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Quest for the Next Big Tradable Trend
- Thread starter lynx2004
- Start date
IB also offeres a USD denominated China contract through CBOE Futures exchange. I think the symbol is CX but you'll have to check.
Volume is almost nothing (actually I haven't traded it yet) but for those US residents without access to HHI, or for IRA account that need to trade in USD, that might also be a good vehicle.
Finally, PTR, SNP & HNP make up some 30% (?) of HHI and all cross listed on NYSE.
Volume is almost nothing (actually I haven't traded it yet) but for those US residents without access to HHI, or for IRA account that need to trade in USD, that might also be a good vehicle.
Finally, PTR, SNP & HNP make up some 30% (?) of HHI and all cross listed on NYSE.
Quote from BlueHorseshoe:
IB also offeres a USD denominated China contract through CBOE Futures exchange. I think the symbol is CX but you'll have to check.
Volume is almost nothing (actually I haven't traded it yet) but for those US residents without access to HHI, or for IRA account that need to trade in USD, that might also be a good vehicle.
Finally, PTR, SNP & HNP make up some 30% (?) of HHI and all cross listed on NYSE.
Thanks. I've also added CX (on IB, symbol is CYX) future and those stocks to my quote list. Yes, this could be a good option for those accts which can only trade USD-denominated. Anyone have experience trading these? Any comments on liquidity/bid-offer spread?
http://www.cboe.com/Products/indexopts/cxfutures_spec.aspx
Quote from lynx2004:
Thanks. I've also added CX (on IB, symbol is CYX) future and those stocks to my quote list. Yes, this could be a good option for those accts which can only trade USD-denominated. Anyone have experience trading these? Any comments on liquidity/bid-offer spread?
http://www.cboe.com/Products/indexopts/cxfutures_spec.aspx
I noticed CX (CYX on IB) H05 contract doesn't trade much at all and currently quoted 294.10 bid at 296.80 offer...yikes! can drive a truck thru that bid/offer spread. It is comparable to a 130 point spread on HSI futures...or a 100 point spread on the dow futures...CX is not for me. Any active/liquid Chinese equity futures mkt out there?
FXI (i Shares FTSE/Xinhua China 25 Index Fund) is not too bad..at least it trades and quoted around 55.74/55.80 level but not sure about mkt depth (today size seems mostly on the offers).
According to the amex, this is not the case any longer.
From www.amex.com
iShares FTSE/Xinhua China 25 Index Fund seeks investment results that, before expenses, generally correspond to the price and yield performance of the FTSE/Xinhua China 25 Index. iShares are exchange-traded securities that represent ownership in over 70 different index funds compiled by one of following index providers: Standard & Poor's (a division of The McGraw-Hill Companies, Inc.), Dow Jones & Company, Frank Russell Company, Cohen & Steers Capital Management, Inc., the Nasdaq Stock Market, Inc., Goldman, Sachs & Co., Morgan Stanley Capital International Inc. and FTSE/Xinhua Index Limited. There is no assurance that the price and yield performance of the benchmark index for each fund can be fully matched.
Fund Details
Expense Ratio .74
Trading Increment .01
Minimum Trade Size 1
Marginable Y
Short Selling Allowed Yes
Options Traded Yes
Administrator Investors Bank & Trust Company
Distributor SEI Investments Distribution Co
Trustee N.A.
From www.amex.com
iShares FTSE/Xinhua China 25 Index Fund seeks investment results that, before expenses, generally correspond to the price and yield performance of the FTSE/Xinhua China 25 Index. iShares are exchange-traded securities that represent ownership in over 70 different index funds compiled by one of following index providers: Standard & Poor's (a division of The McGraw-Hill Companies, Inc.), Dow Jones & Company, Frank Russell Company, Cohen & Steers Capital Management, Inc., the Nasdaq Stock Market, Inc., Goldman, Sachs & Co., Morgan Stanley Capital International Inc. and FTSE/Xinhua Index Limited. There is no assurance that the price and yield performance of the benchmark index for each fund can be fully matched.
Fund Details
Expense Ratio .74
Trading Increment .01
Minimum Trade Size 1
Marginable Y
Short Selling Allowed Yes
Options Traded Yes
Administrator Investors Bank & Trust Company
Distributor SEI Investments Distribution Co
Trustee N.A.
Quote from traderbal:
FXI is not shortable. I am very surprised.., may be it has changed since 11/30/04
ETF FACTS
FXI
As of 11/30/2004
Marginable No
Option Tradable No
Short Selling No
Min. Secondary Share Purchase 1
Expense Ratios 0.74%
Quote from zentrader:
This might be better:
http://www.hkex.com.hk/tradinfo/futurescontract/hhifut.htm
HHI (HHI.HK at IB) might be the way to trade China after doing a little looking around. It's in HKD (HKD 50/point) so it wouldn't be available for IRA type accts. I would like to hear if there are other vehicles out there. Any leveraged bear china funds?
specs for HHI:
http://www.hkex.com.hk/tradinfo/futurescontract/hhifut.htm