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Strategies & Market Trends : Trading the SPOOs with Patrick Slevin! -- Ignore unavailable to you. Want to Upgrade?

To: Esteban who wrote (5879)	7/15/2000 7:58:38 AM
From: Patrick Slevin	Read Replies (1) \| Respond to of 7434

I have not noticed it to be useful on anything to be honest. I suppose BMI was okay, but when we look at b/a we stick to the mini because the reporting is faster. Even if QCharts sent you b/a info on the large it would have a delay on it. I would think it's a bit more surreptitious on the CME than on the NYSE, for example. Larger blocks tend to be worked differently than just throwing it up onto the bid or offer. Plus you add in the effect that it's an open outcry system and chaos is more the order of the day than it might seem on the small contract. It's easier for the machines to "see" and record/report what size is than it is on the pit trading. You might ask Ike if he thinks differently. I would think, however, that in this regard QCharts is being fair when they tell you they have no control over the issue. Mini volume, on the other hand, QCharts does not carry and BMI does (as I recall). But b/a on the large is most likely useless....unless you are in the pit and "know" if there is size floating around somewhere. The "squawk box" stuff that some houses sell may help with that....never tried it myself.