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While I agree with your comment above, I wonder why you prefer eSignal EOD (as per the charts you post) over a higher quality (personal opinion) Pure EOD vendor like CSI? I assume we agree that unless you use tick data, intraday spread charts are not necessarily reflective of real spread...

Do you suggest any FCM in particular? (From experience or client feedback)

rt is round-turn, i.e. a buy and a sell, so half that amount for each side. Note that I quoted in £ because I was doing most volume on LIFFE (Euribor, Short Sterling) - I just asked some friends who indicated their current pricing starts ~$1.45 and goes down depending on size. ZIRP means the...

I was at a prop firm when I was trading STIRS, which brings me straight away to your question on commissions. I would argue it is very difficult to trade STIRS as a retail trader (not talking about swing trading). Legging in / out in order to build and defend positions means you need rock bottom...

Rather than going through the mechanics of implied pricing here, I suggest you read STIR Futures: Trading Euribor and Eurodollar futures (Steven Aikin) He does a pretty good job explaining it.

Hi, First of all you have to understand implied orders are not created for you to leg into spreads or flies. They are created to facility faster / more efficient order book clearing for the CME. To complete your sentence, 50 of the HMU 1's exist solely because if a buyer comes in to lift the...

Been a while since I traded STIRS, but I think you may be talking about implieds from implieds, which you can turn on/off depending on your software.. (i.e. implied prices / volumes are calculated using implies prices / volumes in the underlying contracts). To find out more, read up on...

Sorry, my bad - you're absolutely right! I skimmed back over (part of) the thread and got carried away when answering (I must have really needed that long w/e..) - Sorry for the confusion I created.. Just to reiterate: As per Tom's post, the correct currency hedge for long Kansas wheat vs short...

No, he's not: Let's say you have a USD account and you want to buy some EUR assets. You have 11k USD in your account, which you convert into 10k EUR at the current rate of 1.10. You invest this 10k into the EUR assets (or leave it just sitting in the account in EUR). The price of the asset...

Yes it should

Just remember that in this case you are hedging the actual EUR exposure of the current contract value. In order to translate this into actual trading you would need to adjust your EUR hedge on every update. (Very impractical unless your data frequency is pretty low..)

Try to take a step back.. What are you trying to achieve? As per your initial post you are trying to neutralize the impact of FX moves on the outcome of your trade. Therefore, you should only hedge the none-base currency you have exposure to. In case you are a USD based investor, you should...

Depending on the quality of data / amount of history / markets you need there are several options. Industry standard in prop firms is CQG, but I have seen people using eSignal ( or futures workstation), Reuters, Bloomberg and others (DTN, Barchart) Hope this helps

I used to trade them when I traded prop. I have since moved on and now trade more volatile spreads as these offer better risk/reward in my opinion. My main reason for moving on to other products / strategies is the combination of ZIRP and the fact that markets in general have become more...

Being long (or short) two consecutive butterflies is called a condor. Example: Consider 2 butterflies (+1H -2M +1U and +1M -2U +1Z). Going LONG both butterflies results in being LONG the following CONDOR: +1H -1M -1U +1Z. A spread of one butterfly against another butterfly is called a box (or...

Without looking at the full code, could it be the author is trying to calculate return on capital required (i.e. the avg price of the stocks used in the trade) ?

I'm really surprised this hasn't attracted much more (public) response! Seems like a great opportunity for new people to get into the business.

Simplified answer - if you believe INR will strengthen, yes. (Another way to think about it is: Now I get $1.68 for every 100 Rupees, If I think INR will strengthen, I should therefore in the future receive more than $1.68 for my 100 Rupees, i.e. $1.81 if spot moves to ~Rs. 55) Keep in mind...

Note sure what you're seeing (Just looking at my Bloomberg at the moment, not IB). But MIR M4 (June 14 Mir contract) should be ~168.40. Before trading any new product, look up the specs (in this case here for example...

Comparing the curve with historic data (-1 month) shows the same pattern...