Some interesting information on the CME August Market Data page
http://www.cme.com/dta/hist/monthly...nth=7&theyear=2003&submit=Search&pageOption=0
A low volume summer compared with last year.
Pit volume seems to be shrinking dramatically. It's interesting that bid and ask sizes for the emini are now often in the quadruple digits. So much for the theory that the pit arb is what creates the emini volume.
The emini is now the dog and the pit is the tail. Woof!
Jan-Aug volume % CHGE
Emini S&P +65.7%
Pit S&P -10.3%
August 2003
10 Emini S&P($50) contracts traded for each pit ($250) contract
Emini S&P 10,859,652
Pit S&P 1,079,405
August 2002
6.9 Emini S&P($50) contracts traded for each pit ($250) contract
Emini S&P 11,199,858
Pit S&P 1,615,148
http://www.cme.com/dta/hist/monthly...nth=7&theyear=2003&submit=Search&pageOption=0
A low volume summer compared with last year.
Pit volume seems to be shrinking dramatically. It's interesting that bid and ask sizes for the emini are now often in the quadruple digits. So much for the theory that the pit arb is what creates the emini volume.
The emini is now the dog and the pit is the tail. Woof!
Jan-Aug volume % CHGE
Emini S&P +65.7%
Pit S&P -10.3%
August 2003
10 Emini S&P($50) contracts traded for each pit ($250) contract
Emini S&P 10,859,652
Pit S&P 1,079,405
August 2002
6.9 Emini S&P($50) contracts traded for each pit ($250) contract
Emini S&P 11,199,858
Pit S&P 1,615,148