Korean Kospi 200 Futures Now Available for US-based Customers...

[BlueHorseshoe]

Quote from bidask:

i meant why is it doing 1.5 mil contracts per day? it's only the tiny korean market.

Because:

A. The contract is exceptionally well constructed, and

B. Koreans day trade their own market like you've never seen.

Specifically, the options are only a fraction of the futures ... 5-to-1 or something like that. They are small contracts. Also, commission is based on transacted VALUE, so you can trade many very small contracts without your commission expense ballooning too much out of proportion. Finally, tick size is absolutely microscopic ... perhaps some traders like that??

As liquid as a hot knife through butter - unlike anything you've seen, guaranteed.

 

[bidask]

Quote from BlueHorseshoe:

Because:

A. The contract is exceptionally well constructed, and

how so?

Also, commission is based on transacted VALUE, so you can trade many very small contracts without your commission expense ballooning too much out of proportion.

can you please give an example? is this true for futures too?

 

[dcraig]

Quote from bidask:


can you please give an example? is this true for futures too?

No, future contract is fairly sizable - bigger than ES. Quite liquid - todays volume 430K.

Futures contract ~ 150 x 500,000 multiplier ~= USD 52,400.

 

[RedDuke]

Quote from Surdo:

I do not see it on Ninja Trader yet.

You need to add it manually to instruments. If you need help, I can post the screens here.

 

[BlueHorseshoe]

Quote from bidask:

how so? can you please give an example? is this true for futures too?

So, I can give you a fish, or show you how to fish. All the information you need is right here.

http://eng.krx.co.kr/kic/ptc/ptc_d_003_02.jsp

http://www.interactivebrokers.com/en/accounts/fees/commission.php?ib_entity=llc

 

[jim c]

Anyone look at the dom on the Kospi? It looks like its quotes a nickle wide? What does the size look like? 20 up a nickle wide? Red duke? do you know the symbol for ninja? thx jim

 

[RedDuke]

Quote from jim c:

Anyone look at the dom on the Kospi? It looks like its quotes a nickle wide? What does the size look like? 20 up a nickle wide? Red duke? do you know the symbol for ninja? thx jim

DOM is pretty liquid. About 300-400 across 5 bid levels and about the same on ask. The spread is 1 tick for most time.

This instrument is not in Ninja, but you can add it manually. I will post Ninja config screens today in the evening.

 

[jim c]

Quote from RedDuke:

DOM is pretty liquid. About 300-400 across 5 bid levels and about the same on ask. The spread is 1 tick for most time.

This instrument is not in Ninja, but you can add it manually. I will post Ninja config screens today in the evening.

Your the best! Im gonna take a look tonight. good luck to ya. jim

 

[saxon22]

Quote from moarla:

isnt it amazing that someone has to approve that some citizen can trade something....
US is a little bit crazy this times


hahahahahah

here in europe i dont have to ask nobody....

I love Europe, but if you think individual citizen has more freedoms in Europe, then you are smoking crack!!!!!

 

[RedDuke]

Attached are Ninja Trader config screen for KOSPI futures. There are 2 tabs, one is Definition and the other one is Misc.