NQ DOM Impossible to Trade With - Now @10K the Tick Size Has to Change

[Expo]

Now that the NQ contract value is well above 10.000, I think the CME has to change the tick value from 0.25 to 0.50 at least or even 1.0

It's really impossible to follow a NQ DOM depth with 0.25 tick value
What do you think?

Furthermore I think the contract value is too big.
The "EMINI" has a value of 200K
Yes now emicros are an interesting solution but commissions are still too high

The value of 20$ for 1 point could be halved to 10$
It has happened to the RUSSELL 2000....

 

[southall]

Furthermore I think the contract value is too big.
The "EMINI" has a value of 200K
The value of 20$ for 1 point could be halved to 10$
It has happened to the RUSSELL 2000....

Be careful what you wish for.
It could end up costing us double in fees and commissions if they halve the contract value.

For a short time CME will say, "dont worry you only pay half the commission"

But a few years later they will up push it back to regular rates.

But I wouldnt be happy with a full tick spread. Since when volatility dies back down we could be back to 50pt daily ranges. That would be just a 50 tick daily range. would suck.

 

[hilmy83]

The eminis are fine the way it is. We should be demanding lower commissions on the micros.

I don't understand why 1/10 the size doesn't translate 1/10 the commission of the eminis.

 

[Expo]

Becareful what you wish for.
It could end up costing us double in fee and commissions if they halve the contract.

For short time they might say, yeah you only pay half the commission, but a few years later they will up push it back to regular rates for sure.

Ok, but the problem of the tick value is for real
0.25 with 10k for NQ and 0.25 for ES with 3k makes no sense

 

[Overnight]

Now that the NQ contract value is well above 10.000, I think the CME has to change the tick value from 0.25 to 0.50 at least or even 1.0

It's really impossible to follow a NQ DOM depth with 0.25 tick value
What do you think?

Furthermore I think the contract value is too big.
The "EMINI" has a value of 200K
Yes now emicros are an interesting solution but commissions are still too high

The value of 20$ for 1 point could be halved to 10$
It has happened to the RUSSELL 2000....

Stop whining. Why were you not bitching about the thing in March when it kept going limit down with the same per/tick value? Seriously, what does the contract value have to do with anything? The specs have not changed, only the number itself.

 

[southall]

Ok, but the problem of the tick value is for real
0.25 with 10k for NQ and 0.25 for ES with 3k makes no sense

But you thinking about it the wrong way. ES should have a 0.1 tick. Then the NQ tick size of 0.25 makes sense.

 

[Expo]

Stop whining. Why were you not bitching about the thing in March when it kept going limit down with the same per/tick value? Seriously, what does the contract value have to do with anything? The specs have not changed, only the number itself.

Stop whining? Lol
I am using the DOM for daytrading the ES but I think NQ is a great opportunity to make more profits due to its structure. As I said it's impossible to read a NQ DOM with 0.25 tick value
Maybe 0.50 tick value could change things better

 

[Overnight]

Stop whining? Lol
I am using the DOM for daytrading the ES but I think NQ is a great opportunity to make more profits due to its structure. As I said it's impossible to read a NQ DOM with 0.25 tick value
Maybe 0.50 tick value could change things better

In NT7 you can set the tick value to whatever you wish. Just go into the instrument manager and plug in whatever numbers. See if it makes it easier to trade on the DOM. (It won't)

Your problem is not the damned DOM, it is the volatility of the instrument itself.

 

[hilmy83]

Stop whining? Lol
I am using the DOM for daytrading the ES but I think NQ is a great opportunity to make more profits due to its structure. As I said it's impossible to read a NQ DOM with 0.25 tick value
Maybe 0.50 tick value could change things better

Sounds like a platform DOM feature can solve this. Not changing the contract spec and ruining it for other traders.

 

[Expo]

In NT7 you san set the tick value to whatever you wish. Just go into the instrument manager as plug in whatever numbers. See if it makes it easier to trade on the DOM. (It won't)

Your problem is not the damned DOM, it is the volatility of the instrument itself.

What!?
Yes you can change artificially with that trick the tick value, but the bid ask depth is not the same. So what the f*ck are you talking about?