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Stop Front-running and sub-pennying in CL
- Thread starter BPtrader
- Start date
Out of curiosity, how do they front run your orders om CME NYMEX electronically (Globex)?
Quote from Bernard111:
Out of curiosity, how do they front run your orders om CME NYMEX electronically (Globex)?
electronically, some computer program "sees" the order and takes an action before it, that moves the price by a penny or a fraction of a penny.
I used to think I got a fair fill at the bid or ask price (depending whether I was short or long), but they can actually front-run you in a sub-penny way. In other words, you don't even notice it at the bid/ask prices.
Quote from BPtrader:
electronically, some computer program "sees" the order and takes an action before it, that moves the price by a penny or a fraction of a penny.
I used to think I got a fair fill at the bid or ask price (depending whether I was short or long), but they can actually front-run you in a sub-penny way. In other words, you don't even notice it at the bid/ask prices.
Do you mean CL futures is not FIFO ?... :eek:
Minimum Fluctuation $0.01per barrel
http://www.cmegroup.com/trading/energy/crude-oil/light-sweet-crude_contract_specifications.html
http://www.cmegroup.com/trading/energy/crude-oil/light-sweet-crude_contract_specifications.html