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hidden orders

  #9 (permalink)

Texas, USA
Trading Experience: Advanced
Platform: X_TRADER Pro, Custom
Broker/Data: NxCore
Favorite Futures: Futures, Spreads
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Posts: 224 since May 2014
Thanks: 531 given, 492 received

LukeGeniol View Post
Good post @SMCJB, there aren't hidden orders on CME. I read, don't remember where, that the volume of implied orders are not shown, is that true?

Implieds are executed as individual futures legs. The volume for a particular futures contract includes all volume resulting from implied trades. These trades are differentiated by specific markers. This is how charting platforms know when NOT to consider the last trade price on a futures leg that results from an implied trade for charting purposes (the OHLC etc will not be updated as a result of an implied trade) but the daily volume displayed in most charting platforms included implieds.

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