Originally posted by SciTrader
3 wishes then:
1. the roll out of multi-currency futures account, or all-in-one account if it accomodates the functionality of multi-currency futures trading. ASAP! No roll over again please!
Coming soon, it is in testing. hopefully just a matter of weeks or less.
2. open the door to Korea's Kospi 200 futures & options trading, with the same low commissions. And one further step, OSE's Nikkei 225 futures & options, which are liquid and auction trading "Full Automated Computer System (individual auction)." Thinks no other exchanges not currenctly available on IB TWS will interest me.
korea will be very expensive. until seat prices come down, IB/Timber will not be buying a seat. Quotes I've rec'd for professional trading (i.e. Timber Hill prop side which could be a multi-million dollar account) are very high. I'd be surprised if you could find a retail quote for less than 30-50 bps per option contract. Futures are also quoted in basis points and I think would be around 1%. I'm amazed that market does so well with fees so high. The system is overloaded (i.e. you might get fills back 30+ seconds in active markets). However, the exchange/brokers did a great job in educating the public on derivative products.
Japan, we could offer that now but need to make sure things are reliable and there is sufficient demand. However, Japanese fees could not approach the US fees as the economies of scale do not yet exist. (i'd be involved on this one so if you have interest send me a PM or e-mail)
3. "Interactive Broking" true realtime interbank forex and currency options trading on IB TWS.
You can trade via IBFX right now. I'm not that familiar with the product. The rates are better than going to a bank and I think it is set up to faciliate cross currency trading. Perhaps down the line, other partners will join in to make it real FX market.
