Hang Seng and Nikkei futures

Not to be too argumentative, but it is a slow day:

Quote from def:

last I saw, this is a thread on HK and Nikkei Futures Overnight margin for both futures is 6+K USD

True, I wasn't paying attention to this part. Nevertheless I just checked the overnight margin at my broker for Nikkei and it is 4K, thus signifficantly lower than IB's.


There is also a difference between an account min and a min margin.

True, but with a small account it shows at what point the account becomes untradable. At IB, with $1990 you can't trade, at other brokers you still can trade up to 3 contracts.


If you are happy putting your money with a broker that will let you trade with only $500 in the account that is certainly your choice.


I am sorry, but broker security wasn't the question, we were discussing strictly margins.
I love and use IB, but I stand by my original statement, its margins are one of the highest in the US....
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Quote from nickali:

I guess these gaps are during the 'live' session and not just over lunch? I wondered what you consider huge?
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HSI does not have gap when live. They occur over lunch.

HSI is not liquid. Each price generally has less than 10 orders. It can come down to just a few in some cases.

HHI is less liquid than HSI. Maybe experience a few small gaps even when live.
 
Quote from joesan:

Overnight gaps do not influence daytrading, but lunch break gaps do.
And for HSI , it is different with US indexs. I think US index futures markets are traded continuously throughout the day, (or are they ?)
So if you have a position on , with a stop order, your risk is limited and you can go out for a nice lunch. But HSI is not continuously traded, even if you have a stop order, if NIkkei has a dramatic trend in the opposite direction of your HSI position, you may find the opening price of the afternoon session of HSI is well beyond your stop order, the risk is further extended considering the possibility of a terror attack during the lunch break.

But again, if you have an statistically good edge and sufficient capital, those unfavorable lunch break gaps will not beat you in the long-term.
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You may consider always closing positions before lunch. Then you don't need to be worried about lunch-time gaps.
 
i am currently looking into this Hang Seng index...
does anyone know how to set up some market breath indicators for the HSI....tick, trin, add... or where i can get the information and try and set it/program it up myself?
how do you guys trade the hsi ? rely on "feel" and lagging indicators???
 
Quote from def:

I have no idea where people actually make such false claims - "it is one of the highest". I know for a fact in HK our intraday margins are very reasonable and competitive.
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Sorry no.

IB is very conservative in daytrading margin. It is just 50% off.

It needs $25,818(516.36 points) for 1 HSI contract. Some may offer lower than about $15,000 (lower than 300 points).

I never see there is more than 500-point volatility intraday in HSI.
 
Quote from TGM:

Margins at IB are 50% for everything intraday (with futures). It is a good deal for the most part.

Def,

clue me in on all those companies you have listed under Hong Kong futures margin section. I just noticed them. I take it they are single stock futures. Are any of them liquid?

Any of you guys trading these?
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Forget about single stock futures. Nearly all are dead water - too illiquid!
 
Quote from Pekelo:

Not to be too argumentative, but it is a slow day:

True, I wasn't paying attention to this part. Nevertheless I just checked the overnight margin at my broker for Nikkei and it is 4K, thus signifficantly lower than IB's.

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just to clarify and correct the above statement:

4K is overnight maintenance and IB charges the same. That figure comes directly from the exchange. Initial margin is around 6K but since we offer day margins of 50% it is actually around 3K.
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While on the subject, when trading nikkei, hsi and spi futures via ib, are the rules the same with regards to tax implications?

What i mean is that in trading the US futures you fill out the w8ben (i'm not a us citizen nor us resident) and pay taxes in your home country.

When trading the the hsi and nikkei, or even the eurex futures for that matter, is the w8ben enough for traders with status like mine?

thanks.
 
Quote from def:

just to clarify and correct the above statement:

4K is overnight maintenance and IB charges the same. That figure comes directly from the exchange. Initial margin is around 6K but since we offer day margins of 50% it is actually around 3K.
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in your website initial margins are quoted much lower; just a touch above 1k bucks..and for maintenance 3k+. i dont think that's correct...never really looked at my acct when i had a pos on so i dont really have a clue how much it is required; have a look at ib margins schedule. i am talkin' about sgxnk @sgx.
 
Quote from Bitstream:

in your website initial margins are quoted much lower; just a touch above 1k bucks..and for maintenance 3k+. i dont think that's correct...never really looked at my acct when i had a pos on so i dont really have a clue how much it is required; have a look at ib margins schedule. i am talkin' about sgxnk @sgx.
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it is correct, read the column titles and you'll find the word "INTRADAY".
 
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