Most likely people are getting fed up with the data fees, They lost a lot a few years ago and I suspect just keeps shrinking as time goes by. There are less expensive choices with more liquidity.
I like TF. but now day, it is just jumping around with small volume. It is getting harder to trade it. so sad.
The ICE actually giving out promotion membership to trade it. Only about $250 to get the membership, but you have a deep discount on the clearing fee for TF.
I am considering to get one. however, with such a shrinking volume, i am not sure if i can be profitable with scalping TF.
There is no good answer for that...you just have to watch and trade some of the others to see if they work for you.
EMD is similar but is worse in regards to liquidity...seemingly anyway, I don't follow the actual numbers.
The ES is where you want to be if you're looking for volume. The TF (ER back in 07 ish) got taken over from the CME by ICE and it went down hill from there, ICE started charging something like $75. for data pretty much right away combine that with CME giving out free data and/or cheap package deals for their stuff and here we are. ICE profit kept climbing so they had/have no reason to give us a break in regards to fees...sorry getting long winded here.
The following user says Thank You to kbit for this post:
Thanks kbit. I'm looking for something to track the small caps stocks; TF is the ideal instrument for that . As you mentioned, EMD volume is even worse.
A side note - I really missed your postings in the Jokes section
The following user says Thank You to jonc for this post:
Trading: Equities, index options and futures options
Posts: 174 since Apr 2010
Thanks: 65 given,
166
received
You can contact the Russell company here and tell them you are unhappy with the policies of ICE. They are the ones who made the decision to take the ER futures away from Globex. They also recently took the RUT options away from the ISE which lessens the competition to make tighter markets.
