Liffe - Euribor - Total Volume Collapse
- Thread starter THE-BEAKER
- Start date
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Look at the thread title again.
Not many locals in Europe give a toss about eurodollars or treasuries for that matter from an executing trades perspective.
Look at the liffe euribor volumes and you will see rsj's %.
It isn't small.
They themselves boasted that they do 40%+ of liffes volume.They only pulled that admission once liffe got flooded with calls from pissed off traders.
Remember after 50% of volume they become virtually the central counterparty to everyone.At 40% they pretty much are anyway.
Gotta love that level playing field that electronic trading and appaulling management has created.
Not many locals in Europe give a toss about eurodollars or treasuries for that matter from an executing trades perspective.
Look at the liffe euribor volumes and you will see rsj's %.
It isn't small.
They themselves boasted that they do 40%+ of liffes volume.They only pulled that admission once liffe got flooded with calls from pissed off traders.
Remember after 50% of volume they become virtually the central counterparty to everyone.At 40% they pretty much are anyway.
Gotta love that level playing field that electronic trading and appaulling management has created.
Most of the guys at my ex arcade have now totally left LIFFE due to the ALGO's turning it to dogdirt. They have all moved onto more lucrative ventures.Alot of guys used to trade STERLING, but the last one out of the 8 guys that used to trade it left 2 months ago.
Shame that these dogdirt algo's have ruined what was once a lucrative market to trade.
Shame that these dogdirt algo's have ruined what was once a lucrative market to trade.
Apologies for digging up an old thread, but Iâve been looking around ET of late and came across this thread.
Personally I see no value in pointing out to LIFFE that a market thatâs 50k up in all outrights and all spreads is actively discouraging trade, because it falls on deaf ears. Lawyers are prepared to argue that no rules have been broken, and so nothing changes.
Iâve traded Euribor and the other STIRS for a long time, and though I hated the size being there, there was always some money to be had. But I think things have changed lately, and after some deep consideration, and given the macro outlook and CB actions, I think itâs time to start looking elsewhere. The time wasted waiting for trades to come on, and then get in and out, has extended from days to weeks. And I feel I can be much more productive with my time.
So itâs a question of where to focus the attention. Does anyone have any good suggestions of where a STIR trader can apply the short-end spread style of trading? Has anyone tried oil or the commodities that have intracontract spreading? Any success stories?
Regards,
Euribored.
Personally I see no value in pointing out to LIFFE that a market thatâs 50k up in all outrights and all spreads is actively discouraging trade, because it falls on deaf ears. Lawyers are prepared to argue that no rules have been broken, and so nothing changes.
Iâve traded Euribor and the other STIRS for a long time, and though I hated the size being there, there was always some money to be had. But I think things have changed lately, and after some deep consideration, and given the macro outlook and CB actions, I think itâs time to start looking elsewhere. The time wasted waiting for trades to come on, and then get in and out, has extended from days to weeks. And I feel I can be much more productive with my time.
So itâs a question of where to focus the attention. Does anyone have any good suggestions of where a STIR trader can apply the short-end spread style of trading? Has anyone tried oil or the commodities that have intracontract spreading? Any success stories?
Regards,
Euribored.
http://www.bloomberg.com/news/2012-...said-to-leave-nyse-s-liffe-amid-shake-up.html
With the dwindling volumes this is the first of many to go at liffe.
What a shame.
Just wait and see how bad things get in euribor from Thanksgiving to January.
With the dwindling volumes this is the first of many to go at liffe.
What a shame.
Just wait and see how bad things get in euribor from Thanksgiving to January.