Originally posted by bone
All locals in the S&P pit race the paper. That's all they do. That's why the E-mini will only get bigger. At least you know what's there, and you'll get 'em. Look at the CBOT Ten-Year Note. The electronic A/C/E contract is kicking the pit's ass. It's much better for a fund or basis trader to know that they're going to get them all. They HATE partials.
Bone, you brought up a point I have been wondering about. The a/c/e 10 year note, ZN, is that completely removed from the pit. Is the order matched completely electronically? In other words, is the ZN to the TY like the NQ is to the ND?
