SSFs - Anyone trading them?

[lindq]

Have you traded SSFs on stocks lately? Interested in any comments on spreads and liquidity, and how they are tracking the underlying.

 

[whitster]

the spread on many SSF's suck, although if you bid in between the spread, on some of the more liquid ones, you can sometimes get filled

i have used them occasionally for position plays

 

[lindq]

Quote from whitster:

the spread on many SSF's suck, although if you bid in between the spread, on some of the more liquid ones, you can sometimes get filled

i have used them occasionally for position plays

Thanks. I had seen notices that fills are not even being guaranteed on some SSFs. Yet they continue to add them.

I was also finding last year in a few tests that they were tracking the underlying in strange ways. So it seems an interesting concept that just isn't ready yet for prime time. Too bad.