Prop Futures Trading Firm

[Maverick74]

Quote from Feeman:

I'm speaking of FX futures such as those traded on CME; ditto for the other instruments. There is little liquidity in YM, CL, SI, ZW and many others.

You have no idea what you are talking about. I'm done here.

 

[bone]

Quote from Feeman:

There is little liquidity in YM, CL, SI, ZW and many others.

Take another bong hit. Seriously. CL alone traded 1.437M contracts today on Globex.

 

[Feeman]

Quote from Maverick74:

You have no idea what you are talking about. I'm done here.

That seems to be your MO at ET. You're the only one who knows what you are talking about.

Tata and happy arguing wherever you go next.

 

[Feeman]

Quote from bone:

Take another bong hit. Seriously. CL alone traded 1.437M contracts today on Globex.

And what size have you seen on Bid/Ask in CL? The market is thin compared to ES and ZN, total contracts notwithstanding.

Try buying 2500 and tell us what happened to price.

Another argumentative know-it-all who's shopping for customers on ET. Feel free to follow in Mav's footsteps.

 

[Swan Noir]

Is it accurate to say there is little liquidity in CL? While I don't trade it I have the impression that it is fairly liquid. During RTH and barring news how many here are trading a size that CL can't digest well?

Quote from Feeman:

I'm speaking of FX futures such as those traded on CME; ditto for the other instruments. There is little liquidity in YM, CL, SI, ZW and many others.

The OP is talking about FUTURES as far as I can tell.

 

[bone]

Quote from Feeman:

Try buying 2500 and tell us what happened to price.

I have personally done blocks of 5,000 within 5 cents through ICAP and TFS, clearing ICE Swaps or Clearport. I used to trade energy commercially. That's what those facilities are there for.

And I have also traded ICE Swaps and Clearport through Chicago Prop Futures Groups. I have also traded PJM-W Swaps and HHNG Swaps at Chicago Prop Firms.

I would be happy to arrange an independently verifiable wager if you doubt it.

 

[Maverick74]

Quote from Feeman:

Another argumentative know-it-all who's shopping for customers on ET.

And what size have you seen on Bid/Ask in CL? The market is thin compared to ES and ZN, total contracts notwithstanding.

Try buying 2500 and tell us what happened to price.

Damn you are clueless. If you put 2500 contracts on the bid, it would be hit in one second. Gone. Just like that. If you went to the market, you would get slipped for probably 5 ticks. You do realize that the bulk of crude trading is done on the strips right and not just the front month? And you do realize there are both exchange traded spreads that are several thousand up on both sides of the market. Not to mention the implied spreads.

 

[Feeman]

Quote from Swan Noir:

Is it accurate to say there is little liquidity in CL? While I don't trade it I have the impression that it is fairly liquid. During RTH and barring news would anyone expect more than two ticks of slippage trading 20 contracts?

20 contracts is a retail trade. How about 2500? How much slippage would you expect?

My point in this was about scale--hedge funds have no interest in playing for crumbs in the futures markets and if the OP or anyone else, thinks professionals have any interest in retailesque trades like 20 lots, then they are mistaken.

 

[Feeman]

Quote from Maverick74:

Damn you are clueless. If you put 2500 contracts on the bid, it would be hit in one second. Gone. Just like that. If you went to the market, you would get slipped for probably 5 ticks. You do realize that the bulk of crude trading is done on the strips right and not just the front month? And you do realize there are both exchange traded spreads that are several thousand up on both sides of the market. Not to mention the implied spreads.

Welcome back. That was a short exit.

 

[Feeman]

Quote from bone:

I have personally done blocks of 5,000 within 5 cents through ICAP and TFS, clearing ICE Swaps or Clearport. I used to trade energy commercially. That's what those facilities are there for.

And I have also traded ICE Swaps and Clearport through Chicago Prop Futures Groups. I have also traded PJM-W Swaps and HHNG Swaps at Chicago Prop Firms.

I would be happy to arrange an independently verifiable wager if you doubt it.

With that kind of pedigree, why are you hustling here to teach retail punters to trade? Bored in retirement and too much golf?