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Should I trade the Nikkei?
- Thread starter ccasadei
- Start date
Quote from kiansoon:
Would trade in Simex, or SGX-DT as they now call it. Because of the commissions. It is much cheaper in Singapore than in Osaka.
Kiansoon
I'm not sure if that's true anymore. Through IB, depending on your volume, you pay between Y500-Y750 per contract per side inclusive of all fees for the Osaka contract (and remember that this contract is twice the size of the SIMEX contract.) Not to mention the fact that OSE is electronic so you can send an order and receive an execution before you've even dialled your SIMEX broker.
Quote from roberk:
Steve,
I sometimes trade the osaka contract on IB, havent tried the Globex one yet. What is the symbol and hours. If I open a contract with Osaka can I offset it later with a globex one if neccessary?
Osaka Nikkei Contract
Symbol: N225
Globex USD Nikkei Contract
Symbol: NKD
Trading Hours: 0800-1515 Chicago time
We do not offer the Globex JPY Nikkei contract.
The contracts are not fungible, i.e. you cannot open a position on one exchange and close on the other exchange.
Quote from Steve_IB:
I'm not sure if that's true anymore. Through IB, depending on your volume, you pay between Y500-Y750 per contract per side inclusive of all fees for the Osaka contract (and remember that this contract is twice the size of the SIMEX contract.) Not to mention the fact that OSE is electronic so you can send an order and receive an execution before you've even dialled your SIMEX broker.
Actually i pay much less than that. Some local traders here pay about Y45 per side per lot for commissions or less.
Iwould trade the foreign exchange market if you looking to trade the late hours. Currencies are more stable to trade.
I wouldn't recommend it.
HSI is way better
HSI is way better