Anyone trading Micro CAD Futures?

A

andrew black

In my IBRK account I see a 6 pip spread for Micro CAD Futures and 0.5 pip spread for the standard CAD Futures contract.

Considering the size of contracts (10k micro vs 100k for standard) you would have a spread 120 larger when you trade micro contracts vs standard.

Is this kind of a standard thing with all brokers or is a IBRK specific issue because they have low liquidity? TIA.
 
If this is a futures contract, it is simply the bid/ask on the exchange, not broker specific.
 
andrew black said:
In my IBRK account I see a 6 pip spread for Micro CAD Futures and 0.5 pip spread for the standard CAD Futures contract.

Considering the size of contracts (10k micro vs 100k for standard) you would have a spread 120 larger when you trade micro contracts vs standard.

Is this kind of a standard thing with all brokers or is a IBRK specific issue because they have low liquidity? TIA.
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What Ilan said. Plus, they have different specs and spread will look different, and IB obviously butcher the display part (probably not rounding it correctly)

upload_2020-6-3_10-13-28.png



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Thanks everyone. It seems to be the liquidity. Current volume is 900 for micro and 68000 for standard.

Edit: And I was actually looking at Sep micro with only 34 vol. For Jun micro the spread is 1 pip.
 
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In my experience, a 2-3 tick spread is the usual for micro Loonie during RTH, wider just before key Canadian econ reports. It is a viable instrument, quite often being similar in volume to the micro Yen. Especially useful for swing and longer term trades
 
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