Rookie needs help...

I was hoping someone might enlighten me to the different role an IB plays compared to an FCM?

Also, I hear there are different types of IB's?

Thanks,

:)
 
Originally posted by bvam1
>>Are you asking what is the difference between index options and index futures? Or are you referring to the difference between the cash index products and the futures products that are based on them? <<

Could you answer both of the questions above!


>>You've got it turned around. The underlying indexes (Naz, S&P) have ETF's (QQQ/SPY), options on the ETFs, futures (NQ/ES), and options on the futures. Futures on common stocks are on the way...at least that's what they keep telling us... Anyway, the futures are based on the underlying index or security, not the other way around.<<

So, there're futures and options on the futures??? Could you explain these two in a little more details. Thanks buddy, you're a life saver! I'm learning alot and fast!

I don't mean to blow you off without an answer, but it would take a lot of space to give the answer justice. I highly suggest you swing by Barnes and Noble and browse through "Starting Out in Futures" or a similar book. It takes more than a line or two to really understand it. You can also try the link below:

http://www.cme.com/education/course...ses_interactivefeatures_webinstantlessons.cfm
 
How are futures trading hours handled with most brokers?

Since they trade 24 hours (minus the 1/2 hour break), what hours do most brokers offer trading in these. (ES and NQ specifically).

Can you get customer support during these hours?

Thanks,

:)
 
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