When is micro emini available on IB?

[Robert Morse]

Is there any announced plan to launch options on Micro ? I didn't find anything in google search.

The CME has a number of Micro symbols and to my knowledge, none have options.

 

[Robert Morse]

It's MES but I tried to simulate a buy and the preview screen says "your order is not accepted. this product is only limited to certain test accounts"

That is your broker testing not the CME.

 

[trader99]

That is your broker testing not the CME.

how's the liquidity?

 

[Robert Morse]

how's the liquidity?

I do not have a live CQG platform. I did call Wedbush Future and asked if one of my clients wanted to trade it right now could I enable it and they said yes.

 

[destriero]

The liquidity is meaningless. It's going to be arbed against the big. I wonder if any of you people actually trade.

 

[maxinger]

hmm. volume very low.

as of now,
MES volume is 4k &
ES volume is 270k.

 

[heywally]

MES on IB TWS is currently in test mode and unavailable to us, so that volume is misleading. Even in test mode, the spread is pretty tight - there are supposed to be 10 market makers associated with these products. Volume/liquidity/spreads aren't going to be a problem with these, for most people.

 

[SumZero]

It's MES but I tried to simulate a buy and the preview screen says "your order is not accepted. this product is only limited to certain test accounts"

Right now I don't get the message anymore. It seems is live in IB.

 

[Robert Morse]

My personal opinion is these are not good scalping symbols. They are targeting very small accounts or equity traders that swing trade SPY and can't get PM leverage and want a 1256 contract. If you can trade the ES you should. If you trade SPY in a $20,000 account, the MES is a better trading tool.

Bob

 

[heywally]

My personal opinion is these are not good scalping symbols. They are targeting very small accounts or equity traders that swing trade SPY and can't get PM leverage and want a 1256 contract. If you can trade the ES you should. If you trade SPY in a $20,000 account, the MES is a better trading tool.

Bob

Clearly not good for scalping. Then again, I think that scalping is a counterproductive technique, in the long run, relative to even buy/hold. Excellent though for people (even those with larger amounts of capital than 20K) who are scaling in and out with a rational timeframe strategy.