Strong demand for the long end, full tick performed well.
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30-Year T-bond Tick Increases to 1/32nd on August 30, 2009
- Thread starter Surdo
- Start date
Quote from BondTrader50:
the 30 yr looks good after the full tick switch. Decent depth thus far (should get deeper as the weeks progress) seems to move well with the other contracts as opposed to being in a world of it's own.
I agree, size and volume seem to be picking up relative to the ten year everyday. It had a shaky start though.
I heart full ticks
I will start trading them again.
As ticks get smaller profits for discretionary traders go down. (in my opinon)
The few times I examined my profits in different instruments... when I used to have good profits... - they came very close to the tick size per contract minus commission. Coincidence? perhaps - but perhaps not.
As ticks get smaller profits for discretionary traders go down. (in my opinon)
The few times I examined my profits in different instruments... when I used to have good profits... - they came very close to the tick size per contract minus commission. Coincidence? perhaps - but perhaps not.
Nice depth these days. Seeing some big size going through on all contracts.
The people saying hurray are probably floor traders/market makers who will make more money off the spread. Everyone else loses.
Time to complain to the CFTC (202) 418-5000
questions@cftc.gov
Time to complain to the CFTC (202) 418-5000
questions@cftc.gov
Quote from FB123:
Maybe I'm ignorant, but I fail to see how this is a good thing. The tick size is increasing, which is increasing your slippage. The bonds aren't all of a sudden going to start trading in a value range that is twice as big just because they increased the tick size. In other words, let's say that on a given day the range prior to this change would have been a full point (or 64 x 1/64th). It will still move exactly that full point, because that's the value range that people are willing pay for that day, only now you'll just have 32 ticks of movement to work with, instead of 64 ticks when it was trading in half 32nds. How is this in any way a good thing? You will save 50% in commission costs when trading the same size, but that's not going to make up for the losses you will incur in slippage by a long shot. Wider spreads make it harder to daytrade, not easier.
Switch to full ticks has made no difference.
Volume and depth is still one third to one quarter of the volume and depth of the 10 year, just like it was before the change.
Volume and depth is still one third to one quarter of the volume and depth of the 10 year, just like it was before the change.
The tick increase in ZB has made the contract much more tradable. Without it, I wouldn't trade ZB.
Quote from Millionaire:
Switch to full ticks has made no difference.
Volume and depth is still one third to one quarter of the volume and depth of the 10 year, just like it was before the change.
OK. Volume around the same. First five ticks (5 prices full, 10 prices 1/2) running 30-35% deeper, minimally . Not sure what you look at.