ABN AMRO launches Marketindex

[teun]

I hope they will make it also be available in Holland as ABN Amro is a Dutch bank

BTW did any of you see this new broker?

http://www.zecco.com/Default.aspx

With them you can trade shares for free (starting from october). At least, that's the plan.

 

[Marsupilami]

Marketindex will add more products at the end of this year, such as Energies and Indices, just had a chat with them. Personally, I am not too much interested in trading Dax and Bund, but trading Crude Oil / Natgas through them will be great !

 

[darmasdt]

so I hav tu lern zis eurenglish to be abl to open an akun wz zem

 

[Xenia]

No. Just pick up your phone and call (312) 904 5570.

ABN AMRO is pleased to provide FX Prime Brokerage services and liquidity on LavaFX

A pioneer in the FX Prime Brokerage industry, ABN AMRO provides customized trading solutions to institutional and other active FX traders. We aggregate the management of trades, positions, credit, risk and capital in one place so you have more time to focus on what you do best. And ABN AMRO's strong standing in the FX world enables us to provide the broadest possible market access. Our electronic solutions provide seamless trading through all e-channels, and are tailored for each client's needs. Secure, internet-based technology enables you to view and download up-to-the-minute trade data 24/6 for reconciliation, confirmation, open positions matching, and real time margin-related mark-to-market views. And our team of FX experts is on hand to provide seamless support of global client activity around the clock.

ABN AMRO is also pleased to provide FX liquidity via the LavaFX trading platform, other major ECNs, and our own proprietary trading platforms. Netherlands-based ABN AMRO is a leading international bank with total assets of more than $1,032 billion (as of 30 June 2005). It has over 3,000 branches in more than 60 countries and territories, and has a staff of about 98,000 full-time employees worldwide. ABN AMRO is listed on the Euronext and New York stock exchanges. For further information about ABN AMRO's FX Prime Brokerage services, contact Eisso VanderMeulen, Head of Foreign Exchange Prime Brokerage.

www.lavatrading.com/lava/fxpage.aspx?f=solutions/primebrokers

 

[riskarb]

Quote from Xenia:

No. Just pick up your phone and call (312) 904 5570.

Calling Chicago is of little use considering the product [marketindex] is not approved for trading by the SEC.

 

[Xenia]

Quote from riskarb:

Calling Chicago is of little use considering the product [marketindex] is not approved for trading by the SEC.

But you could trade FX thru ABN AMRO Inc. which is headquartered in Chicago.

www.lavatrading.com/lava/fxpage.aspx?f=solutions/primebrokers

 

[usman88]

anyone has any experience with abn amro market index?
I am thinking about opening an account there so views would be highly appreciated

 

[daniel_tysen]

I had one for some months to try it out. I was not satisfied, they rip you off like everyone else in the CFD-business does.

But...they're the best of them I think. I was never ripped off in a really bad way. But if you got a bunch of orders somewhere and a currency is trading 2 pips below it, they'll take it, while on no other platform that price is reached.

Also their daily charts are messed up and they're not able to fix them.

Trade futures if you have the money and save yourself a lot of trouble. If you want to trade currencies and can't trade futures, go to oanda.

Look ABN got a 3-5 pip spread on the Dow...that means you need at least 4 ticks to be profitable. That sucks.

Instead trade the emini-russel future: 2 ticks and you're 5$ ahead with 1 contract. I mean you don't have to be a genius to decide what you do. Having a 3-5 pips disadvantage is really hard to beat...

Also you get slow and often not so good fills, but it's not as bad as on some other CFD-brokers.


Daniel

 

[candles]

Im demoing their platform now.

Im likeing it but lots of reviews on them seem really negative.


Might go live a find out for myself soon. I dont think they charge you for taking your money back out (like oanda do) so I guess I have nothing to lose.

 

[trading_time]

RiskArb, are you still trading with them? Is everything still okay? How have they changed in the last year(s)

Does anyone else have some comments about them they would like to add?

Quote from riskarb:

I opened a 100k Euro account through a relative who lives in Munich. I am not terribly concerned with carry, as the option positions are limited to 5-days, and thus my spot hedges. Options are limited to 10k Euros per contract. Account is up 60% since inception, so I see it as a worthwile platform. I don't see ABM leaning on my markets as the edge loss has remained fairly consistent at -7 to -10% from fairval.

I've been trading the DAX and Bund only. I get better spot markets on FX through another platform, as well as greater limits.