Just a followup. I noticed today that the QM May contract, what IB for some reason calls "April", was very thin with wide spreads at times and last trade was often far off the pit price. Be careful out there.
I also looked into emini ny crude, I believe its symbol is QM with April being the front month. The spreads are usually just very inconsistent to make it a viable mkt for even long term trading.
Front month is now may, but IB calls it april. Why I do not know. Crude contracts have weird expiration cycle, and IB always is one month behind.
The mini contracts don't seem to have a lot of liquidity but I don't think they would get too far out of line with RTH, otherwise they would be arbed. Just keep an eye on pit prices and use limits.
