Micro Natural Gas Futures and Options on their way!
- Thread starter Primal Trader
- Start date
I have been trading futures for over 13 years. That is NOT how futures work, that instantly when CME starts a new product that it is available immediately across all brokers, quite the opposite. It takes time and testing, it is more complex than just adding a symbol, especially with some platforms. Even more so when there are also options involved.
The volume is fine for a product that has only been available for 3 days, on just a few platforms as of yet.
Looking across some of my former brokers: AMP, Infinity, TD, don't yet have it listed; I have zero doubt they will soon enough. My present broker, tastytrade, has already made the decision to add it, not sure which day it will be on the active list, but relatively soon. As more brokers add it the volume will continue to increase; this is exactly how I saw Micro Gold and Micro Oil make incremental volume progress month by month and now they each are a great success.
The volume is fine for a product that has only been available for 3 days, on just a few platforms as of yet.
Looking across some of my former brokers: AMP, Infinity, TD, don't yet have it listed; I have zero doubt they will soon enough. My present broker, tastytrade, has already made the decision to add it, not sure which day it will be on the active list, but relatively soon. As more brokers add it the volume will continue to increase; this is exactly how I saw Micro Gold and Micro Oil make incremental volume progress month by month and now they each are a great success.
These are some of the popular liquid big-size contracts :
France CAC40 (Euronext)
Nikkei 225 (sgx)
Euro currency (CME)
Their small-size contracts have been around for decades.
But the volume is close to zero.
There are also other small-size contracts that are rather liquid
(eg micro NQ).
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The life insurance agent.
Correct. I don't see it yet on Interactive Brokers. (Please correct me if I'm wrong because I want to add these to my system.)
In the past, Advantage Futures seemed to have every product imaginable that CME created, and currently they are showing the Micro Natural Gas on their main page under the Exchange Corner feature, quite possible they have already activated it.
https://www.advantagefutures.com
Thanks. I assumed it would be MNG, like the CME has, even though IB sometimes uses different symbols. I was planning to add this weekend, so I had not yet gone searching for the correct symbol.
In the meantime, my TWS disconnected from IB's server overnight and instead of reconnecting as usual, it had a popup error message and my Python system was stuck in a loop (fortunately, it's designed to keep trying to reconnect and do nothing until it can, so no harm done). All I had to do was click OK on the popup and TWS was working again and my Python script resumed its work.
Perhaps I need something like IB Controller or Watchdog to monitor these things. Thankfully it happened today and not when I was on my 3 1/2 week vacation.