SPI Trading on Interactive Brokers

[Aussiest]

im looking at intraday trading the SPI eminis,

Hi everyone,

Nobody ever really answered this question

Can you trade SPI emini's using IB? I've had a look at their website and on one hand they say you can, but under the Sydney Futures link, it didn't say anything. Infact, i couldn't open the link.

If so, how much margin would one SPI emini require? I could try to email IB, but they their links haven't been working lately.

Also, i am gathering you can see market depth in IB?

And, final question, can you run IB concurrently with other platforms?

 

[Trembling Hand]

Hi everyone,

Nobody ever really answered this question

Can you trade SPI emini's using IB? I've had a look at their website and on one hand they say you can, but under the Sydney Futures link, it didn't say anything. Infact, i couldn't open the link.

If so, how much margin would one SPI emini require? I could try to email IB, but they their links haven't been working lately.

Also, i am gathering you can see market depth in IB?

And, final question, can you run IB concurrently with other platforms?

Aussiest exactly what do you mean by "SPI emini".

There is the SPI traded on the SNFE and there are linked CFDs provided by the bucketshops. There is a $5 or $10 a tick ASX contract that NEVER trades.

Which one are you talking of? when you make a sensible description you may then get an answer.

 

[Aussiest]

Like the mini contracts.



I think they're $5 per tick. The full contract on IG is $25 per tick. Just wondering whether you can trade in increments of a full contract on IB, so i can save on margin. In other words, i want to risk less. I am happy to make $5-10 per tick. I think that was a sensible description.

I think i'll just have to fund the account and see what it does.

 

[Trembling Hand]

Like the mini contracts.

I think they're $5 per tick. The full contract on IG is $25 per tick. Just wondering whether you can trade in increments of a full contract on IB, so i can save on margin. In other words, i want to risk less. I am happy to make $5-10 per tick. I think that was a sensible description.

I think i'll just have to fund the account and see what it does.

Bloody hell mate!!!!!!!!!!!!!!

IG is a CFD provider.

IB is a broker. You trade two completely different things.

That IG contract exist no where except on their servers. IB products go to MARKET

 

[skc]

Hi everyone,

Nobody ever really answered this question

Can you trade SPI emini's using IB? I've had a look at their website and on one hand they say you can, but under the Sydney Futures link, it didn't say anything. Infact, i couldn't open the link.

If so, how much margin would one SPI emini require? I could try to email IB, but they their links haven't been working lately.

Are you refering to these?
http://www.asx.com.au/products/futures/trading_information/iress_codes.htm

$10 a tick, margin for XJO is $3270.

According to the asx website the code should be xjm9 but I can't find them in IB.

If TH doesn't know they exist then I hate to think about their liquidity. Although there could be market makers out there.

It might be a new product asx trying to push to get more smaller punters into the fray. Just like their other "successful" product known as ASX CFD!

EDIT: Hmmm. Perhaps not what you were looking for based on your IG screenshot!

 

[skc]

Bloody hell mate!!!!!!!!!!!!!!

IG is a CFD provider.

IB is a broker. You trade two completely different things.

That IG contract exist no where except on their servers. IB products go to MARKET

Oh well. There had been someone on this forum asking which market the Aussie200 is traded. Everyone goes through this at some stage.

 

[Aussiest]

Bloody hell mate!!!!!!!!!!!!!!

IG is a CFD provider.

IB is a broker. You trade two completely different things.

That IG contract exist no where except on their servers. IB products go to MARKET

I'm not a 'mate', i'm a girl. And, i was asking because i don't know. If you don't want to answer, that's fine! Just say so.

And, also, i do know the difference between a CFD provider and a broker. Just wondering if you can get part contracts that's all. All you had to do was say no!

 

[Largesse]

I'm not a 'mate', i'm a girl. And, i was asking because i don't know. If you don't want to answer, that's fine! Just say so.

And, also, i do know the difference between a CFD provider and a broker. Just wondering if you can get part contracts that's all. All you had to do was say no!

a/s/l ?

 

[Aussiest]

Are you refering to these?
http://www.asx.com.au/products/futures/trading_information/iress_codes.htm

$10 a tick, margin for XJO is $3270.

According to the asx website the code should be xjm9 but I can't find them in IB.

