Does anyone ACTIVELY trade the HSI with somebody other than IB? if so, who?

MandelbrotSet · Mar 7, 2008

Quote from gangof4:

you really do make stupid posts.

obsessed? that's like saying someone who works for goldman is obsessed because they report to work every day. i trade the HSI for a living- it's my job. idiot.

I'm the idiot, but you're the one who overtraded, paniced, revenge traded and throughly got his ass handed to him.

Riiight

FanOfFridays · Mar 7, 2008

Quote from MandelbrotSet:

I'm the idiot, but you're the one who overtraded, paniced, revenge traded and throughly got his ass handed to him.

Riiight

Actually, technically speaking, even though he did all the things you mentioned, you could still be an idiot.

Just wanted to point that out.

gangof4 · Mar 7, 2008

Quote from traderNik:

Are you saying the cost of Button Trader is high??

you cut and pasted only the start of what i said, perhaps you didn't read my entire post. my point was that if the full is the $155/mo someone posted, then its $1860 a year, every year, with inevitable price increases. my comment was relative to, say, a one time $1500, or whatever, license fee. i just prefer to own my software, rather than rent it monthly.

regardless, as i said, teh cost is negligible if it makes things easier.

gangof4 · Mar 7, 2008

Quote from traderNik:

Actually, technically speaking, even though he did all the things you mentioned, you could still be an idiot.

Just wanted to point that out.

i still don't know how i 'paniked', so i disagree that i did all that he mentioned. but you other point is spot on.

FanOfFridays · Mar 7, 2008

Quote from gangof4:

if the full is the $155/mo someone posted, then its $1860 a year

It's 139 Euros for 3 months ($213) = $70/mo. If you say you want to lease for the longer term, there used to be a further discount available, not sure if that is still the case.

http://www.buttontrader.com/index.asp

trader07 · Mar 7, 2008

This is correct. Buttontrader uses API to TWS like all other front ends to TWS. Yes, once your order is on the exchange it is active there. But if TWS goes down you cannot enter any orders (open or close).

Quote from OldTrader:

If you can enter orders that are native to the exchange via ButtonTrader, it won't matter if TWS goes down. Maybe you should check ButtonTrader out...doesn't sound like you're all that familiar.

For instance, when I enter an order in ButtonTrader, I simultaneously transmit a limit order to sell, and a stop limit order, one cancelling the other upon an execution. If TWS goes down, my orders will still be handled.

OldTrader

richardyu301 · Mar 7, 2008

http://www.shkonline.com/chi/startpage_main.jhtml

All You Can Trade Program

Standard fee HK$8,888 per month entitles to unlimited number of trades at transaction fee of HK$1.5 per contract for all products.

joesan · Mar 7, 2008

When I was looking for a backup broker for HSI trading, I learned from certain big HK based local broker that if the total traded quantity of HSI surpassed several hundred contracts per month, they can offer a very favourable commision plan. In your case, you may only trade the first several days of a month with commision, then you trade the rest of the month FREE OF CHARGE. I need IB's platform for autotrading so I just opened a backup account in that local broker and their favorable commision plan for high quantity HSI trading was not confirmed. But if you are interested, send me a PM and I will give you the contact information next week.

OldTrader · Mar 7, 2008

Quote from trader07:

This is correct. Buttontrader uses API to TWS like all other front ends to TWS. Yes, once your order is on the exchange it is active there. But if TWS goes down you cannot enter any orders (open or close).

Right.

OldTrader

gangof4 · Mar 13, 2008

Quote from richardyu301:

http://www.shkonline.com/chi/startpage_main.jhtml

All You Can Trade Program

Standard fee HK$8,888 per month entitles to unlimited number of trades at transaction fee of HK$1.5 per contract for all products.

hi Richard.

thanks for the link.

that would save me 1,000's (USD) per month. unfortunately.... they don't really have a trading interface that is designed for trading- like a DOM. i would imagine there have to be HK based brokers which have DOM- let me know if you can think of any.

i'll be talking (hopefully) to MF Global either thurs or friday...

thanks again.