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what happened to CL in Sept 06 ?
Updated May 1st 2012
ron99
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what happened to CL in Sept 06 ?
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#1 (permalink
portland, OR
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I was looking at a multi year daily chart of CL and noticed that volume seemed to go from barely existent to full-on in a spike that lasted less than a month. This happened around Sept 2006 and I'm wondering if anyone knows what exactly happened around that time that made this contract so liquid all of a sudden ?
Can you help answer these questions
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#3 (permalink
the coin hunter
virginia
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must be the day high frequency traders discovered CL.
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#4 (permalink
La Jolla, CA
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Platform: Sierra Chart, X_Trader Pro, OptionsCity
Broker: Advantage, Trading Technologies, OptionsCity, IQ Feed
Trading: CL, NG
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pepelucho
I was looking at a multi year daily chart of CL and noticed that volume seemed to go from barely existent to full-on in a
spike that lasted less than a month. This happened around Sept 2006 and I'm wondering if anyone knows what exactly happened around that time that made this
contract so liquid all of a sudden ?
Image attached
CME to offer Globex trading in Crude Oil which would explain the spike up in volume.
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#5 (permalink
Cleveland, OH
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Privare Banker is correct.
Quoting
Initial trading of NYMEX energy products on
CME Globex, currently scheduled to begin in the second quarter of 2006, is expected to include side- by-side trading of NYMEX standard-sized and NYMEX miNY™ energy
futures contracts for crude oil, natural gas, heating oil and gasoline with NYMEX's floor-based products during
open outcry trading hours and when the NYMEX
trading floor is closed. In the third quarter, all products trading on NYMEX ACCESS®, the exchange's after hours electronic trading platform, are expected to transition to CME Globex. Also under the terms of the agreement, CME Globex will be the exclusive electronic trading platform for metals products currently listed on the COMEX Division, with an anticipated third quarter launch.
General Atlantic NYMEX to List Energy Futures Contracts on CME Globex® Platform Through 2016 : Global Growth Investors
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