Question on Interactive Brokers?

Quote from cstfx:

As to why one would trade the mini? Volume, baby! You can get the daily volume figures off the CME website, but as an example, on Weds past, e-mini total volume was 1.6M contracts whereas the big contract only did 32K.


I always assumed that emini contracts were being offset by positions in the regular S&P. In other words, a 'big' trader would buy the S&P and offset it by sellng ES to smaller traders. Don't know why I thought this.

Coincidental maybe: 32,000 S&P contracts is equal to 1.6 million ES contracts.
 
Quote from SWhiting:

I always assumed that emini contracts were being offset by positions in the regular S&P. In other words, a 'big' trader would buy the S&P and offset it by sellng ES to smaller traders. Don't know why I thought this.

Coincidental maybe: 32,000 S&P contracts is equal to 1.6 million ES contracts.

1) yes, some volume are off-sets.

2) ratio is 5 to 1. not 50 to 1
 
Quote from SWhiting:


Coincidental maybe: 32,000 S&P contracts is equal to 1.6 million ES contracts.


huh? try 160k contracts equivalent.


SO eminis trading 10X the volume as pit traded SP.
 
Quote from SWhiting:



Coincidental maybe: 32,000 S&P contracts is equal to 1.6 million ES contracts.

Must be that "new math" they teach in schools now.
 
Quote from Mosholu:

oh no!!! 50 contracts during the course of the day, that's it

are you able to customize your order entry to buy with oly one click?... let's say that you want the F9 button to buy at the market
If you are trading this size and using Interactive Brokers you would be wise to familiarize yourself with Zeroling Trader or Button Trader (info can be found at the IB website).

Good Luck.
 
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