Can someone help me understand the way CME filters the data with the changes they made and was it really a good idea for Cumulative Delta tracking. I have started trading with Market Delta software after the change the CME made its changes data reporting, but it seems like it was a step backwards for order tracking.
A friend told me of a similar post about this on another forum, but Big Mikes is the only forum I spend time reading so I wanted to bring this topic here.
What I read there is there used to be on average 1800 trades a day of 199 contracts or more, now we have about 400 a day. The average trade size used to be 12 contracts, now it is 3-4. Before if a 100 contract order was placed it would read as that or maybe 2 separate orders. Now if a 100 contract market order takes 40-70 different parties to fill that order that is how the tape would read.
Was this an idea of the large traders to stop the retail traders from being able the track them, since the use of Market Delta has become more common?
Maybe I am missing something here, so please help if I am, but I would rather the data be reported the way it was before.
I would like to know how the big players are trading not how they are FILLED