Spurious Ticks...

[arvane]

There appears to be some bad ticks coming across on the intra-day charts in GC G0=1, SI H0=1...

this appears to be only the electronic symbols...and the ticks appear to be the settlement prices re-transmitted...and causing the intra-day charts to display strange bars...

this just started...I noticed it one or two days ago on a chart...but today its present in Gold and Silver...

any help would be appreciated...

-James

[eSignal_AveryH]

James,

Thanks for the post, we're aware of the issue and our QA department investingating the cause. Once we have more information we'll post back here.

Thank you for you patience and we apologize for any inconvenience.

[shortandlong]

Having the same issue. Really messes up things like RealTimeSwings.efs or any indicator that's range based.

Personally, I'd like to have an option to never display settlement prices on charts...

[ScottJ]

For daily charts, there's actually a setting under properties that lets you choose whether to use the close or the settlement price (it's a checkbox in the lower left under Properties). Only applies to daily charts though.

Thanks.

[arvane]

Thanks! That was great! I did not know that....

Any word on the spurious closing prices intra-day?

-James

[shortandlong]

Bad ticks for GC G0=1 are making intraday charts almost UNUSABLE!

There are at least 7 spurious ticks on yesterday's (12/22/09) 20S chart. Time is CST time zone.

What's totally bizarre is the bad tick at 10960 appears to be the previous day's settlement!

And, all the bad ticks at 10867 appear to be that day's settlement, even the one around 12:40pm!!!

Likely this is due to a change in the way the exchange is calculating settlement prices. it appears the settlement price is no longer close to the "last" price, but SETTLEMENT IS AN AVERAGE OF A GOOD PORTION OF THE DAY'S TRADING.

Given the above and since settlement prices are now occuring WHILE TRADING IS STILL ONGOING, it no longer makes sense to put settlement prices on intraday charts AT ALL!

Please fix this and remove ALL settlement prices from intraday charts.

SETTLEMENT PRICES AREN'T TRADABLE! With EFS, indicators, buy/sell signal generation, automated trading, etc. they don't belong on charts.

[shortandlong]

FYI, the reason the settlement price is so far off is because the CME Group hasn't gotten around to changing their Daily Settlement Procedures. According to their document Here, Metal Futures Settlement is still using the pit, where volume is almost non-existent.

For example, for today (12/23/09), GC G0 settlement price is 10940, according to the CME Group's website. See the corresponding charts of GC G0=1 (Globex trading) and GC G0=2 (pit trading).

Regardless, eSignal should remove settlement prices from intra-day charts.