HHI on HKFE?

[def]

Quote from vegasoul:

it's up 4% today as of now..

may have

caused the HSI to jump up 100 points in less than a minute..

hope the volume picks up quickly..

it's definitely not liquid enough for trading at the moment..

def..may be IB could consider extending the comission offer till

volume picks up, I don't see that happening a month..
by the way..

def..may I ask what sort trading IB/ or yourself do on the HSI?

the gap was due to a large stop order in the HSI that drove the whole market higher - today is very thin and it looks like holiday season is already upon us. In addition a number of H-Share IPO's are coming out which are vastly oversubscribed which are causing excessive buying in some of the listed h-shares.

IB does not trade for it's own account but Timber Hill does. Timber Hill trades and makes markets in equity related derivative products in HK and are trading the H-share futures. Note: Timber Hill's traders/black box does not see nor know about any client orders. All orders go through a seperate API and are routed directly to the exchange. Just in case that isn't clear... I'll state that all of our trading decisions are based independently of IB.

fees: we've got to pay the bills at some point. Our fee (including exchange fees) is less than one tick and commissions shouldn't be a factor if you're going to make money trading this product. We're offering the free commission to hi-lite the product and I think one month does the trick.

 

[BlueHorseshoe]

HHI will be a great product, that is until the Shanghai Derivatives Exchange is launched ... then it will be toast.

I'm hoping it will add more pressure for Taiwan to relax restrictions on trading the local market ... likely only one more drop in the bucket.

 

[def]

Quote from BlueHorseshoe:

HHI will be a great product, that is until the Shanghai Derivatives Exchange is launched ... then it will be toast.

I'm hoping it will add more pressure for Taiwan to relax restrictions on trading the local market ... likely only one more drop in the bucket.

we'll need a little thing called a rule of law first

 

[BlueHorseshoe]

+5% ... WoW! This contract is going to get some attention.

It will here anyway ...

 

[capitalMan]

Quote from def:



the gap was due to a large stop order in the HSI that drove the whole market higher - today is very thin and it looks like holiday season is already upon us. In addition a number of H-Share IPO's are coming out which are vastly oversubscribed which are causing excessive buying in some of the listed h-shares.

IB does not trade for it's own account but Timber Hill does. Timber Hill trades and makes markets in equity related derivative products in HK and are trading the H-share futures. Note: Timber Hill's traders/black box does not see nor know about any client orders. All orders go through a seperate API and are routed directly to the exchange. Just in case that isn't clear... I'll state that all of our trading decisions are based independently of IB.

fees: we've got to pay the bills at some point. Our fee (including exchange fees) is less than one tick and commissions shouldn't be a factor if you're going to make money trading this product. We're offering the free commission to hi-lite the product and I think one month does the trick.

I guess "equity related derivative" would includes the HSI, I know the market makers on the HSI is making a killing just by looking at my slippage on my stop orders which range from around 6 points to 40 points. Now I know who's on other side of my slippage.

As for comission, I think most people won't be trading it even if it's zero comisssions due to the liquidity at this point, all I am saying is that the promotion might get a better reception if IB waits until the volume builds up a bit.

 

[capitalMan]

Quote from BlueHorseshoe:

HHI will be a great product, that is until the Shanghai Derivatives Exchange is launched ... then it will be toast.

I'm hoping it will add more pressure for Taiwan to relax restrictions on trading the local market ... likely only one more drop in the bucket.

I don't think IB will be offering taiwan anytime soon..

I trade Taiwan everyday and the exchange and its regulations are the worst(and weidest) I have seen. there are stupid regulations like a maximum of 300 contracts per account and max 100 contracts per order. Taiwan is also the only two countries in the world that charge a 0.025% transcation tax on the contract value and it amounts to a lot if you are day-trading. The exchange datafeed is realy slow(updates every 5sec) and and execution computers is down many times this year. the only reason I trade it is because of the diversification from other asian market, it's not very correlated with other markets..

 

[Trader5287]

HHI.HK. - looks like I have IB symbol right from the bulletin. Do I need to sign a disclosure or something? Can't get it allowed for my account which does have HSI?

 

[BlueHorseshoe]

Speaking of Taiwan ... seems this election could turn into a real brawl ... anyone remember the lock downlimit days following the last presidential election? At least this time I won't be long on election night :eek:

Quote from vegasoul:



I don't think IB will be offering taiwan anytime soon..

I trade Taiwan everyday and the exchange and its regulations are the worst(and weidest) I have seen. there are stupid regulations like a maximum of 300 contracts per account and max 100 contracts per order. Taiwan is also the only two countries in the world that charge a 0.025% transcation tax on the contract value and it amounts to a lot if you are day-trading. The exchange datafeed is realy slow(updates every 5sec) and and execution computers is down many times this year. the only reason I trade it is because of the diversification from other asian market, it's not very correlated with other markets..