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The article refers directly to the Chicago pits and how the smaller traders in there have struggled to compete with the resources and technological approach to this business by the institutions. When I mention arcades closing and traders quitting I am talking about those trading...

What futures markets do you trade?

Apparently by 2010,the small traders that are around will make up 10% of the market. 4 Trading Arcades near me have closed down this year,a lot of traders I speak to won't be continuing in 2008. It's a nice thought,'just learn how to trade',wish I'd thought of that.

If 90% of futures markets trades are executed by computerised programs by 2010 then the Exchanges will be in big trouble. This aggressive campaign by the algo-funds to wipe locals off the map could backfire badly.The Exchanges need a certain amount of locals to create a market.Could you...

The way the article was written we've all got 2 years before we have to stop because we've lost it all!!

But surely scalping and trading off of charts are two different styles?This is where scalping the DAX presents more opportunities to lose money.With charting you can have your in-trade and two pre-determined exit prices,one for a profit the other for a loss.With high turnover intraday scalping...

What has the liquidity of the EuroStoxx got to do with my post? I've been pointing out the pitfalls of scalping DAX(and I could go on).There is more size on bid/offer and better volumes in EuroStoxx.Everyone knows this.Just because EuroStoxx is 5 to 10 times more liquid does that make the DAX...

Exactly.Any potential scalpers out there should read the thread 'Dax plunged 200+ ticks' .Handy if you've got a bid in which you'd be happy to make 3-4 ticks on that goes 200 ticks off-side as you get them.A bid for 20 lots equals 100,000 Euros down.The Dax is one of the most brutal markets...

Some have been trashed,most haven't been switched on.It's funny really,in the pits on busy days you would hear people saying'volatile day,did a lot of round trips',nowadays on a busy day the f**kheads who run these models actually SWITCH THEM OFF. What does that tell you?I've never heard...

The DAX will pick your pocket faster than a crack-addict in the Bronx.

Interesting.The models have finally filtered all their good work into driving down volumes.I can't say I'm too surprised,everyone I speak to is doing less and less if not quitting altogether. What will the Exchanges do about it?Who cares.Let them have their funds with their models,see how low...

This is a good analogy.The funds running the models really are killing off the smaller traders,I hardly ever speak to anyone these days who has good news.They move in,take over and it's game over.People who say'oh just change your trading style' are comedians,most small traders have the same...

I can't really work out what's going wrong.The prices at the late close shouldn't be changed just before the next open,unless they're being changed in place of the pre-open prices to commence the new day.The majority of these price vendors work off the Exchange settlement and not the last traded...

Bund,Bobl and Schatz have their settlement price established at 17-15 CET.This is the price against which overnight positions are marked against and coincides with the time that the actual underlying bond markets are settled/close. The futures markets continue trading until 22-00 CET hence...

Well done

Shouldn't your username be burger-flipper,as in your day-job? Some of the points here are vaild as real traders would know which is why you've missed them.

I've no doubt they'll be back the sneaky b*stards. I was talking to a guy the other day,an ex-big hitter in the bonds who can't wait for them to come back,especially the one in the Bunds that offers 3000 lots to buy in front of it.Apparently when the market gets pushed just a bit too far he's...

How things change in a week!Euribor,without the constant screwing around by allocation models(thanks dickiedickieg),which basically wait until the genuine bid or offer reaches a certain amount then jump on it's back with 10 times the volume to ensure 'best allocation' for themselves,is actually...

This is a good thread - how comes volumes are pretty much the same even though bund is bid/offered in 200 instead of 2000? Have human traders been allowed to get involved and are simply doing the volume they genuinely want to do whereas the algos advertise huge volume that doesn't trade but...

These quant funds/algo models/automated nuisances are finally getting caught out.Couldn't have happened to a nicer bunch of vultures.All they've tried to do is cheat using technology and huge backing,now the backing is either being lost or pulled.The shame is that they've taken a lot of people...