The transition to Futures trading

[Lone Wolf]

your a gem TH i can afford to trade a lot of futs with them based on their DT margins... going to open a demo on NT and a few other platforms. also see the MDAX 5EUR a point but i worry about liquidity... will have a look on demo.

Just be aware that not all markets are available on the demo account. When I first started demo I thought I had a setup problem, but it was just me trying to get the FTSE running when it wasn't available on demo.

Things have probably changed, but in March last year they sent me the following list of markets available on demo.

EMINI S&P 500 - EMINI SP 500
EMINI MDCP - EMINI MIDCAP
EMINI NSDQ - EMINI NASAQ

ICEUS SM RUS2K - MINI RUSSELL 2000
ICEUS USD INDX - DOLLAR INDEX

EUREX EUR-BOBL
EUREX DAX INDEX
EUREX E-STXX 50

CBOT CORN
CBOT SOYBEANS
CBOT WHEAT
CBOT BEAN OIL
CBOT MINI DOW

CBOT T-BONDS
CBOT 10Y T-NOTE

CMX GOLD
CMX SILVER

NYL MINI GOLD - MINI GOLD
NYL MINI SLVR - MINI SILVER

NY LT CRUDE
NY NATURAL GAS

NYM EMINI CRUDE

IMM AUS $ - AUSTRALIAN DOLLAR
IMM B-POUND - BRITISH POUND
IMM CDN DOLLAR - CANADIAN DOLLAR
IMM EURO FX - EURO
IMM SWISS FRC - SWISS FRANC
IMM J-YEN - JAPANESE YEN

IMM EMINI EUR - EMINI EURO
IMM EMINI B-POUND - EMINI EURO
IMM EMINI J-YEN - EMINI EURO

o M6A: E-Micro AUD/USD
o M6B: E-Micro GBP/USD
o M6C: E-Micro USD/CAD
o M6E: E-Micro EUR/USD
o M6J: E-Micro USD/JPY
o M6S: E-Micro USD/CHF

 

[>Apocalypto<]

Another option for brokers would be Stage 5. I believe they clear through AMP anyway, but they told me they could beat on commissions....

Same platform choices too I think.

BTW, we're in beta testing with ninjatrader 8, there are some videos around on YT on it. It's DOM is much improved and it's less resource intensive now...

I've been with AMP for 4 years now and have had no issues for 3. Also have a backup account with IB, prefer amp's CQG data.

Thanks Can I was just about to ask that as they offer three choices. Ive got Ninja going with CQG going to get another platform going soon

 

[ThingyMajiggy]

If you want a direct connection to the exchanges, use CQG or TT's platform.

It wouldn't be hard for NT8 to be less resource hungry than 7, unbelievably bad at chewing up the resources, double click the icon and go make yourself a coffee and it might be loaded by the time you get back.

 

[>Apocalypto<]

TH was spot on about the data, fraak it's different. FXCM to FDAX 9/15 really different... Fut moves differently as well.

 

[Modest]

If you want a direct connection to the exchanges, use CQG or TT's platform.

It wouldn't be hard for NT8 to be less resource hungry than 7, unbelievably bad at chewing up the resources, double click the icon and go make yourself a coffee and it might be loaded by the time you get back.

TT is acronym for?

 

[>Apocalypto<]

TT is acronym for?

the data provider on AMP is TT not sure what i stands for only listed as TT

 

[avion]

TT is acronym for?

Trading Technologies, i think they are the crowd who had a patent on one click executions via DOM..., hence was suing everybody....

 

[Modest]

Thanks mate

 

[ThingyMajiggy]

Thanks mate

Yeah Trading Technologies, makers of X_TRADER. Patented the static DOM and used by many a prop firm, although not so much these days, some are using CQG + others

 

[>Apocalypto<]

what's the normal spread you guys see on the DAX?

I'm looking at the FDAX 9-15

mainly seeing .5-3 spreads normal?

Cheers

 

[History Repeats]

Speaking of brokers have a look at Deep discount trading but only basic platform are free and pay for data fee.

 

[fiftyeight]

Why cant I just do this every night haha

 

[Trembling Hand]

what's the normal spread you guys see on the DAX?

I'm looking at the FDAX 9-15

mainly seeing .5-3 spreads normal?

Cheers

its the last night of the 6-15 contract (June)

 

[>Apocalypto<]

its the last night of the 6-15 contract (June)

thanks TH it felt thin! remember on CL i would move forward with a week out... I'm rusty again.

well first day on CQG DAX happy with it saw it quite well and as TH point out i was one of the few playing on the last drinks call. on to the next contract!

first trade a test trade on AUD future or JPY i can't remember now.

 

[CanOz]

What a horrible day...I was so looking forward to today's China PMI, Then China Unicom crashed my IB connection...so by the time that got going it was no longer useful to job away at a range...

So then i waited for the European open, my CQG connection crashed just as the cash equity market opened!!!

The only bright spot was managing to get several hours of X_Trader training in before the day ran out of hours....

Unprofitable and unproductive...:frown:

 

[Trembling Hand]

What a horrible day...I was so looking forward to today's China PMI, Then China Unicom crashed my IB connection...so by the time that got going it was no longer useful to job away at a range...

So then i waited for the European open, my CQG connection crashed just as the cash equity market opened!!!

The only bright spot was managing to get several hours of X_Trader training in before the day ran out of hours....

Unprofitable and unproductive...:frown:

Strange old day on the Eurex anyway Can. Very low range grind up. I think my avg winner is sitting around 3 ticks

 

[CanOz]

Strange old day on the Eurex anyway Can. Very low range grind up. I think my avg winner is sitting around 3 ticks

Its almost as if they're running out of shorts to fuel the move....

 

[kid hustlr]

Weird IB email this morning:

Dear Client,

For the past several years, Interactive Brokers has been offering foreign currency trading to Australian clients under a "no-action" letter issued by the Australian Securities & Investment Commission ("ASIC"). The "no-action" letter allowed Interactive Brokers to offer forex trading to our Australian clients just as we offer it to other clients around the world.

Unfortunately, ASIC has informed us that it has decided to withdraw the "no-action" letter covering Interactive Brokers' forex offering in Australia.

We have therefore decided not to allow our Australian clients to initiate new forex positions (i.e., a currency position that is leveraged or financed). We intend to seek clarification from ASIC regarding our Australian clients' existing forex positions and also whether Australian clients may continue to convert one currency to another on a non-leveraged basis.

We hope to have clarification on these matters soon and we will communicate further when we have more information.



Interactive Brokers Client Services

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I'm confused by this - when you trade the FTSe you effectively are trading in another currency - does the above statement impact that?

 

[kid hustlr]

FWIW it feels like ASIC have got it wrong here - seems like they are really squeezing IB (no margin for stocks, now this) - I don't understand why they would target IB which seems like a pretty clean, well operated business which I feel 'smarter' individuals use and not target CFD bucket shops

 

[elbee]

FWIW it feels like ASIC have got it wrong here - seems like they are really squeezing IB (no margin for stocks, now this) - I don't understand why they would target IB which seems like a pretty clean, well operated business which I feel 'smarter' individuals use and not target CFD bucket shops

Because local financial institutions, including the big 4 banks, have rather more sway with the government than does IB, and of course those institutions would rather you trade with them.