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Interactive Brokers Large SP Contract


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#1 Russ

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Posted 14 June 2007 - 10:14 AM

Anyone have problems trading the big contract before. I originally put a sell in on the June contract at 1522 and later changed it to 1530. The 1530 price was on my screen as confirmed for several minutes but they sold it at 1522 anyways. At this point it is looking like it may be a good thing as the market only got up to 1524 june and is going down now. Interactive broker's help line person (chat session) said that it is likely because the large cme contract is not electronic and therefore has a delay, that makes it dangerous to day trade from what I can see. They are still investigating.
"Nulla tenaci invia est via" - Latin for "For the tenacious, no road is impossible".
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong



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#2 da_cheif

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Posted 14 June 2007 - 11:53 AM

using limit orders on the big contract thru a full service broker is the only way to do it imo

#3 Russ

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Posted 14 June 2007 - 12:10 PM

I normally only trade the mini but for a hedge the full contract is good, full service broker charges too much but I guess it depends how much money you are managing.
"Nulla tenaci invia est via" - Latin for "For the tenacious, no road is impossible".
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong



http://marketvisions.blogspot.com/