Hi @Eli Stern. Our sales team here at TT can help you find a broker that fist your needs. Send me your contact info and I'll hook you up.
Futures Broker for HSI
- Thread starter Eli Stern
- Start date
FYI, The front month in HK is the active month up until the day before expiration.
OP,
And remember, HHI moves in-sync with the HSI. It's like trading a 1/2 HSI contract
Welcome to **THE BEST** trend trading contract in the world.
Kiwi! Great to still see you around! I owe a lot to you and gb007 for helping me get started in futures trading (hanging around in the old 2003-2004 Woodie chat stream).
[It's too bad most of you on ET don't know just how awesome a person and trader this man is.]
And remember, HHI moves in-sync with the HSI. It's like trading a 1/2 HSI contract
Welcome to **THE BEST** trend trading contract in the world.
Kiwi! Great to still see you around! I owe a lot to you and gb007 for helping me get started in futures trading (hanging around in the old 2003-2004 Woodie chat stream).
[It's too bad most of you on ET don't know just how awesome a person and trader this man is.]
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I think most futures brokers offer HSI right? I know my broker Cannon does but I believe it does cost extra for the data feed.
Thanks. Will get in touch with you once things fall in place.
Thanks. I will get in touch with you once things fall in place.
MattZ
Sponsor
Looking forward to it.
AMP_Futures
ET Sponsor
At AMP using CQG datafeed, you can trade all of these exchanges in One Account:
- Hong Kong (HKEX)
- Osaka - Japan (JPX)
- Singapore Exchange (SGX)
- Sydney Futures Exchange (SFE)
- CME - (CME, COMEX, NYMEX)
- EUREX
- ICE-US / ICE-UK
- CBOE Volatility Index (VIX)
Here is the link to AMP Margins: https://www.ampfutures.com/trading-info/margins/
For most trading platforms, once live account is funded with minimum of $100 – you will get streaming, continual access to both live and demo.
Here is link to all 40+ available trading platforms: https://www.ampfutures.com/platforms/
We look forward to supporting you reach your trading goals!
AMP secretly increased the commissions for trading HSI by double since a month ago so avoid AMP if you want to trade HSI.
This is what the ALL-IN commissions for HKEX products with AMP Futures used to look like a month ago:
https://i.imgur.com/5s2gqRH.png
Hang Seng Index - $1.96/side ($3.92/RT)
mini Hang Seng Index - $1.07/side ($2.14/RT)
Hang Seng China Ent. Index - $1.13/side ($2.26/RT)
Mini Hang Seng China Ent. Index - $0.88/side ($1.76/RT)
This is what the ALL-IN commissions for HKEX products with AMP Futures looks like today:
https://i.imgur.com/bxVExFz.png
Hang Seng Index - 30HKD/side or ~$3.90/side ($7.80/RT)
mini Hang Seng Index - 17HKD/side or ~$2.20/side ($4.40/RT)
Hang Seng China Ent. Index - 20HKD/side or ~$2.60/side ($5.20/RT)
Mini Hang Seng China Ent. Index - 20HKD/side or ~$2.60/side ($5.20/RT)
Under the previous rate, you could cover the round trip commission of $3.92 after 1 tick with the HSI. Now it requires 2 ticks.
With the mini Hang Seng Index, it's even worse. Previously you could cover the round trip commission of $2.14 after 2 ticks. Now it requires 4 ticks.
And it's a total rip-off that they're charging the same commissions for both HHI and the mini-version of the HHI. You'd have to cover a whole 5 ticks for the mini-hangseng china ent. index just to break even; whereas before, you were just below breakeven merely after 1 tick.
---------------------
AMP's new HKEX commissions rates are directly copied from Interactive Broker's FIXED commissions rate for HKEX futures, as you can see for yourself here:
https://www.interactivebrokers.com/en/index.php?f=1590&p=futures1
But the thing is, if you decide to use Interactive Brokers' TIERED commissions rate for HKEX futures, even the lowest-volume tier is cheaper than their FIXED rate (and likewise, AMP's rate).
https://www.interactivebrokers.com/en/index.php?f=1590&p=futures2
For example, you can see that for the lowest volume tier at IB (the most expensive tier fyi), the commissions are
Hang Seng Index - 8.50HKD + 10HKD (exchange fee) + 0.54HKD (regulatory fee) = 19.04HKD/side or ~$2.44/RT ($4.88/RT)
mini Hang Seng Index - 8.50HKD + 3.50HKD (exchange fee) + 0.10HKD (regulatory fee) = 12.10HKD/side or ~$1.55/RT ($3.10/RT)
Hang Seng China Ent. Index - 8.50HKD + 3.50HKD (exchange fee) + 0.54HKD (regulatory fee) = 12.54HKD/side or ~$1.60/RT ($3.20/RT)
Mini Hang Seng China Ent. Index - 8.50HKD + 2.00HKD (exchange fee) + 0.10HKD (regulatory fee) = 10.60HKD/side or ~$1.36/RT ($2.72/RT)
I actually confirmed these figures with an Interactive Brokers agent over the phone b/c it made no sense why the lowest volume TIER-based commissions would be much cheaper than their FIXED-based commissions but apparently it is what it is.
