SPI 200 and Futures Options

[Art_Cashin]

Low margin, I think I've heard this 'selling point' before... Now where was it again?? Oh thats right from bucket shops,

Hey Pit if Global is so good why did the biggest prop shop in Australia, the true locals, dump them and go with Fortis????????

And who else use Fortis to clear... oh thats right IB. LOL!!

I have no association with any broker.

If a trader was pushing volume day trading why would you pay 4K to trade 1 lot when you could do it for 1k.These guys go out for a cup of coffee and they ring their broker to monitor their position.Try getting IB in HK to do that with 300 10yrs on the go.Ib don't even allow trading in the bonds or bills on the SFE.Bond trading is far bigger than any index futures.There is a clear reason for this no one who trades volume uses them in Aust.Overseas I have no idea who uses what.

Please explain why IB do not trade the bonds or bills on the SFE ?

 

[Art_Cashin]

Low margin, I think I've heard this 'selling point' before... Now where was it again?? Oh thats right from bucket shops,

Hey Pit if Global is so good why did the biggest prop shop in Australia, the true locals, dump them and go with Fortis????????

And who else use Fortis to clear... oh thats right IB. LOL!!

I trade more Bonds than Spi by a large margin,so do most local guys.
How are IB going to help me here.

Go on.......

 

[Art_Cashin]

Low margin, I think I've heard this 'selling point' before... Now where was it again?? Oh thats right from bucket shops,

Hey Pit if Global is so good why did the biggest prop shop in Australia, the true locals, dump them and go with Fortis????????

And who else use Fortis to clear... oh thats right IB. LOL!!

No one I know dumped them for anyone.
If they dumped them why didn't they join you at IB.

Your digging a hole here.....

 

[Trembling Hand]

No one I know dumped them for anyone.
If they dumped them why didn't they join you at IB.

Your digging a hole here.....

Propex who do HUGE spi volume dumped Global. big loss end of story.

Of course they wouldn't go to IB they set up the same connectivity as IB.

You are digging your own hole. or should I say digging your own pit. hahahah

 

[Trembling Hand]

Please explain why IB do not trade the bonds or bills on the SFE ?

Mate I have no idea why they even bother with the p!ssant SPI?

 

[Art_Cashin]

Mate I have no idea why they even bother with the p!ssant SPI?

I'll tell you.

The locals trade mainly bonds and then Spi.They find a broker they are happy with then stick to it.When you are trading 300 10's at a time the broker becomes very important.They get into the Spi then if they need to get out they ring their broker to get them out while they are watching their bond position.They trust their broker as they were traders on the floor before it closed.If they cannot speak to a person who knows the bonds and the spi to work orders for them the broker is no use.IB are a very good internet Broker that serve a purpose in this country.The bigger local brokers serve a different purpose.These guys dont trade from home they rent space and share it with 5-6 other guys and trade all day....mainly the bonds.

 

[mazzatelli]

I trade more Bonds than Spi by a large margin,so do most local guys.
How are IB going to help me here.

Go on.......

Interesting - a FI trader
May I ask what types of bets you take on these, since they are more involved than trading index/equity spot?

 

[Trembling Hand]

I'll tell you.

The locals trade mainly bonds and then Spi.They find a broker they are happy with then stick to it.When you are trading 300 10's at a time the broker becomes very important.They get into the Spi then if they need to get out they ring their broker to get them out while they are watching their bond position.They trust their broker as they were traders on the floor before it closed.If they cannot speak to a person who knows the bonds and the spi to work orders for them the broker is no use.IB are a very good internet Broker that serve a purpose in this country.The bigger local brokers serve a different purpose.These guys dont trade from home they rent space and share it with 5-6 other guys and trade all day....mainly the bonds.

What now you're trying to pip your trading room space?? Where is it you have empty desks? The City office or Vaucluse one or is it both because they have all moved on?? Your companies a joke. Who would touch you when your are so dishonest.

Its a friggin joke. No won here is interested. We all stated about 200 post ago if you think you need a local monkey to watch your stops while you have a latte then global sounds great (LOL).


by the way its noted that you have skipped over my question about why propex your biggest customer dumped you? They are just the kind of locals that trade bonds & equities and do the huge volume. So if your service is so good why did they flick you?

As to why IB doesn't offer bonds I thought it would be clear. I would guess that they didn't think it would fit with there customers. Surely as a salesman/women you can see that.

 

[42S]

TH

It has been a long time since I posted here one of my collegues brought you post to my attention.

you need to get your facts straight here there is no office in Vaucluse I think you mean Double Bay who cares anyway .

What he previous poster was trying to emphasize was if you are doing any size you would not be using IB a fact that is pretty clear .

I dont know what your beef is with MF ? set up a fortis acc then .

I think you will find that the vast majority of Locals trade FI anyway so the SPI is not their focus . Propex do heaps more equity outrights .

MF provides services for us Locals who were previously with Lquay or Broker one in the form of infrastructure etc .
There are other prop shops with them .

 

[Trembling Hand]

42s It not me with the screwed facts. Its pit trader BSing with the trades that no one can find on the exchange. LOL.

