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Resting bids above market or offers below market?

  #16 (permalink)

North Carolina
 
Trading Experience: Beginner
Platform: NinjaTrader, Tradestation
Favorite Futures: es
 
Posts: 644 since Nov 2011

What I suspect is that the CME keeps all the order machines at the same distance so your order will arrive randomly with a whole batch of other orders. I suspect also that if you just start pinging in advance to fill a level that you would get throttled or something unless you had market maker status. But, if you think about it, if the depth has dropped to say 10 orders then you could submit your post quote in advance.

I have to admit this is more academic because it is unlikely that one could do much with this without specialized hardware at the exchange.

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