

Desperate and now childish. Anything to avoid a more efficient market. I guess when businesses like GE, GM etc. look to cut costs you guys are standing outside their headquarters with signs that say Weeenies! Real men pay higher costs!

I got a CBOT:zf98z though it has a bunch of tick errors in it

S&P pit traders are making in excess of $500,000 per year with a .10 tick in the pit. Don't worry about there being liquidity providers if the Emini trades in a .10 tick.

Ditch: I agree lower exchange fees would be better (I would be an idiot not to). The fees should be based on value of the contract, so the emini fees should be 1/5 the fee for the big contract. Bone: Unfortunately, the CME and CBOT have exclusive licenses to trade the S&P500 and the Dow...

If you can save $7.50 per Emini S&P transaction in slippage due to a .10 tick increment vs. .25 - how would that be less urgent/important than saving $2.80 in CME fees?

The S&P Emini is 1/5 the size of the pit contract so comparing dollar value of a tick move the way you are is disingenuous. You are really reaching deep trying to come up with convoluted logic and FUD (fear, uncertainty and doubt) to preserve an archaic system. The non-members fees of the...

The S&P Emini is 1/5 the size of the pit contract so comparing dollar value of a tick move the way you are is disingenuous. You are really reaching deep trying to come up with convoluted logic and FUD (fear, uncertainty and doubt) to preserve an archaic system. The non-members fees of the...

Puffy, you are a hoot! Regarding your above quote...... How attractive would a market be if the only people you could sell to were other directional traders because market making was deemed a bad and parasitical activity? Right now in the S&P pit with a .10 tick increment the floor...

The CFTC is supposed to look out for the public good in the futures market as does the SEC in the equities market etc. I am from planet earth - you must be from planet CME.

The above is another ridiculous comment made by someone who probably benefits from having a wide tick. You guys must really be getting desperate - which I will take as a good sign. Your comments above are on par with saying - Hey if you can't handle $40 commission per contract then you...

Exactly! Let the market decide it. If the minimum tick size is reduced to .10 on the Emini and the liquidity demands a spread wider than .10 - then let the market decide from that point what is proper. To artificially set a wider tick size than the market demands is in effect anti-market...

This has got to be the most ridiculous post I have seen to date. You are trying to convince other ES traders that it is in their interest to have higher costs, more friction in their trading. You are either a lunatic or you are a CME member of some sort who benefits from having an...

That news release was from June 13, 2000. Any other "breaking news" you want to give us? Perhaps Limberg crosses the Atlantic or J.P. Morgan dies in his sleep.

Day Traders are liquidity providers, same as the people on the floors. But, if you even worry about stuff like this then I think you have too much time on your hands.

Don't quote me on this, but a friend of a friend of mine has an in-law working in the Pentagon on a secret project to liberate Canada. It involves dressing soldiers as hockey players so they can move across the border undetected. They will be using handgrenades that are designed as hockey...

I think if we put a tax on Canadians coming across the border to buy beer & cigs, we could probably fund one, maybe 1 & 1/2 more wars. Now, who to attack......hmmmmm