Good news about position limits, possibly better news coming

We’re still working out with our attorneys and with regulators ways to possibly increase position size limits effectively imposed by futures exchanges. So I hope to have an announcement about that soon.

In the meantime, I have good news. While the position size limits have not been changed, I’ve updated the software to better show you which specific contracts are tradable. It turns out that many more contracts are tradable than you think.

Due to the way we previously displayed “maximum position size” for each contract, you may not have been aware of which contracts were actually tradable.

The technical details: previously we only showed you whether the “front month” of a futures contract was tradable for your strategy, given the number of subscribers you have. But in fact, the front month is not necessarily the month with the most liquidity, and so, in many cases, our web page merely showed you a futures symbol and said “Not tradable” – when in fact several contracts that are not technically the front-month contracts were tradable.)

To see what I’m talking about, take a look at the new Maximum Position Size page for your strategy. If you are a strategy manager here on C2, here’s what to do. First, make sure you know the systemid you are interested in (when you go to your strategy page, you will see something like: collective2.com/details/SYSTEMID). Once you have your systemid, go to this url:

https://collective2.com/maxPositionSizes/SYSTEMID

(or you can pull down the “Manage → Maximum Position Sizes” menu item on your page).

TLDR: The new page shows many many more tradable contracts.

This is only the start of what I hope are several good announcements. Hopefully, our new effort to engage the exchange regulators will bear fruit, expanding the list of tradable contracts (and increasing trading speed).

For now, I hope you will be please with the new Maximum Position Size Limits page, which displays many more tradable contracts.

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with index futures, the front month is ALWAYS the contract with the most volume. Not even close. This is why most professionals switch over on the the 2nd thursday or friday of rollover month.



@MatthewKlein i’m not sure why i’m not getting answers from the help team about my questions:

  1. if i limit my subs count on my current strategy, will that kick the newer subs out? and can you tell me what the maximum number of subs I need to continue trading (using the newest front month futures contract)

  2. Can I set multiple strategies with limited number of subs using the same CQG brokertransmit connection?

Please answer these questions

I was unclear. To comply with exchange rules, we take a rolling average of daily and per-minute trading volumes per contract over more than one day. The front month is not necessarily the contract with the highest rolling average.

To answer your questions:

  1. If you limit subs, you will not kick out current subs.
  2. I can’t tell you the number of subs you need to kick out (but, before you complain, see point 4 below)
  3. Setting up multiple strategies in order to fake-out the CME per-strategy restrictions is not a good idea. You’ll make regulators angry, and open yourself to regulatory action.
  4. My advice is: stay calm, and just sit tight - there is a very good chance that I will have good news to report very soon - perhaps even by tomorrow morning. I think you’ll be happy. Stay tuned.

MK

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How do I interpret the below fact for position limits

Maximum Position Sizes (collective2.com)

  1. NQ Positional shows the below
    |@NQH2|E-MINI NASDAQ 100 MARCH 2022|0|8|
    |—|—|—|—|
    |@NQM2|E-MINI NASDAQ 100 JUNE 2022|0|1|

Maximum Position Sizes (collective2.com)
2) NQ Quickie shows the below

@NQH2 E-MINI NASDAQ 100 MARCH 2022 0 4

i.e no information for NQ Quickie about @NQM2. ( if not tradable I would expect the ‘No tradable contract’ information). so what can NQ Quickie do with @NQM2?

Thanks and fingers crossed for the announcement!

Every strategy displays its customized “max position sizes” so that’s why your two strategies are showing different maximums.

The logic driving what’s displayed on the page is as follows:

For any futures symbol root (for example “@NQ” for the Nasdaq index), if there is ANY contract that is tradable for that root (i.e. if there is any @NQ contract) we show you the maximum position sizes for those tradable contracts only.

If there are no contracts tradable for any @NQ contract, we tell you that fact.

So for your “NQ Quickie” strategy, the fact that the March contract is tradable means that we show you that contract, but since June is not tradable, we don’t show it.

In any case - more announcements soon. Hang in there.

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