HK online brokerage

[Trader_Herry]

Quote from def:

The market may not be showing 100up but you can easily fill 100 futures without much impact on the market.

How come?

Usually each price has lower than 10 orders. If you buy 100 orders at market, it may rise 10-20 points.

However you may try to execute bit by bit to lower the impact of your oders to the market.

 

[def]

Quote from Trader_Herry:

How come?

Usually each price has lower than 10 orders. If you buy 100 orders at market, it may rise 10-20 points.

However you may try to execute bit by bit to lower the impact of your oders to the market.

I've been trading this market for 10 years. That's just the way it is. Yes, you can submit a market order and knock it up 10-20 points. However, it will just come back to where it was most of the time these days. There is much hidden liquidity from all the institutions (a ton of structured products trade OTC), day traders and market makers.

 

[moneymonkey]

Trader Henry

Just curious how do you know how many orders are at each price?

Do you get level 2 from IB for HSI?

 

[Trader_Herry]

Quote from def:

I've been trading this market for 10 years. That's just the way it is. Yes, you can submit a market order and knock it up 10-20 points. However, it will just come back to where it was most of the time these days. There is much hidden liquidity from all the institutions (a ton of structured products trade OTC), day traders and market makers.

I see, so you work for IB and trade at the same time.

You are right. I forget to take the hidden orders into account. The institutions and market makers are not going to let a sudden spike mess up their plans.

One point I would like to point out is if someone wish to fill a large order quickly at one price, HSI may not be what you want. You need to trade in larger markets where you can fill large orders easily.

Anyway, I will not so stupid to throw 100 market contracts to get slaugthered. I will fill bit by bit.

 

[kiwi_trader]

Quote from moneymonkey:

Trader Henry

Just curious how do you know how many orders are at each price?

Do you get level 2 from IB for HSI?

You get a price ladder of the nearest 5 bids and 5 asks on your dom. One of the good things about hsi is that the gyrations give you the opportunity to fill at considerably better prices than your trigger signal. It looks wild but the "wildness" provides opportunity that you might miss in a market that moves in a simpler fashion.

 

[def]

Quote from Trader_Herry:

I see, so you work for IB and trade at the same time.

Let me be clear, the entity Timber Hill trades in Hong Kong and I manage the HK operations.

 

[sizzmister]

Just wanna let you all know that I am currently using a Hong Kong local brokerage firm to trade Hong Kong stock with a very low (i mean cheap) brokerage fee

If you are either using smartphone or computer to do online trading,
each trade is going as low as $4.88HKD without any minimum at all

If any of you are interested in the said topic, send me an email and I will give you the link.

But the down side is...you have to open up an account in Hong Kong.
Happy trading folks!

 

[luisHK]

It sounds a bit like advertising, but as many threads on ET have asked about asian based brokers, you might as well post the link to the broker here. I'm curious myself.