SPY - Single stock futures

G

ganesh6

hi,

Anybody trades SPY single stock future here. I see it has a multiplier of 1000 , means change of one point in SPY stock equal to $1000 on one single stock future contract of SPY.
I see generally a slippage of 5 cents during RTH which is $50.

Thanks for any reply.
 
It's cheaper comms. if you predominantly add liquidity.

1 ES = $4-$5 per roundturn.

500 SPY = .0035 (IB unbundled rate) - .002 (Add Liquidity) = .0015*500*2 (round trip) = $1.50 per round trun.
 
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Sorry I phrased that wrong. What I meant to say is why trade futures on the SPY instead of ES?
 
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