London/European Stock Exchanges

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gs57143

Besides Interactive Brokers, are there any other direct access brokers that allow US residents/citizens to trade the London/European stock exchanges?
I work a day job so it's obviously very hard for me to trade during the day, but I'm looking for other ways I can trade(not just stocks) in the late evening/twilight hours. I've read the E-mini's trade 24hrs. Does anyone have any insight into trading the E-minis in the off hours? If anyone has any suggestions, please post them.
Thank you.
 
I think you should forget about trading the Eurozone exchanges.
The 0.5% UK tax stamp, and similar taxes on the other European stocks render this kind of trading extremely risky for the US traders. Just imagine having 40 more cts/sh commissions...
In addition, the exchanges charge significantly more per order than an ECN(up to 50 times).
Frankly, if you have not been trained to trade Euro stocks, just forget about it.
On the other side, the equity index futures will be very active from 9AM to 22PM. The stock markets close before 22PM, but since the master markets are open, the volume remains high.

So, if you really want to trade this zone, go for futures, avoid stocks.


OHLC
 
The problem with Hang Seng and Asian markets is to find the realtime flow .......Any idea ?

IB recently adopted daytrading margin for those products...

FYI HKD 7.8 to 1 USD

HKFE HSI Daytrading margin is 17000 HKD so 2180USD
Point value 50 HKD which is 6.41 USD
RoundTurn is 83 HKD which is 10.6 USD
 
Originally posted by GeorgeSoros
The problem with Hang Seng and Asian markets is to find the realtime flow .......Any idea ?

Work for a large i-bank or futures broker to get the flow :).

I've been trading Hang Seng for 7 years. You see the flow on the screen in front of you as it trades. When the floor was open outcry you could see the flow by the locals front running large orders. Now that it is electronic, you don't see the flow until it smacks you in the teeth as the market does seem to be fair and orderly.

The best thing to do to gain a sense of the flow would be to look at market depth.

Fees: nothing official yet but were probably going to lower them to 30 HKD all in (18.50 HKD per side before exchange fees). To put this fee in perspective, it is cheaper that our prop side and other market participants pay for brokerage (our prop side will use brokers to particpate on spread and volatility orders that get shopped around).
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