$1.5 fee for 10 tons of corns

qll · Oct 25, 2006

Quote from e-miNY:

The chinese stuff is fine. I am from HK. Where are u from? Are you getting good charting service?
Can u clearify something? Is Corn 10Tons / Contract? How big is a copper contract? 10000 lbs? Because US is 25000 lbs.
I have to agree China is a unmature market and money can be made easily.
How can you trade corn in the morning? and stay up for the US market? No need to sleep?

i trade 2 makets and have a software biz.
work 16 hours a day now.

1 contract = 5 tons in copper.
1 contract = 10 tons in everything else.
1 ton=1000kg, so 1 contract is 10000kg=21000lbs

i pay 3/10000, how much do you pay in IB or elsewhere?

i short copper and long bean oil now. bean oil is at staight line up. easy to chase. low volume, pure manipulation.

qll · Oct 25, 2006

Quote from e-miNY:

Are the chinese grains as wild as the chicago grains lately? We are getting pretty good moves on a daily bases. 20+ cents range in all the grains. Or China just gap open limit up and no intraday range?

we got big moves intra day. easy to make money. we don't have L2 as in stocks, but it shows OPEN positions, Close positons etc, so easy to track long and short. easy money!

china has a seperate market. chinese copper is interactive with internatinal, because chinese demand on forgein copper is very high. chinese sugar is indepedent, because local supply is huge, so i have track local news in 4 sugar supply areas.

e-miNY · Oct 25, 2006

Quote from qll:

i trade 2 makets and have a software biz.
work 16 hours a day now.

1 contract = 5 tons in copper.
1 contract = 10 tons in everything else.
1 ton=1000kg, so 1 contract is 10000kg=21000lbs

i pay 3/10000, how much do you pay in IB or elsewhere?

i short copper and long bean oil now. bean oil is at staight line up. easy to chase. low volume, pure manipulation.

I think it is pretty cheap to be paying 3 yuan for a contract.
In US, the price structure is around 5 US Round turn across market. So, roughly 20 yuan per contract per side. I am sure you cant get anything cheaper than that unless you trade 500+ contracts a month and lease a membership from the exchange.
How's the electronic market in china? Is the exchange stable? Do you get immediate fills? How's the charts on your software?

e-miNY · Oct 25, 2006

And you only pay one way if you daytrade? What a deal? In US, you pay both way even if you sell next second.
I am sure the chinese market is the cheapest market to trade. With those fee structure, you can trade like a floor trader and dont have to worry about commision. The commision you pay is pretty much close to zero from my point of view

qll · Oct 25, 2006

Quote from e-miNY:

And you only pay one way if you daytrade? What a deal? In US, you pay both way even if you sell next second.
I am sure the chinese market is the cheapest market to trade. With those fee structure, you can trade like a floor trader and dont have to worry about commision. The commision you pay is pretty much close to zero from my point of view

not 3 yuan. it is 3%% one way. so 105 yuan for 5 tons of copper.
for oils, it is a flat fee. i still feel it is too HIGH. i pay less in penny stocks.

qll · Oct 25, 2006

Quote from e-miNY:

I think it is pretty cheap to be paying 3 yuan for a contract.
In US, the price structure is around 5 US Round turn across market. So, roughly 20 yuan per contract per side. I am sure you cant get anything cheaper than that unless you trade 500+ contracts a month and lease a membership from the exchange.
How's the electronic market in china? Is the exchange stable? Do you get immediate fills? How's the charts on your software?

i don't know the elec-market in china, because i asked many manangers here, and nobody knows, because they don't study and they don't need to know anything to become a trading company's manager.

fill is fast. mostly like 1/10 of a sec, because after i entered the orders they are already filled. no wait at all. feel like my computer is the exchange. however, the software is very very difficult to use. no way you can fast enter orders. there is no over night stop loss. you have to enter stop loss every morning.

e-miNY · Oct 26, 2006

Quote from qll:

not 3 yuan. it is 3%% one way. so 105 yuan for 5 tons of copper.
for oils, it is a flat fee. i still feel it is too HIGH. i pay less in penny stocks.

105 is not that bad with the volatility they have. But, it's not cheap. People in HK pay about 100 per round trip on the hang seng index.
So, corn and oil and sugar are flat fee? 1.5 yuan?
Is it liquid? Can market orders be fill within a tick slippage?