CME e-micro futures

Still not much volume, but it appears the spreads have gotten a bit better. Micro EuroFX is now more like 1 to 2 ticks (used to be 3 to 4). The others are still worse.

I think CME should start to quote the whole FX-complex in half-ticks. Would make them more competitive with spot.
 
Quote from Pippi436:

Still not much volume, but it appears the spreads have gotten a bit better. Micro EuroFX is now more like 1 to 2 ticks (used to be 3 to 4). The others are still worse.

I think CME should start to quote the whole FX-complex in half-ticks. Would make them more competitive with spot.
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BAD idea, it is perfect the way it is!
 
Quote from Surdo:

BAD idea, it is perfect the way it is!
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Whats wrong with (potentially) smaller spreads? Especially when the underlying spot mkt quotes in tenth pips. Even EBS makes a move to half pip now.

I can see liquidity providing strategies suffer a bit, but price takers should be better off.
 
Quote from Pippi436:

Whats wrong with (potentially) smaller spreads? Especially when the underlying spot mkt quotes in tenth pips. Even EBS makes a move to half pip now.

I can see liquidity providing strategies suffer a bit, but price takers should be better off.
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1/10 PIPS are like fly shit bro.
 
Trading Forex through CME globex I think has given the forex traders a great chance to get out of the bucket shops and boiler rooms, finally you can see a real price for your currency that will not change or a huge spread during news or someone hunting your stoploss,

When I changed to it also started trading mini dow which I found very good for my trading style and the session in NY lets me get a good sleep, also found that "real forex" through cme globex is not as huge as those market makers wants you to think it is a 3 billion participants, etc. it is not like that, their liquidity is normal just like any other market.
 
Quote from nitro:

These things are pretty cool.

http://www.cmegroup.com/trading/fx/files/FX-220_E-micros_Sell_Sheet_updated_version.pdf

The only thing is I wish they had a EUR.JPY contract.
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Since this post, spot forex rules the friggin markets. 50:1. Only three "if only" left:

1) The spread on most symbols (retail)
2) The volume on most symbols (retail)
3) Direct Access without needing have a huge amount of money.

As ECNs catch up to the big banks, 1 & 2 will become more and more of a reality. 3 is the only advantage currency futures have over spot, imo.
 
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