IB: Unable to compute monetary value

K

kashirin

Interactive brokers doesn't allow to trade futures or futures options without open interest and gives error - unable to compute monetary value of the contract

I'm particulalry interested in currency futures options

Can anyone recommend a brokers which doesn't have this limitation and can trade all contracts listed on Globex no matter if it has open interest or not
 
Mirus Futures allows one to trade currency futures at pretty good margin.

Remember margin does change when markets close for futures. However, you can ask them what times during the day and night the markets so that you can close your position if you don't want to risk higher margin.
 
Quote from kashirin:

Interactive brokers doesn't allow to trade futures or futures options without open interest and gives error - unable to compute monetary value of the contract

I'm particulalry interested in currency futures options

Can anyone recommend a brokers which doesn't have this limitation and can trade all contracts listed on Globex no matter if it has open interest or not
More...

That is not correct. If you want to let me know which contract in particular you're looking at I can ask someone to take a look. For example, I know the EuroStoxx contracts on the SGX have no open interest in July and the attached screenshot will show working orders that I just placed where there was no a bid ask.
 

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Quote from def:

That is not correct. If you want to let me know which contract in particular you're looking at I can ask someone to take a look. For example, I know the EuroStoxx contracts on the SGX have no open interest in July and the attached screenshot will show working orders that I just placed where there was no a bid ask.
More...

What I'm trying to trade is new weekly currency futures options like this one. I have already contacted the support and was answered those kind of options are not tradable if there is no open interest

Underlying
__
CAD JUN'11 Futures

Security Type
__
FOP

Contract Month
__
MAY11

Expiration Date
__
MAY 13 '11

Strike
__
1.04

Right
__
Call

Multiplier
__
100000

Trading Class
__
6C2

Exchange
__
GLOBEX__

Currency
__
USD

Region Name
__
America
 
any idea when weekly options will be allowed to be traded? Grains are coming out with weekly options as well...

Also any timeline if ever on CSOs? Thanks.
 
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