If you're going to trade any of the mini-products along with HSI, definitely don't use AMP since their commissions for the mini-HSI and mini-HHI are an absolute rip-off now.
If you're going to trade just the HSI, just know that you'll be paying 60HKD/RT at AMP versus 38.08HKD/RT at Interactive Brokers under the lowest-volume tier.
That's a 57.5% more expensive rate you'd be paying at AMP versus IB.
For the next-lowest-volume tier, it goes all the way down to 31.08HKD/RT.
That's a 93% more expensive rate you'd be paying at AMP versus IB.
If you hate IB's TWS platform, you can use a futures platform like SierraChart with IB as your brokerage which is what I do for trading HKEX futures.
For CME and Eurex futures, I just stick with AMP.
This is what the ALL-IN commissions for HKEX products with AMP Futures used to look like a month ago:
https://i.imgur.com/5s2gqRH.png
Hang Seng Index - $1.96/side ($3.92/RT)
mini Hang Seng Index - $1.07/side ($2.14/RT)
Hang Seng China Ent. Index - $1.13/side ($2.26/RT)
Mini Hang Seng China Ent. Index - $0.88/side ($1.76/RT)
This is what the ALL-IN commissions for HKEX products with AMP Futures looks like today:
https://i.imgur.com/bxVExFz.png
Hang Seng Index - 30HKD/side or ~$3.90/side ($7.80/RT)
mini Hang Seng Index - 17HKD/side or ~$2.20/side ($4.40/RT)
Hang Seng China Ent. Index - 20HKD/side or ~$2.60/side ($5.20/RT)
Mini Hang Seng China Ent. Index - 20HKD/side or ~$2.60/side ($5.20/RT)
Under the previous rate, you could cover the round trip commission of $3.92 after 1 tick with the HSI. Now it requires 2 ticks.
With the mini Hang Seng Index, it's even worse. Previously you could cover the round trip commission of $2.14 after 2 ticks. Now it requires 4 ticks.
And it's a total rip-off that they're charging the same commissions for both HHI and the mini-version of the HHI. You'd have to cover a whole 5 ticks for the mini-hangseng china ent. index just to break even; whereas before, you were just below breakeven merely after 1 tick.
---------------------
AMP's new HKEX commissions rates are directly copied from Interactive Broker's FIXED commissions rate for HKEX futures, as you can see for yourself here:
https://www.interactivebrokers.com/en/index.php?f=1590&p=futures1
But the thing is, if you decide to use Interactive Brokers' TIERED commissions rate for HKEX futures, even the lowest-volume tier is cheaper than their FIXED rate (and likewise, AMP's rate).
https://www.interactivebrokers.com/en/index.php?f=1590&p=futures2
For example, you can see that for the lowest volume tier at IB (the most expensive tier fyi), the commissions are
Hang Seng Index - 8.50HKD + 10HKD (exchange fee) + 0.54HKD (regulatory fee) = 19.04HKD/side or ~$2.44/RT ($4.88/RT)
mini Hang Seng Index - 8.50HKD + 3.50HKD (exchange fee) + 0.10HKD (regulatory fee) = 12.10HKD/side or ~$1.55/RT ($3.10/RT)
Hang Seng China Ent. Index - 8.50HKD + 3.50HKD (exchange fee) + 0.54HKD (regulatory fee) = 12.54HKD/side or ~$1.60/RT ($3.20/RT)
Mini Hang Seng China Ent. Index - 8.50HKD + 2.00HKD (exchange fee) + 0.10HKD (regulatory fee) = 10.60HKD/side or ~$1.36/RT ($2.72/RT)
I actually confirmed these figures with an Interactive Brokers agent over the phone b/c it made no sense why the lowest volume TIER-based commissions would be much cheaper than their FIXED-based commissions but apparently it is what it is.
If you're going to trade any of the mini-products along with HSI, definitely don't use AMP since their commissions for the mini-HSI and mini-HHI are an absolute rip-off now.
If you're going to trade just the HSI, just know that you'll be paying 60HKD/RT at AMP versus 38.08HKD/RT at Interactive Brokers under the lowest-volume tier.
That's a 57.5% more expensive rate you'd be paying at AMP versus IB.
For the next-lowest-volume tier, it goes all the way down to 31.08HKD/RT.
That's a 93% more expensive rate you'd be paying at AMP versus IB.
If you hate IB's TWS platform, you can use a futures platform like SierraChart with IB as your brokerage which is what I do for trading HKEX futures.
For CME and Eurex futures, I just stick with AMP.