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Funny. Since I was shocked to be wrong "old", I called three guys that used to be in that crowd. One said he thinks they are switching to all electronic but was not sure what would happen to regular contract. The two other guys, like me, new the demise was certain, but had NO IDEA Sept WAS the end.
As for position limits on ES being 100 contracts, all I see is 100 contracts is a "Reporting Level." I don't see a "Position Limit" unless I'm reading it wrong.
I'm sure there are traders who move that kind of volume.
I'm curious how liquid/scaleable ES really is though. If you're intraday swing trading your strategy should be perfectly scaleable, but I'm not so sure a scalping strategy necessarily scales from 5 contracts to 150 contracts. Anyone know?
"Money for nothing and the chicks for free" Gotta have money to make money, bro. The trade cost for futures contracts is quite small, unfortunately you gotta have collateral, aka Margin, to cover the trade in case he goes South.
Maybe good to make the distinction that the goal would ideally be to understand what work needs to be done, and then execute that, such that one can trade 100 contracts successfully.