you have to keep in mind, that the bank hedges this position with options and t-bills and they want to earn some money (and usually a lot with this kind of structures products)...
and volatility is high now, so those barriers are likely to be hit...
maybe it's better to go with good old...
in Europe there are tons of financial instruments like that...
eg.
reverse convertibles (high interest unless share or index falls below a barriere within a period of time, then you get shares or index value at end of period)
much money flowing into that stuff, good business for banks...
well, at IB (interactivebrokers.com),
i get better fills than my limit quite often...
because of the SMART Routing,
lets say you enter a limit buy order for Stock A at 23.55, now the order may first go to ARCA.
now the price comes down, and on ARCA it is 23.55 your bid / 23.56 ask...
tried to short it, no shorts available at IB, now message:
____
You recently attempted to enter one or more short sale orders in securities which were not available for shorting at that time. We have located shares on your behalf so you may be able to enter short sale orders for these...
ouch, that hurts,
did you trade the news, or just because of price action?
BTW: went long, expecting a small reversal into the close.
however only small initial position and looking to add on the way up and adjust stop regularly...
maybe it works
just posted in the FNM thread.
exactly same problem here, and be cautious, stops don't go out when they are supposed to...
btw. had the same problems yesterday, but only limited and small delay...
but today is a pain in the ass
interactivebrokers has problems with the FNM quotes on my screen...
bids and asks prices seem to be delayed sometimes, resulting in quotes like 7.22/7.02 right now with last 7.02...
as a result my stops wern't sent to the market when price went through (7.74 minutes ago), and i had to...
one reason they are bearish is imo, that they want people to believe there's a future with cheap oil, and so convince them not to go for alternatives...
they did that a long time already, telling stories of decades of plenty of oil still ahead...
the truth is different, oil production...
In Melbourne at the Australian Open in Rod Laver Arena.
In a tent in the Queensland Rain Forest via Laptop and Palm Treo.
but these stuff was not serious trading, more just see what market does and small positions managing.
well, i can tell you what i did so far today.
was my best day for this year. traded futures, for example ES and European index futures.
initial position was small, with a stop relatively far away (cause of the volatility), when the trade went in my favor by the amount the stop was away of...