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thanks to shzhning who posted that link, but once again I must be critical of CQG's documentation which always makes you yearn for more .
It may be only me but by reading the link I actually don't understand what they're talking about.
My own interpretation:
I use the button if there is a spread between the inside bid and ask of several ticks and I don't want to see it.
Example: the product being traded has price increments of 1 (such as in 3000, 3001, 3002, etc.). The bid is at 3000 and the ask is at 3010. If the button is 'unpressed' I would see all the prices from 3001 to 3009 which are between bid and ask and are without any resting orders. By clicking on that button the spread disappears and I only see bid at 3000 and next price up I see is ask at 3010.
To undo that, you just right-click on the same button (sometimes it seems to me you need to right-click on it twice, not sure yet why).
Can you help answer these questions from other members on NexusFi?
xplorer yes your interpretation is correct. I used this button in the past when I briefly traded copper. This is a volatile and fast market, sometimes with large bid/ask spread. I believe this is the reason why CQG came up with this button. For popular markets like ES and CL, there's really no use for it.
Unless you know a better way, I also use it when I have multiple DOM windows open at the same time and if I want to center only one of them, then I use that button.
If I want to center all the DOM windows at once I just middle click on the DOM.
I used a similar feature in X_Trader trading nymex energies where I would only see (using WTI as an example) every 10 ticks, as every tick was just all over, so it can be good.
yes there's another way. I would just press the Home button on the keyboard and the DOM is centered. It's not better or worse, just my "quick and easy" preference
The spread compression tool is best used, imo, on options DOMs where there can be VERY wide spreads depending on the product, exceeding the height of the dom in some case (silver options, I'm looking at you). It's just a handy way to keep both the bid/ask in view but hard to trade options with since you will usually get a fill at the mid price plus/minus 1 tick.
You can adjust the types of spread view by right mouse clicking the button
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It'd be useful if there were people who connect to Europe-based servers as well, just trying to understand whether these are my own issues or general bandwidth issues across the pond.