Dec 13
We had some eyeballs on this market this morning resuling in a couple of CUS trades and (as importantly?!?) tighter spreads in a number of contracts.
The last five trades have been in the CUS contract (K12, X12, X14, X15, and X16), and the graph of bid/ask/mid quotes reflects the notion that “trading begets liquidity, and liquidity begets trading”. While other regional contracts have wider bid/asked spreads I encourage users to get familiar with inter-city spread trades as a way of capitalizing on these tight CUS quotes.
