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  1. J

    HSBC offshore

    I have been living in Hong-Kong and Singapore for the past 10 years, and have been using HSBC for just as long, and I am happy with them. There is very little you cannot do online, and they do things REALLY fast. My only complain is that their fees to hold securities in trust are a little on...
  2. J

    Hang Seng Mini?

    If you trade 1-2 lots you should be fine except if you need to execute market-on-close orders. For orders at market you need to size substantially more slippage on the mini. In my opinion, on average - depending on what strategy you have... - 2-3ticks. This is what I had but may be your...
  3. J

    Hang Seng Mini?

    I used to do that and in my personal opinion it works reasonably well. With the exception of one type of orders: market-on-close. Liquidity on the 10HKD contract tends to disappear on the close, while on the 50HKD one it's still okay.
  4. J

    Finally some data: About 17% of losses from subprime booked so far...

    Okay, for those unfunded transactions, yes, you watch out for floating bodies as you say. Although generally in this case IBs will sign a CSA with the seller so that the seller is supposed to post collateral in an amount equal to the mark-to-market loss (in sort, this is a litle bit simplified)...
  5. J

    Finally some data: About 17% of losses from subprime booked so far...

    Yes. If the CDS buyer goes burst, the CDS seller walks away. Which is why I'm saying that protection buyer going burst is a blessing for a protection seller carrying a bad position. That's the way it works in the street.
  6. J

    Finally some data: About 17% of losses from subprime booked so far...

    how did you estimate this number (just asking) ?
  7. J

    Finally some data: About 17% of losses from subprime booked so far...

    swap counterparties are buying protection from their investors. If they die, its a termination event under which (i) if the transaction was unfunded the swap just terminates at no cost for either party (ii) if the transaction was funded the investor - eg the seller of protection - gets back...
  8. J

    What is the best country to leave the US for?

    Yes sorry I misread your post, you are entirely right for American to escape IRS. If obtaining residency is not easy in most Asian countries if you dont have a solid job already, obtaining citizenship is almost impossible if you play by the book...
  9. J

    What is the best country to leave the US for?

    .............
  10. J

    What is the best country to leave the US for?

    I'm living ion Singapore and I think this places quite fits what you look for except the low immigration hassle. As for the ease of making money... I'm saying this because capital gain, bonds income etc etc... are not taxable.
  11. J

    What is the best country to leave the US for?

    I'm living in Singapore and I think this places quite fits what you look for except the low immigration hassle. As for the ease of making money... I'm saying this because capital gain, bonds income etc etc... are not taxable.
  12. J

    What gives on Oanda?

    They must include trades in demo accounts as well :D
  13. J

    anyone watch the corp/treasury spreads?

    JPM has an index called "JPMorgan Emerging Markets Bond Index Plus EMBI + Sovereign Spread". My Bloomberg subscription restricts me from accessing the datas but may be you can check JPM's website and get them there.
  14. J

    anyone watch the corp/treasury spreads?

    each index roll over every 6 months, and the most populars, CDX and iTraxx have been created, if I remember correctly, in 2004 or something along those lines. So there will be no 10y historical.
  15. J

    CBOT datas

    Can someone confirm that accessing realtime datas for YM is free ? (familiar with HSI only here). Cheers,
  16. J

    anyone watch the corp/treasury spreads?

    http://www.mark-it.com/
  17. J

    [IB] Freezing your account for their benefit

    I had to close my IB account for compliance reasons within my company (I work for a bank). It took me 3 months to get back the money. Fortunately a tiny amount. I too experienced the account frozen problem.
  18. J

    Dow Jones gaps

    Thank you. In your opinion, does it really matter whether an index has this mechanism ? The reason why I'm asking is because I am in the credit market which is essentially a gap market, with no real way to hedge those gaps (well as far as I am aware of, of course). I would tend to think...
  19. J

    Dow Jones gaps

    Okay, thank you. Is there a fundamental reason why the DowJones and S&P500 indexes work this way as opposed to the HSI ? (sorry I'm in Asia and dont know much except about the HSI for stock indexes). Or is it just the way the rules were established on day one without real fundamental...
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