It’s hard to say because it depends on who’s trading. If every trader is putting in $100 orders, then a market move probably represents a real probability change, not just a liquidity issue. But the market will pop if a single trader puts in a $100K buy order.
Is $600k a lot of money for one future on a niche trading platform? I feel very uncertain about this fact.
It’s hard to say because it depends on who’s trading. If every trader is putting in $100 orders, then a market move probably represents a real probability change, not just a liquidity issue. But the market will pop if a single trader puts in a $100K buy order.
In the context of financial markets, $600k is extremely small. Here are some ~average daily volumes for context:
US 10yr treasury futures (extremely high volume): $200bil
MSFT (very high volume stock): $13bil
NWS (~smallest stock in SP500): $35mil
GME (GameStop): $150mil
In the context of a niche trading platform? Idk. I was surprised because I didn’t realize this market existed at all.