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Eurodollar Futures (GE)--anyone else trading these?
- Thread starter trdinglife
- Start date
Quote from TGM:
Reuters is superior to Bloomberg in my opinion. I have seen Reuters beat the pants of Bloomberg time and time again on the number!!!!
By the way, on Reuters you can subscribe to MNI (Market News International). It is an add on news service. MNI is also available directly from there website (google Market News International--you can do a demo for free). They have THE fastest news service I have ever seen. They break numbers quicker than anyone. It is not even close (I have been trading fixed income for a decade).
Fatfozzy,
How do you like Reuters over the internet via Citrix?? I plan on moving to it from a direct line. Apparently, it is cheaper? Reuters sales reps only come by and return calls from the NEW/prospective customers---old ones do not count!!! I have had a problem getting ahold of them for the demo!!!!??
I follow Dow Jones and MNI via my broker - and Dow Jones is far the fastest of those two news service agencies. But MNI has a lot of good stuff - for forex traders. I don't use Reuters.
Quote from E R:
Hello,
I think it's the same thing. 6.95-6.70 is the way IB quotes the spreads for eurodollar (single digits and decimal), but I've seen the quotes also in double digits (69.59-67.00).
Hope that clarifies it!
Does IB offer ED spreads as traded on Globex?
I can't find any info at IB's site and doing TWS -> Add Symbol -> GE -> FutSprd gives an error.
FredBloggs
Guest
found an interesting site for those with a long term view of interest rate futures
www.bondheads.com
(actually Gold Trade put me on to this. Anyone interested in long term spreads would be well advised to read his posts)
www.bondheads.com
(actually Gold Trade put me on to this. Anyone interested in long term spreads would be well advised to read his posts)
FredBloggs
Guest
Quote from E R:
Hi all,
I'm curious about something that I hope you'll be able to offer insight into. I have a set (5) of EDH5-EDZ5 spreads on. Most of the day, the spread was moving against me (I'm short,so the spread was moving against me by increasing). But, at about 2:55 eastern time this afternoon, the spread reversed rather drastically (went from 6.95 to 6.70), after not moving much the whole day. Also, the volume was rather erratic.
At the same time, the treasury notes and bonds weren't moving at all, and the stock indices were rather dull. Also, I couldn't see any news that would be an impetus.
I'm glad I didn't close the trade out during the day--noticed a few days ago that these spreads seem to bounce around during the day, but then settle down for the late afternoon (so I stick to end-of-day data and analyses to keep from getting whipsawed).
Any idea why such a large move all of a sudden? Also, any comments on adjusting ED spreads during the day vs. only adjusting at the end of the day?
Thank you!
ER - i guess markets are always going to be thin before a long holiday - ripe for manipulation and other odd behaviour. I usually stay out.
i think u will get odd manouvers during the day as traders in the outrights run stops etc - this gives a false impression of the 'real' spread if u have a longer term time horizon.
tradinglfe would be in a better position to answer this though cos I dont trade this intraday much.
Quote from FredBloggs:
ER - i guess markets are always going to be thin before a long holiday - ripe for manipulation and other odd behaviour. I usually stay out.
i think u will get odd manouvers during the day as traders in the outrights run stops etc - this gives a false impression of the 'real' spread if u have a longer term time horizon.
tradinglfe would be in a better position to answer this though cos I dont trade this intraday much.
what Bloggs says does tend to be true...in the outright ED months, the end of the day tends to provide an opportunity to look for stops...this does sometimes throw the spreads out of whack for a while on relatively small volume...if you look at market profile(or other charting software so take it easy!)...the last few letters or half hour periods in the trading day have something in common in the short end...they tend to break out...it used to hold for euribor until nobody gave a crap anymore, and I see it holding usually in the ED months now...this may explain day end fluctuations in the spread...
Quote from E R:
Hi all,
Any idea why such a large move all of a sudden? Also, any comments on adjusting ED spreads during the day vs. only adjusting at the end of the day?
Thank you!
take a look at the post I made on page 32 of this thread...the comments come from sle who works at a big shop that trades ED...this probably explains end of day fluctuations...and as I said above, probably explains the end of day breakouts as some shops scramble to match positions before the liquidity vanishes completely before the close...
not totally relevant but......i worked in the back month EDs for a while and a trick a local would use. (one that had accumulated a large position) in the last few minutes of trading this person would give a broker an order for 10 or 20 cars and depending would either offer or bid the sh*t out of a certain month just to get a high or low print in the closing range. then they always had an argument for settlement prices. illegal? i dont know? the broker would just go nuts and give some local a small gift just to get the print. the local also wanted to get the print in so the trade was good. i dont think this always worked but sometimes it did. especially if you had a little bit of pull in the pit. jim
Quote from jim c:
not totally relevant but......i worked in the back month EDs for a while and a trick a local would use. (one that had accumulated a large position) in the last few minutes of trading this person would give a broker an order for 10 or 20 cars and depending would either offer or bid the sh*t out of a certain month just to get a high or low print in the closing range. then they always had an argument for settlement prices. illegal? i dont know? the broker would just go nuts and give some local a small gift just to get the print. the local also wanted to get the print in so the trade was good. i dont think this always worked but sometimes it did. especially if you had a little bit of pull in the pit. jim
interesting...no doubt this still occurs and in fact you can kind of see it happen sometimes on the screen aswell...
as an aside...it seems Barclays was selling big Mar06 volume throughout the day and then was on the bid in Dec05 at the end of the day after our little Fed Minutes meltdown...