Trading large volume on the ES

BoyBrutus

BoyBrutus

Some traders here have said that it is difficult to trade large volume on the ES even though you see 1k blocks getting traded all the time, why is this?

Can you trust what you see on level 2. Can you hit what you see with a market order without them pulling bids.

Also I read Globex matches 30 contracts or less, so what happens if you do 31? I noticed someone mention they watch for blocks above 31 what is the significance of this besides being less retail traders.

Thank you for your responses
 
With the exception of a market meltdown/up during Economic announcements, you can move 500 ES contracts within two ticks most the time during RTH.

I know nothing about the GLOBEX matching system other than Globex is generally a liquid marketplace.
 
For the Russell, the bid/ask size will be less 10 contracts when the markets is quiet. Active times you should be able to fill 20-30 contracts instantaneously.
 
Quote from BoyBrutus:


Also I read Globex matches 30 contracts or less, so what happens if you do 31? I noticed someone mention they watch for blocks above 31 what is the significance of this besides being less retail traders.

Thank you for your responses
More...

Explain this! I think your info is false.
 
Quote from BoyBrutus:

...

Also I read Globex matches 30 contracts or less, so what happens if you do 31? I noticed someone mention they watch for blocks above 31 what is the significance of this besides being less retail traders.

Thank you for your responses
More...

"An E-Mini futures order for 30 contracts or fewer must be traded on GLOBEX®2. During pit trading hours, orders for 31 or more contracts must be traded via open outcry on an All-or-None (AON) basis only."

Romik

EDIT: I've gone up to 30 lots per trade with no problem using a market order, .25 slippage/instantaneous fill
 
Is the 30 contract limit still in place?

Googling revealed pages stating this that were from the when
the E-Minis were first introduced, ie almost 10 years ago.

Also i dont think its called GLOBEX2 anymore.
 
Quote from Businessman:

Is the 30 contract limit still in place?

Googling revealed pages stating this that were from the when
the E-Minis were first introduced, ie almost 10 years ago.

Also i dont think its called GLOBEX2 anymore.
More...

that could be the case, I would only monitor T&S unfiltered after/pre-market
 
It used to be that you could only execute 30 minis at a whack. This changed aprx four years ago. It has changed a couple different time in the past few years. Im not for sure but I think the limit is around 1500 per trade now. Jim
 
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