Warning to all CME traders!!!!!

Quote from minmike:

nobody can see contra party in real time electronically. after a couple of minutes... I don't know.
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What software shows it? After a few minutes possibly?

If you pay close attention to the DOM(depth of market) pane, then you will see the size of the contracts in real time.
 
So could this be the case with stocks too? I mean someone on the other side sees that it's me, a piker day trader, and trades against me?
 
Quote from Scalper007:

So could this be the case with stocks too? I mean someone on the other side sees that it's me, a piker day trader, and trades against me?
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You're toast.
 
X Trader is the only software I know of which shows counter party info. I never used it. MM's I am sure use it in X Trader though. But I have only been busten out by a MM when trading in an off hour and my stop is too close to the market. I was trading the Euro at the afteroon open had my stop about 7 ticks away with not many on the DOM and boom, bye bye in about 30 seconds! Then the price went right back to where I entered. I learned quick when to check the DOM for volume before placing an order.:D
 
Ok.. I'm resuming this old thread now that we are months after the CME-CBOT merge so some discussions about eCBOT are outdated.

- Which is the situation about the - counterparty ID# information available on CME Group?

- does the CME Group 10:1atio for messaging really limits the profiling of orders on DOM?

Any update?

Bernard
 
Why wouldn't you want to know?

the information is known to insiders like market makers/brokers, they know everybody's identity in each and every trade

it's all abouit equal access to informatino.

the value of information, man they even have inside informatino is illegal. you have competitive advantage if you know this stuff. like front running.




Quote from RedDuke:

Hi Pabst,

My experience with markets is very pale when compared with yours. I am curious why you would prefer to know who is on other side of a trade?

Thanks,
redduke
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nasdaq is roots or tradition of being a scam market started in the early 70's

all the market makers move to CME.

CME is a real market.

this post was in 2005 that was when all the big shots or big players who are just as useless as pikers or small 1 lot traders proving useless liquidity etc.

the market doesn't need traders either. market makers/traders/brokers provide useless service to the markets.

the markets doen't need us traders/brokers/market makers.





Quote from Pabst:

I certainly hope that Chicago futures exchanges have enjoyed in their 150 years of existence, an adherence to higher moral and ethical standards than freakin' Nasdaq market-makers! As recently as ..well.. TODAY, crude, gold, cattle, soybeans etal are trading in the most transparent possible marketplace, open outcry. Brokers who are filling paper in those pits for commercial accounts will freely tell counter parties "who they were." What makes you think that just because we're now on the screen, with the benefit of FIFO, that anonymity is favorable?

You speak of "no reason to know". I'm not asking for the account on the trade, I'm asking which clearing exchange member traded with another exchange member. In a world that allows home sale records, data that includes individual's names, addresses and financial records to be transmitted publicly on-line or in a daily newspapers RE section, the CME and CBOT should feel that a completed trade is in the limited public domain. In the most liquid markets in the world, no participant has a right to know if a firm is cornering a market? In gold they can know. In crude they can know. But Treasuries and indices by virtue of the screen should be exempt from that scrutiny? I think not. Does a shareholder have a right to know "privileged" information? I say in most cases, yes. So yea let me and everyone who cares know if it's Gelber or Goldman on the otherside.

Someday, a rogue event is going to occur. Either a series a few hundred 1000 lot market orders or a credit failure, what have you. Not to mention mega-theft. When that happens you'll tell me that transparency is openness not secrecy.
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these big shots think they control the market with their money and their algorithms.

well fuck you man.

the SEC can bust your business and shut you down whateve they feel like it.




Quote from Bernard111:

Ok.. I'm resuming this old thread now that we are months after the CME-CBOT merge so some discussions about eCBOT are outdated.

- Which is the situation about the - counterparty ID# information available on CME Group?

- does the CME Group 10:1atio for messaging really limits the profiling of orders on DOM?

Any update?

Bernard
More...
 
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