1) It’s clear right now that prices *seem* volatile (in comparison to a pre sell order world) This is only due to the lack of ‘weight’ behind offers, if you compare it to the entirety of the FI market.
2. Someone can come in and undercut a £10 player with a 5% spread, to £9.70 with 300 futures as an offer. This then shows as a player ‘decreasing’ by 30p, when in reality - all it’s showing you is the lowest offer.
3. Would I like there to be 1000 or more shares behind each ‘offer’, probably. Would I like depth of market to be seen, absolutely.
Both of these would likely stop traders being scared about the price they see on screen, whichever way you look at it.