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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures

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To: Gary E who wrote (25985)	6/24/1999 10:34:00 AM
From: SE	Read Replies (1) of 44573

I believe that was a stop run. I am certain the SPOO never got to 1332.00, only the mini did. LBR mentioned to me that the mini and electronic trading is dangerous, because the bids can evaporate and create what you just saw. She said with open outcry that would not happen like that. Therefore you are more subject with the mini to get hit on a run like we had and they are more frequent than with the open outcry SPOO. EDIT - To some extent the arbitrage between the two pits should prevent that, but unfortuantely not until after the damage is done. The reason it should recover quickly from something like that is the guys trading the minis next to the spoo pit can buy via their terminal say 5 eminis at 1332.00 and immediately signal their order to sell one large spoo in the pit at 1335.00 or whatever. The spoo only got to 1335.60 on that downdraft in the mini....that is quite a nice spread for the boys.......

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