If TH doesn't know they exist then I hate to think about their liquidity. Although there could be market makers out there.

It might be a new product asx trying to push to get more smaller punters into the fray. Just like their other "successful" product known as ASX CFD!

EDIT: Hmmm. Perhaps not what you were looking for based on your IG screenshot!

Yeah, thanks skc. I think i'll just fund the darn thing and see for myself!

 

[cutz]

Hi Aussiest,

Yeah i know what you're referring to, they are meant to be traded across the exchange, and I investigated those as a hedging instrument for XJO options as they both trade at $10 per point but I could not find evidence of liquidity on iress so I gave up.

Let us know how you go, SPI contracts are just too big to tweak positions.

 

[cutz]

Hello again,

I found some march stats. here on XJO futures http://www.asx.com.au/products/pdf/notices/2009/Clm03709.pdf , info on last page, looks like there's nil trading/open interest.

 

[Trembling Hand]

Hello again,

I found some march stats. here on XJO futures http://www.asx.com.au/products/pdf/notices/2009/Clm03709.pdf , info on last page, looks like there's nil trading/open interest.

Exactly they are useless.

I'm not a 'mate', i'm a girl. And, i was asking because i don't know. If you don't want to answer, that's fine! Just say so.

And, also, i do know the difference between a CFD provider and a broker. Just wondering if you can get part contracts that's all. All you had to do was say no!

I find it amazing that someone would be considering trading, especially a derivative and not actually know what it is, where the money goes and how it functions!!

but then again I guess thats why we have threads like brisconnect.

 

[Mr J]

And, final question, can you run IB concurrently with other platforms?

I don't see why you couldn't, if you're talking other brokerage software. Other people certainly run other data feeds and charting platforms.

Also, i am gathering you can see market depth in IB?

Yes. Someone said SNFE data is free? ASX is 37.50 monthly.

If so, how much margin would one SPI emini require?

There is no SPI emini at IB, just the full contract (SPI). It requires $6000 per contract during the day, and $10,000 overnight.

 

[cutz]

And, final question, can you run IB concurrently with other platforms?

Hi,

I run Iress and TWS concurrently on a dual screen Mac, works beautifully.


BTW, i can't comment on other programs as i only use the Mac purely for trading on the above applications, i use a windows laptop for all the other stuff, (office/browsing/email ect.)

 

[MRC & Co]

I'm not a 'mate', i'm a girl. And, i was asking because i don't know. If you don't want to answer, that's fine! Just say so.

Ooooo, a female trader and with some backbone, I like that!

A/s/l hey Largesse, ha ha ha.

An internet fantasy right there!

 

[Largesse]

Ooooo, a female trader and with some backbone, I like that!

A/s/l hey Largesse, ha ha ha.

An internet fantasy right there!

 

[Aussiest]

Exactly they are useless.
I find it amazing that someone would be considering trading, especially a derivative and not actually know what it is, where the money goes and how it functions!!

Really? Whoever said i was trading it? And, by the way, people here say they trade in companies they know nothing about, all the time. So, if you didn't want to answer the question, all you had to do was say so. Simple.

 

[beamstas]

GO Markets offer increments on the SPI on the MT4 platform

I think it's $25 a tick and $2 brokerage for a full contract

And im pretty sure you can trade them right down to 0.1contracts ie: $2.5 a tick and $0.2 brokerage

Hope this helps in your endeavours

Cheers
Brad

 

[MRC & Co]

Really? Whoever said i was trading it? And, by the way, people here say they trade in companies they know nothing about, all the time. So, if you didn't want to answer the question, all you had to do was say so. Simple.

Just be careful, trading a company without knowing it can be done with relative safety through TA, trading a derivative can't without full knowledge of it!

Beamstas, $2 for a round trip per full contract? Is that without paying a spread?

 

[beamstas]

Just be careful, trading a company without knowing it can be done with relative safety through TA, trading a derivative can't without full knowledge of it!

Beamstas, $2 for a round trip per full contract? Is that without paying a spread?

There is a spread
It's sitting at 5 ticks right now
I've never actually traded it!

I think it is $2 brokerage but im sure someone on here is a Go/Mt4 guru and can answer our questions

Cheers
Brad