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Why do markets frequently trade below the bid and above the offer?


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eminidude
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I always wondered why at times the last trade in the YM sometimes trades one to two tics below the bid and other times one to two tics above the offer. I use Zen-fire and NT and it has never gone down on me btw. I tried CQG but it could never keep up on my end.


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eminidude View Post
I always wondered why at times the last trade in the YM sometimes trades one to two tics below the bid and other times one to two tics above the offer. I use Zen-fire and NT and it has never gone down on me btw. I tried CQG but it could never keep up on my end.

This has been covered here in depth:



Short answer, Zen Fire is a feed that focuses on speed and latency for executions of trades, not on bid/ask accuracy.

Mike




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Last Updated on November 12, 2013


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