Fastest most volatile contract on CME

[The Bear 10]

In another post you guys recommended ER2 as a fast market on CME for intra-day trading. What is THE fastest regular sized (or mini) contract on CME that has good liquidity for intra-day trading....and available on GLOBEX during the day.

[Guest cooter]

By and far, for the mini-sized contracts, you'll find that the ER2 Russell has the most volatility on the CME. However, you'll find some slippage if you try to trade more than 10 lots at a clip.

[The Bear 10]

  cooter said:

By and far, for the mini-sized contracts, you'll find that the ER2 Russell has the most volatility on the CME. However, you'll find some slippage if you try to trade more than 10 lots at a clip.

 

Nice. Thanks for this info. I wonder what the spread is like.

[Guest cooter]

Anywhere for 1 to 5 ticks wide at times. It can get really thin after-hours, so your best bet is during RTH (9:30-16:15 ET).

[kerry123 10]

ER2, gap is all I do

[torero 10]

  kerry123 said:

ER2, gap is all I do

 

Hi Kerry and welcome to TL! So what do you days there are no gaps?

[Guest cooter]

I hope you're not doing any gap plays on the Russell. At $100/pt ($10/tick), even with stops, with the volatility of the ER2, you could face a real expensive lesson the hard way.

[weiwei 10]

Cooter, good point on ER2 gap. It is a wild bronco and get ready for the wild ride.

 

But if you can trade ER2 well, then it will reward you handsomely.

 

weiwei

[wsam29 10]

Pork bellies is pretty volatile.

 

I have not looked at bellies in a long time, but when I did, I recall that market gapping up or down on any given day 1 or 2 full points.

[Guest cooter]

How did you find the liquidity on bellies, though?

[wsam29 10]

man, just don't enter a limit order if you need to get in or out!

 

But if you don't want a nasty fill, put in a limit.

 

then again, they still have fast markets and when that is announced, all gloves are off, taht goes for all pit traded products.

 

I don't miss those, it takes forever to get a reported fill, even a market order and you have no clue where you got out.

 

That market gaps up and down alot, i think I mentioned it already, but trading meats is a totally different animal, no pun intended.

 

the liquidity is poor for bellies. I don't suggest anyone start trading that product like I did when I first got into futures.

 

if you're good at trading gaps, thats a market to be in. I'd say take a look, what else do you have to lose.

[Guest cooter]

  wsam29 said:

man, just don't enter a limit order if you need to get in or out!

 

But if you don't want a nasty fill, put in a limit.

 

then again, they still have fast markets and when that is announced, all gloves are off, taht goes for all pit traded products.

 

I don't miss those, it takes forever to get a reported fill, even a market order and you have no clue where you got out.

 

That market gaps up and down alot, i think I mentioned it already, but trading meats is a totally different animal, no pun intended.

 

the liquidity is poor for bellies. I don't suggest anyone start trading that product like I did when I first got into futures.

 

if you're good at trading gaps, thats a market to be in. I'd say take a look, what else do you have to lose.

 

You pit-trading via phone, or electronic interface?

 

I know at least one broker (Open E Cry) has pit-trading available from its standard DOM - it routes the order directly to the pit floor broker on their handhelds for execution.

 

Just food for thought...