"THE MARKET... consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Alexander Elder

Friday, January 11, 2008

Playing "footsy" with the FTSE

Via fellow trader "Pupkinus", we have new links for the FTSE and DAX.
The Eurex is described as being "one of the world's largest derivatives exchanges and the leading clearing house in Europe." Check out their site at EUREX.

Thanks Pupkinus!
I wonder what the volume is like compared to the CME?


pupkinus said...

The volume is lower. But a trader living in a globalised world must have his eyes wide open to all the relevant markets.

You can make yourself a late Christmas present by making a habit out of checking the FTSE, DAX and Nikkei225 direction of trading before you start you trading day in SP500 (if you don't do that already). I bet it can provide some valuable hints quite often. It is NOT a stand-alone sure-fire method but it surely is a good additional indicator.

btw. I have a blog now :)

hope to see you there

best regards

Charles Longfellow said...

Thanks for the advice and congratulations on your new blog. I have linked you on my front page right beneath NDD. See comments your forum.

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What is a Bucket Shop?

"Bucket Shop is a specifically defined term under the criminal law of many states in the United States which make it a crime to operate a bucket shop. [2] Typically the criminal law definition refers to an operation in which the customer is sold what is supposed to be a derivative interest in a security or commodity future, but there is no transaction made on any exchange. The transaction goes 'in the bucket' and is never executed. Without an actual underlying transaction, the customer is betting against the bucket shop operator, not participating in the market."
see: Wikipedia

The SEC believes that "internalization" is somehow different, and this affects ALL of your online trading, no matter what you are trading. Trades that are executed outside of the exchange, never reaching the main market, effectively hide data from technical analysis, and skew pricing.
see: Not a bucket?

"... internalization hurts retail customers and market quality"

see: EconPapers

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