One ES mini has a commission of 2.40
One SP Future which is 5X the mini has a commission of 3.50
5 ES minis thus have a one way commission of 12.00 vs 3.50 for the big guy
The problem however has the following background;
During the night the GLOBEX entry for the SP futures shows active bid ask and last and can thus be traded.
During the same time (outside of regular market hours) the CME entry for the SP shows no bid and ask just the close from the previous day session.
Concurrently the ES GLOBEX shows a bid ask on the E mini (ES)
The issue is during the day.
During the regular trading day the GLOBEX SP (big ones) show no bid ask and cant be traded. The CME entry also shows no bid and ask just the last trade but can be traded.
Simultaneously the ES ( E mini) shows a bid ask and last during normal trading hours just as it did outside of normal trading hours.
So the questions are .
Can a big futures contract established on GLOBEX during the night for the SP (big ones) be offset by 5 ES (minis) during the day ?????
- Can one trade the CME SP with no bid ask shown during the day for the big ones?
- If yes to 2 above does such a trade offset a position established during the night on GLOBEX for the SP since it's a different TWS line ?
Edited by zedor, 04 August 2007 - 08:39 AM.