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OEC API > Market Data > Wrong Open Time for Meats in OEC Trader misleads traders
Author Topic: Wrong Open Time for Meats in OEC Trader misleads traders
(2 messages, Page 1 of 1)
Moderators: VPfau
CWeber984
Posts: 226
Joined: Apr 24, 2012


Posted: Jun 19, 2015 @ 06:14 PM             Msg. 1 of 2
From this documentation:

http://futures.gaincapital.com/trading/trading-hours.cfm

The hours on Meats are:
................................Sun Open...........Open.....Close.....Friday Close
Feeder Cattle.GF..CME..Monday 9:05 AM 8:00 AM 4:00 PM 1:55 PM
Lean Hog.......HE..CME..Monday 9:05 AM 8:00 AM 4:00 PM 1:55 PM
Live Cattle.....LE...CME..Monday 9:05 AM 8:00 AM 4:00 PM 1:55 PM

Note: Trading hours are in U.S. Central Time unless otherwise stated.

In OEC Trader, the Open hours for the above Meats are, in CT: 9:05 AM.

The odd 1:05 later than usual Monday open is presented as the regular open time. This makes traders think they can't trade Meats until 1 hour and 05 minutes later than the market actually opened. Of course, they might see quotes start to come in at 8AM and figure out the markets actually opened.

We request that the Open times for Meats be set to the regular open, not the atypical, later Monday open. This is the way the Meats hours were presented in the past.

Its urgent for us, because we use contract hours to determine whether we should send MKT orders to the clearing firm. Posting the wrong open means that traders won't be able to trade the first hour and 5 minutes of the session.

Thanks,
Edited by CWeber984 on Jun 19, 2015 at 18:20:08
CWeber984
Posts: 226
Joined: Apr 24, 2012


Posted: Jun 22, 2015 @ 03:51 PM             Msg. 2 of 2
As of Monday, June 22, '15, OEC Trader is presenting the right open hours for Meats. Looks great. OEC Trader Demo still presents the old incorrect hours for Meats.

Thanks,

CHW