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you'll probably have a hard time getting comparable fills if you try this live. Back months can be much more illiquid, a lot of the 'jitter' you see in the spread chart is from the wide bid asks in the back months. A practical trade for the calendar spread is the quarterly roll

You could try TT but realize that you're competing with HFT market makers using their own custom solutions.

I think IEX has a great business model and are legitimately improving execution quality, BUT there are a few things that people like to overlook when promoting IEX. First of all IEX isn't an exchange, it's an ATS (alternative trading system) or a *cough* darkpool *cough*. Second, I don't...

I don't have any data to back this up, but my guess is that it's either large risk removal or banging the close (manipulating price to profit from positions in related derivatives)

Don't let the cynics get you down, if you truly want to do it you'll find a way. A lot of top tier prop firms use poker as a training exercise for their traders. Do some research into what type of trading you want to get into (HFT market making/stat arb, spreading, discretionary etc.) and...

-Engineering -Mathematics/Statistics -Physics -Operations Research -Computer Science (good idea to combine this with one of the above) Throw in some kind of trading experience, competitive sports, prior risk taking, etc. and you should do alright. It varies within the industry as well...

but...but...how will I feel socially validated? PEOPLE NEED TO KNOW I'M A GENIUS MARKET WIZARD WHO IS AN INTERNATIONAL ECONOMIC PLAYER!

+1 for leasing, seats have lost value since co-location became feasible and I can't foresee any reason for them to gain value.

CME Group Membership Pricing There ya go! Owning a seat is really only beneficial if you trade some big boy volume or need spread margin for some funky combinations, or wanna look like a bada$$

CME group doesn't have a designated market maker scheme, pretty sure ICE does for certain products (not 100% sure though). Difficult to say for sure who makes markets in specific products unless you work for said organizations (this information likely falls under firm specific trade...

@PlattsOil and @CL_ftrader are pretty good for crude tweets.

But if you were trying to close your position in the 9's you would have made 1 tick compared to the 62.50 or 2 ticks you indicated in your pic, or maybe I'm just misreading and should get more sleep :) I'm just a bit skeptical because flipping or 'pseudo market making' in products such as ZB is...

I like to look for new levels during globex and then wait and see if they're revisited during RTH, if they do get traded again there are some really nice 'rotational' set ups.

I'd be curious to see a fill report as well. 30yr still has some liquidity overnight so you have to be fast to get a queue position that will get you filled consistently. It's easy to get stuck in a position or have a slow bleed trading like this. Much more practical and risk conscious to...

HFT firms should shut off their servers for a day to give the cynics a taste of a market devoid of market makers- woops I mean HFT THIEVES!!!111! My guess is that they would be begging them to come back after 1 day. Check out this bit on reuters insider for a calm and informative discussion...

http://insider.thomsonreuters.com/link.html?cn=share&cid=1222178&shareToken=MzpmMDg0MTEyMC01NWY5LTRjZDItYjQzOC1iNTNiMzAyMDJhN2I%3D Awesome discussion between Haim Bodek and Manoj Narang on HFT. No sensationalism, just facts presented by practitioners.

I didn't say "elliots11 is market illiterate", my point is that the target audience of programs such as 60 minutes aren't well versed in the microstructure of electronic markets. With regard to front running, if you look back to my post I did mention that latency is an edge. 'Front running' by...

There's so much more to it than any TV program can present to an audience of 'market illiterate' viewers. Yes, latency offers an advantage to participants who are willing to invest massive amounts of capital to put themselves in a position to exploit that edge. The claim that the equities...

But how else would small traders learn!?!?! HFT is here to stay and without a doubt there will be more regulations in place to help counteract malicious trading. It's funny how everyone's super hyped up about it NOW, the market's always been tilted in favor of the professionals. What...

Maybe if he's a very successful HFT market maker. It's hard to recommend a firm for your friend to approach without knowing more about his style. Algo? Position Trading? Intraday grinder?