CME innovating by keeping tick size the same for two decades despite overwhelming evidence that market makers would quote tighter if they could.
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Liquidity takers should thank the Fed for grinding stocks higher - top of book spread on ES futures has compressed by a factor of 4 in the last decade entirely because of price increases (in points terms it is a flat line)pic.twitter.com/QyZr5OG18l
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Does Leo Melamed have a Twitter account? I really hope so, I want to tag him into this.
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this graph looks so much like a long SPX vol strategy it hurts my brain
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It's essentially a chart of 1/SPX so that checks out (except for a very brief period in March 2020 when the spread was an astounding two ticks instead of one)
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Thanks fed. Instead of being a soured bitch I'm grateful to you for making me money.
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Hi! you can read it here: Liquidity takers should thank the Fed for grinding stocks higher -… https://threadreaderapp.com/thread/1423017180334022658.html … Have a good day.
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