Quote from $preader:
I was talking about 1/2 tick reduction in Bobl actually.But now you come to mention it wasn't the flipper a great addition to the trading community?Trading the order-book with a nice plan - fuck the locals and root out stops,cause mayhem amongst anyone trading intra-contract spreads.On what Exchange did he flourish?That's right,on Eurex.People were complaining about him for years and he cost a lot of people a lot of money.
They could have done the same, but they did not. Whose fault is it, that they lost money.
I did not know about bobl tick reduction. Not that it really matters to me.
Globex actually done the same on one of the treasuries, plus they reduced the book visibilty by 5 levels.
