How is futures volume reported (split/combined/?) | Traders Hideout


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How is futures volume reported (split/combined/?)

  #12 (permalink)

Dubai UAE
 
Trading Experience: Beginner
Platform: NinjaTrader
Favorite Futures: Emini ES
 
Posts: 59 since Jul 2017
Thanks: 31 given, 51 received


choke35 View Post
Wipe trade is a term that institutions use when they buy large parts or the complete top level
of the order book if it only consists of small change so that there is virtually no danger that any
of the counterparties is knowing anything that they don't. Like one mops the floor they just wipe
off the small change (the wiped trades).

How can they see the level composition? I thought it's forbidden.
If they can, is there a possibility that "change" is indeed a big order divided into small orders by some algo mechanism? In this case to buy it could be a mistake...


choke35 View Post
So it appears cute when retail
traders regularly show up at algo battles with bow and arrow.

But still we know (do we?) that there are people who consistently make money. Maybe that's because of proper risk management and self-control?


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