Other than mixing up Vaucluse for double bay (hey I'm Melb) I don't think I've got anything wrong. I have nothing against Golbal other than these facts,

Their decent front ends cost $12,000 per year, (IB close to nothing)
They seem to think having a broker work your stop order while your drink coffee is the ducks guts,
Their volume discounts are not better than IB for what I trade. Last time I asked they wouldn't match what I get from IB trading HSI @ 15.8 HKD per side. (so if you big guns want to bang out 1000s of RT and pay MORE than me I'm happy for you)


But if you bothered to read back before you stuck your head in hear I said very clearly if you like what global offers knock yourself out. It was Pit registering as a second poster and carrying on his dishonest and stupid ranting that has made this thread the wasted space it is.

I'm more than happy to leave it at that.

 

[Bob Pisani]

42s It not me with the screwed facts. Its pit trader BSing with the trades that no one can find on the exchange. LOL.

Other than mixing up Vaucluse for double bay (hey I'm Melb) I don't think I've got anything wrong. I have nothing against Golbal other than these facts,

Their decent front ends cost $12,000 per year, (IB close to nothing)
They seem to think having a broker work your stop order while your drink coffee is the ducks guts,
Their volume discounts are not better than IB for what I trade. Last time I asked they wouldn't match what I get from IB trading HSI @ 15.8 HKD per side. (so if you big guns want to bang out 1000s of RT and pay MORE than me I'm happy for you)


But if you bothered to read back before you stuck your head in hear I said very clearly if you like what global offers knock yourself out. It was Pit registering as a second poster and carrying on his dishonest and stupid ranting that has made this thread the wasted space it is.

I'm more than happy to leave it at that.

If you read this thread it very obvious who knows what and who is struggling.

 

[wayneL]

If you read this thread it very obvious who knows what and who is struggling.

Hi Pit Trader

Goodbye Pit Trader

 

[42S]

I knew I would get a nice bite from TH
Retail small vols on equity indicies IB = fine

Local or exchange prop member ( SFE ) you are more than likely to be using MF , by virtue of the vact that yes you will be doing ****loads of RT in comparision to equity index outright vols .

Costs Pre GFC MF wore most costs if you had decent vols and besides you gota pay to play . All cost of business my freind or if Prop you are not paying it anyway but you are giving your split away

cant see too many Bills traders 3's etc changing to IB even if they only do 5, 10- 20K per month. They are focused on the retail side of things as you would already know .

So in essence you are barking up the wrong tree in that respect .

I dont care who clears through who you could use New Edge or any other for that matter whatever works for you .

New Edge & fortis dont offer the Service MF does anyway in Physical space etc so that pretty much clears that up .

 

[wayneL]

I knew I would get a nice bite from TH
Retail small vols on equity indicies IB = fine

Local or exchange prop member ( SFE ) you are more than likely to be using MF , by virtue of the vact that yes you will be doing ****loads of RT in comparision to equity index outright vols .

Costs Pre GFC MF wore most costs if you had decent vols and besides you gota pay to play . All cost of business my freind or if Prop you are not paying it anyway but you are giving your split away

cant see too many Bills traders 3's etc changing to IB even if they only do 5, 10- 20K per month. They are focused on the retail side of things as you would already know .

So in essence you are barking up the wrong tree in that respect .

I dont care who clears through who you could use New Edge or any other for that matter whatever works for you .

New Edge & fortis dont offer the Service MF does anyway in Physical space etc so that pretty much clears that up .

Really, who gives a rat's... unless you're pimping MF of course.

 

[Trembling Hand]

So guys your point is what? If you trade prop you will not be using IB. That a friggin huge revelation, thanks for clearing that up for us all

I guess the only thing left to clear up is why would someone claim trades that don't exist? and why would anyone want to align themselves with such BS 42S?

 

[42S]

Why because your rant is not correct that is why .

I am not pimping MF for God's sake I use them so what ? Aliom Propex use Fortis who cares .

Just need some balance here I have used them for years and have no Probelms .

Come on get a grip

 

[Trembling Hand]

Why because your rant is not correct that is why .

I am not pimping MF for God's sake I use them so what ? Aliom Propex use Fortis who cares .

Just need some balance here I have used them for years and have no Probelms .

Come on get a grip

Arrh which bit exactly is not correct?

 

[ThingyMajiggy]

Hi Pit Trader

Goodbye Pit Trader

LOL. Annnnd hes back.....again

So....what exactly is this thread about, we got one guy that keeps coming back under different names to prove he isn't full of BS(which in itself proves he is LOL) and along with another guy are both pimping up MF, in which none of us that are with IB are interested in.

 

[42S]

According to God only the true Locals are at Propex .

Oh well I must have been asleep for all those years then .

Each to their own and I am not Pimping MF I have used fortis as well. It is of no consequence to me who uses what .


Can you please drop in when you are in Town TH to show me how it all works as I have no idea

Adios

 

[wayneL]

I believe this thread about SPI futures OPTIONS. That's what it says in the title.

Can we get back on topic please