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CME reducing tick size of 6E EURUSD futures
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CME reducing tick size of 6E EURUSD futures

  #11 (permalink)
Elite Member
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Good point about the liquidity; I think we will see half the contracts at each level rather than more people coming into the market. It will probably trade faster than it did previously and will take some time getting used to.

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  #12 (permalink)
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CME is trying from years to attract more customers who are in the forex after its boom. So have tried with mini e micro FX instruments, but their liquidity is still a problem. Now with this new on 6E maybe there will be more attractive.

Take your Pips, go out and Live.
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  #13 (permalink)
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Wartrace View Post
I think we will see half the contracts at each level rather than more people coming into the market.

Possibly so, but I'm guessing that an attempt to attract more customers is their primary reason for doing this. And as mentioned above, the potential for increased arbitrage opportunities will probably attract more HFT's, anyway?

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  #14 (permalink)
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LukeGeniol View Post
CME is trying from years to attract more customers who are in the forex after its boom. So have tried with mini e micro FX instruments, but their liquidity is still a problem. Now with this new on 6E maybe there will be more attractive.

.0001 will remain $12.50 But now minimum price fluctuations shall be in multiples of .00005 = $6.25 . But .0001 will be 12.5$ as usual. The value of pip remains

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  #15 (permalink)
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Tighter entry prices presumably means easier or more liquid entry.. not necessarily more liquidity initially which is the eventual premise of the tick division.

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  #16 (permalink)
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What do the 'seasoned' traders think - Will we see a positive impact on the spread (staying same tickwise, i.e. actually decreasing) or just 'higher resolution'?

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  #17 (permalink)
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Less liquidity for sure it goes without saying . But less costs hence the bid ask spread would be half pip .

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  #18 (permalink)
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Surprise View Post
Less liquidity for sure it goes without saying .

Why?

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  #19 (permalink)
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Surprise View Post
Less liquidity for sure it goes without saying . But less costs hence the bid ask spread would be half pip .


Tymbeline View Post
Why?


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  #20 (permalink)
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tturner86 View Post

LOL - I'm "only asking". My thinking was that this is a move to designed to attract more customers, and in the long run (if successful) that's going to increase liquidity, rather than reducing it?

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