If you look at today's YM / ES chart for Z contract and compare it to U contract you will notice that U contract had more volume than Z on a per interval (1 2 3 4 5 min etc.) char all day. Z contract is likely to take over Friday volume wise but I'll be waiting until the weekend to update TS #'s for Z contract in equity.
The thing to note here is that U had more volume per interval than Z all day. Obviously this is because of FOMC but normally the new contract will take over within an hour or so of cash open in the AM on the day of the roll.
I have never witnessed an entire day where old contract had more volume per interval than new contract.
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