Trading the Nikkei 225 (/NDK) on AmeriTrade

[i960]

OSE is the native exchange. Trading NKD and NIY on CME is definitely doable but it's like trading ES on OSE (if they had such a thing).

 

[Gruber]

Yes, there would be no problem on OSE with either the Large or Mini. The volume in the U.S. would be significantly less

Is there an international broker that offers trading on OSE?

OSE is the native exchange. Trading NKD and NIY on CME is definitely doable but it's like trading ES on OSE (if they had such a thing).

Darn. I wish I had access to the book, I have no idea how much liquidity that can be.

 

[i960]

Also if you're really going to be trading 100 lots then you should consider the N225 full contract on OSE. There's another mid-size contract on SGX called SGXNK. I believe the liquidity is decent but probably similar to CME in that OSE wins.

 

[i960]

Here's an example of N225M during prime time:

http://www.elitetrader.com/et/index...risk-in-the-sp500.85694/page-982#post-4173697

About 3k on both sides or so but that was also during a selloff. Anyway, it's the most liquid Nikkei contract in the world.

If you trade this stuff you should really be using an IB account. Commissions, market access, ease of currency conversion, etc.

 

[learner2007]

I

Is there an international broker that offers trading on OSE?

IB.

Just looked at your profile page. At 19 years old I imagine you meant 100 contracts of the Mini, as the margin for the Large would be $580,000 on OSE.

 

[Gruber]

Here's an example of N225M during prime time:

http://www.elitetrader.com/et/index...risk-in-the-sp500.85694/page-982#post-4173697

About 3k on both sides or so but that was also during a selloff. Anyway, it's the most liquid Nikkei contract in the world.

If you trade this stuff you should really be using an IB account. Commissions, market access, ease of currency conversion, etc.

The problem is, I am not able to use IB since I'm not an US-resident nor an US-citizen, nor I live in the US, I'm a foreign investor.

I

IB.

Just looked at your profile page. At 19 years old I imagine you meant 100 contracts of the Mini, as the margin for the Large would be $580,000 on OSE.

Yes, you are indeed correct. Sorry.

 

[learner2007]

The problem is, I am not able to the using IB since I'm not an US-resident nor an US-citizen, nor I live in the US, I'm a foreign investor.

IB has customers all around the world.

 

[Gruber]

IB has customers all around the world.

Last time I checked I couldn't open an account with them, but I'll contact them again, next Monday.

 

[i960]

Last time I checked I couldn't open an account with them, but I'll contact them again, next Monday.

I can't think of any location based scenario in which someone would be able to open a TD account but not an IB account. TD would be even more restrictive.