will NQ spread drop to ES spread level?

[Fitz]

Originally posted by Aaron
You don't like that equities are now traded in decimals? I like it a lot. I can narrow the spread and get in front of other traders if I want to be more certain of a fill on a limit order. I'd like to be able to do the same thing with the ES and NQ. And if I want to enter a market order, I'd rather pay a smaller spread than a larger one. What is not to like about narrower spreads unless you are a market maker? Please elaborate further.

Schindler Trading is a Commodity Trading Advisor and hedge fund manager. We <i>pay</i> commissions and bid-asked spreads. The lower our transaction costs the better.

No, I don't like that equities are now traded in decimals. That is one of the reasons I switched over to futures. As far as making sure a limit order is filled, I don't see the problem there. With the volume traded on the ES/NQ I don't see why you would have a problem getting filled at any price. I might be wrong about this, but it seems if they lower the tick size it would affect volatility. So if the spread was say 0.01 tick then it would not move near as nice as it does now and it would become a chopfest.

Point taken on your trading company.

Anyway, I don't see the CME doing this type of thing anyway. Just a hypothetical discussion.