What is Depth of Market and how can it Help You?

In doing research, I have been able to build a good “resource” base from which to pull trading strategies.  Having solid “market awareness” gives an edge as to which trade strategy to employ, which at times is to stand aside and not trade. It is a constantly changing learning process.  Technology has replaced trading pits with servers and high-speed connections routing orders from all over the world.  All major exchanges are now electronic.  Some continue to operate open out cry trading pits, such as the CME and CBOE, and CBOT in a ‘side-by-side’ fashion with electronic trading.  Electronic trading though, continues to execute the bulk of daily volumes. The past several years has seen global consolidation amongst exchanges.   The CME bought the NYMEX/COMEX, CBOT, and LIFFE.  ARCA bought the Pacific Options Exchange and then was purchased by the NYSE.  The AMEX sold to the NYSE, which then merged with Euronext N.V. to become NYSE Euronext, Inc.  NASDAQ bought th
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