Size on the Bid/Ask for ETFs

S

SleepingGiant

Hey ETF Traders,


I have never traded the ETFs, but I am curious about the typical (average) amount of size that you see on the bid/ask at any given time. How many shares do you feel comfortable trading without worrying too much about slippage? I am particularly interested in what you see on the SPYs, Diamonds, and QQQs.


Thanks!
 
Quote from SleepingGiant:

Hey ETF Traders,


I have never traded the ETFs, but I am curious about the typical (average) amount of size that you see on the bid/ask at any given time. How many shares do you feel comfortable trading without worrying too much about slippage? I am particularly interested in what you see on the SPYs, Diamonds, and QQQs.


Thanks!
More...

I can honestly say you can feel comfortable trading BIG size in the SPY or Cubes. I have one customer who trades 100k share blocks daily and 90% of the time when he lifts the offer or hits the bid gets one price. Is that liquid enough for you? :D
 
Quote from SleepingGiant:

Hey ETF Traders,


I have never traded the ETFs, but I am curious about the typical (average) amount of size that you see on the bid/ask at any given time. How many shares do you feel comfortable trading without worrying too much about slippage? I am particularly interested in what you see on the SPYs, Diamonds, and QQQs.


Thanks!
More...

With these three (DIA, SPY, QQQ) the size is not problem. They are super-liquid ETFs.
 
100k shares on the bid or ask?! At any given time (price)? Having never traded ETFs before, I was guessing that getting off 10k on the bid/ask would be about the maximum amount you could trade without incurring slippage. If you can trade 100k blocks with that kind of ease then I guess the DIAs, SPYs, and QQQs are indeed super-liquid.
 
Uh-oh......................


I'm afraid we have awaken a sleeping giant........:eek: :eek:


Vega:D

I know it's bad, but I just couldn't pass it up..............
 
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