[forrestang]

The micros are not anywhere near as liquid as their mini-future counterparts.

[enochbenjamin]

Originally Posted by forrestang »

The micros are not anywhere near as liquid as their mini-future counterparts.

Does it matter?

The reason I ask is because I trade oil. CL and QM. CL has very good daily volume while QM has almost none, but it doesn't matter because QM just mimics CL. The price trades lock in step just with 1/2 the value. The reason I sometimes trade QM is because I can double my stop while keeping the risk the same. A 10¢ stop on CL = a 20¢ stop on QM both are approximately $100.

[ziebarf]

I imagine if you kept your position size down, they would be tradeable. But I have never tried to enter in a market with poor liquidity and imagine you would get some bad fills. Anyone with some extra money want to test these things haha?

EDIT: Wow the volume on these things is really low..

[daedalus]

my only concern is that the CL/QM comparison isn't exactly apples to apples... the QM will still clear 12-15k contracts per day... the M6e (the most active of all the pairs) traded 2,400 contracts...

and i've found a lot of these kind of answers...

Volume very low, E7- no fill on stop limit order (maybe limit to small), M6E- minimum gain of 5 ticks to cover commissions. Found it not tradable.

Frankly... i want to trade liquid markets and these just aren't yet.

[thalestrader]

What is the tick value on the "micros"? The tick value on the 6B is $6.25. I'd not really want it smaller than that ... after all, my costs for trading the 6B are 2x's my costs for 6E, 6J, and ES when trading comparable size.

Best Wishes,

Thales