ABN AMRO launches Marketindex

Quote from Bernard111:

Which is instead the most liquid cash market for Bund?
More...

I don't follow, but ABN certainly has access to all futures on which they're making a market in these synthetics. I doubt they would lay-off risk in a cash market, they would be trading Eurex.

Now, to get back the the important topic at hand... who is going to help me open a marketindex account?
 
Quote from notouch:

Who exactly expects it to be available in other countries shortly? Have they indicated that it will become available for non-residents of Germany?
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Here is a quote from Oandas boss (after XAU, XAG was introduced):
"OANDA has no plans in offering commodities and indices on its FXTrade platform. ....... there are legal and regulatory issues offering these to Americans."

Perhaps Marketindex is in the same boat (identical models) and it may take a while before it is offered in the States - and hence riskarbs idea to incorporate in Germany to move things along.

Check this out: Aparently EUR/TRY (Turkmenistan Manat) and USD/TRY will be "coming soon".

Quote from Marsupilami:

Herrgott im Himmel, NZ, sometimes, when I hear ze Kiwis speak English, I sink zat ze Germans haf a better accent zan ze kiwis.
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Eye agree mate, I'm an Aussie and we got better english then all of yous.
 
I don't see anything worthwhile there.

Standard retail spreads - and a 2% pa financing charge for overnight positions (i.e. expensive rollovers).
 
Riskarb,



Do you think Marketindex would start
sabotaging your trading once you start
making serious dough like the other
CFD and spreadbetting companies or will
they keep offsetting their risk ?
 
Quote from NickBarings:

Riskarb,



Do you think Marketindex would start
sabotaging your trading once you start
making serious dough like the other
CFD and spreadbetting companies or will
they keep offsetting their risk ?
More...

They can widen the vol-spread on the touch/notouch market. There isn't a robust method to hedge a gamma bet <7d in duration. You can trade durations as short as minutes. They simply quote a market with overwhelming edge, or a market so wide that both [no]touch bets return <10% for a 40d option.
 
Quote from Graham1:

I don't see anything worthwhile there.

Standard retail spreads - and a 2% pa financing charge for overnight positions (i.e. expensive rollovers).
More...

Are there any traders using this ABN platform? Any further comments?

Q

Interest on account balances

marketindex currently pays 1% interest on all customer account balances denominated in Euros. This interest is calculated continuously on a second-by-second basis and posted daily to your account at 4 pm Central European Time (CET).

To calculate the account balance interest at 4 pm, ABN AMRO analyses the account balance held during each second of the previous 24 hours and pays interest accordingly. For example, if the account balance at 4 pm is €10,000, changes to €12,000 at 10 pm the same night, and stays at €12,000 until 4 pm the following day, then six hours-worth of interest is paid on €10,000 and 18 hours-worth of interest is paid on €12,000.

UQ
 
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.
 
Too many options of options! :)

Q

http://www.corporates.abnamro.com/corporates/docs/product/FM_RatesOptions_products.jsp

The range of products offered by the group is expanding on an almost daily basis.

Exotic FX Options

* Long dated FX options
* Quanto FX options
* Compound options
* Basket options

Vanilla Rate Options

* European swaptions
* Caps/floors
* Government bond options

Combined Rate-FX Options

* Power reverse dual currency swaps
* Dual-index swaps
* Linear trigger options (rates versus FX)


Exotic Rate Options

* Digitals options
* Libor-in-arrears swaps
* Quanto (diff) swaps
* CMS, CMT and CMS spread swaps and options
* Bermudan options
* Callable range accruals, inverse floaters, capped floaters
* Tarn inverse-floaters
* Callable accumulation ("snowball") products
* Double digital options (rates versus rates)
* Ratchet options
* Callable and quaranteed accumulation products

UQ


Q
http://www.corporates.abnamro.com/corporates/docs/news/25052006_Futures.jsp

Amsterdam, 25 May 2006
ABN AMRO to sell futures business to UBS

ABN AMRO today announced that it has agreed to sell its Global Futures business to UBS for an initial consideration, subject to meeting certain closing conditions, of USD 386 mln. Closing is expected towards the end of the third quarter, and further information with regard to the final consideration, net gains and capital release will be provided at that time.

The sale follows a strategic review of the futures business which found that this activity is not core to ABN AMRO’s group strategy. We serve a broad range of clients, but our strategic focus is on the mid-market segment where we can best leverage our local intimacy and global presence. The futures business offered limited business opportunities with that core client base.

The Global Futures business offers execution, clearing and related services for exchange-traded futures and options contracts. The sale will not affect ABN AMRO’s derivatives capabilities - increasing derivatives revenues remains a key driver for the Bank.

The sale is subject to consultation with the appropriate employee representatives and closing is contingent on, among other things, the approval of the relevant supervisory authorities.


UQ
 
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