... have started in stocks underlying the E-Mini and SPY, thereby affecting their prices, we compared the order books of the E-Mini and SPY to that of a basket of large-cap stocks. To do so, an aggregate ... Mid+%3.0 Mid+%5.0 Mid+%5.0+Mid-%0.1 Mid-%0.2 Mid-%0.3 Mid-%0.4 Mid-%0.5Mid-%1.0 Mid-%2.0 Mid-%3.0 Mid-%5.0 Mid-%5.0+Shares (Thousands) -6 00 -4 80 -3 60 -2 40 -1 20 0 120 240 360 480 600Time2:40 ... Mid+%3.0 Mid+%5.0 Mid+%5.0+Mid-%0.1 Mid-%0.2 Mid-%0.3 Mid-%0.4 Mid-%0.5Mid-%1.0 Mid-%2.0 Mid-%3.0 Mid-%5.0 Mid-%5.0+Shares (Thousands) -8 ,000 -6 ,400 -4 ,800 -3 ,200 -1 ,600 0 1,600 3,200 4,800...