Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
@SMCJB, don't know where you find those numbers, it' interesting to have the average historical volume, citing the souce it's useful.
Anyway I think that those numbers are composite, maybe are about the total listed futures contracts and not only about the current trading month.
As soon I have time I will post some schreenshots to show this, and to show that the daily volume on the trading platforms are right and the one of interest for trading the current month futures.
These numbers are the composite volume for all contracts of every months listed for every instrument (all CL contracts, all Brent contracts, etc.), not only for the outright one ( the current contract with more volume.)
You can find the outright volume using free service like Kinetick end of day data on NT, or on a web data service like Barchart, or direcly on the exchange site.
Anyway the Brent slippage and "price jump" is more compared to CL, it depends also on the traded lots.
Try it and you will see that the sest bid and best ask are lower than CL.
Yes, BRN is only electronical. some other interesting things are that on BRN you can see all the orders in the order book (level 2), not only 10 levels like on CL, and fees and commisions are much lower than CL.