questions on Hang Seng future (HSI)

Quote from def:

You have no clue about regulators out here who are quite strict. Brokers who do not follow the rules and regulations will be not be allowed to conduct business. Interesting enough, you mention Singapore and hong kong which have very strong regulators and segregation rules while touting the US. You might want to look in your own back door and track down where cash went missing on the client sde this past year with MF and PFG. LOL.

@def

anyone who ever lives in hkg, understands exactly what i said and what i meant.

having strict rules and regulations is one thing--looking good on paper.

applying those rules evenly across the populace is another dimension altogether.

any kwai-low (a somewhat derogatory term used to refer to foreigners) living in hkg would understand the extent of the application of the laws governing brokerage practices, particularly if you are still climbing the ladder to have an office of your own, hopefully overlooking from the peak somewhere.

as an ib and where you currently are positioned, you are just too far removed from the main action to even privy to even know what your honorable md are up to.... from day to day; in order to keep paying you and others on time.

funny that you should mention pfg et al....

take a good look at the evidence submitted for claims which might or might not be ever reimbursed in full or otherwise....

now, my friend, do i or don't i know what i am talking about both in real time and/or in sim.... and/or what goes on in the u.s., euro, aussie or asean et al markets.... LOL
 

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Quote from def:

You have no clue about regulators out here who are quite strict. Brokers who do not follow the rules and regulations will be not be allowed to conduct business. Interesting enough, you mention Singapore and hong kong which have very strong regulators and segregation rules while touting the US. You might want to look in your own back door and track down where cash went missing on the client sde this past year with MF and PFG. LOL.

@def

anyone who ever lives in hkg, understands exactly what i said and what i meant.

having strict rules and regulations is one thing--looking good on paper.

applying those rules evenly across the populace is another dimension altogether.

any kwai-low (a somewhat derogatory term used to refer to foreigners) living in hkg would understand the extent of the application of the laws governing brokerage practices, particularly if you are still climbing the ladder to have an office of your own, hopefully overlooking from the peak somewhere.

as an ib and where you currently are positioned, you are just too far removed from the main action to even privy to even know what your honorable md are up to.... from day to day; in order to keep paying you and others on time.

funny that you should mention pfg et al....

take a good look at the evidence submitted for claims which might or might not be ever reimbursed in full or otherwise....

now, my friend, do i or don't i know what i am talking about what goes on in the u.s., euro, aussie or asean et al markets.... LOL
 

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Quote from alexsiew1976:

I there, I saw some posts on questions regarding trading HSi and MHI. Hope i can provide some info here.

I am trading MHI live. Here is the best arrangement I found so far:

(1) Open a live a/c with Dai Tong Securities HK.
Foreign brokers like IB dont really work well when comes to real life trading. HK brokers are better in getting good fill, and functionable stop loss.

(2) Use SPSystem R8.3 to trade. Many HK brokers have the option to use this platform for trading MHI. Use it. its the most fair platform as yet. U will not get ridiculous pricing fill.

(3) Stop Loss are not guaranteed. This is the known fact in HK. No broker will honour ur SL 100%. they even have a disclaimer which say so. U just have to call to ask them, and they will tell u to use it or leave it. Basically ask u to f*** off. No HK broker has good service attitude.

(4) Unlike NQ and ES, trading HSI is never fair. NEVER. U r at the mercy of broker. If u dont watch ur screen, they will choose to skip your order if its in ur favour, and will definitely fill it if its not in your favour.

Anyway, good luck you guys. I'm a trader from malaysia, and I trade NQ and ES too.

thx for telling it like it is....

even amongst kwai-low brokers, many would disagree with your deliberation which differs from what they have been taught or led to believe at whatever their levels.... LOL

amongst the local retail traders, it is even much worse.... sigh....

any way, thx much for the revelation. nakachalet@gmail.com
 
Quote from nakachalet:

@def

anyone who ever lives in hkg, understands exactly what i said and what i meant.

having strict rules and regulations is one thing--looking good on paper.

applying those rules evenly across the populace is another dimension altogether.

any kwai-low (a somewhat derogatory term used to refer to foreigners) living in hkg would understand the extent of the application of the laws governing brokerage practices, particularly if you are still climbing the ladder to have an office of your own, hopefully overlooking from the peak somewhere.

as an ib and where you currently are positioned, you are just too far removed from the main action to even privy to even know what your honorable md are up to.... from day to day; in order to keep paying you and others on time.

funny that you should mention pfg et al....

take a good look at the evidence submitted for claims which might or might not be ever reimbursed in full or otherwise....

now, my friend, do i or don't i know what i am talking about what goes on in the u.s., euro, aussie or asean et al markets.... LOL

I've lived here for many years and know exactly what I am talking about and fortunately know you still have no idea how things work. That's for the laughs as I am calling it a night.
 
Quote from def:

I've lived here for many years and know exactly what I am talking about and fortunately know you still have no idea how things work. That's for the laughs as I am calling it a night.

good night and sweet dream to you and yours.

we all are apparently in the same biz, but operate from different ends, so to speak.

sorry, if i'd had ruffled up your feathers some, OK? and best wishes in your brokerage endeavor in hkg.
 
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