Trading the Nikkei 225 (/NDK) on AmeriTrade

Gruber · Sep 12, 2015

Hello.

I've been lurking here for some time and I wondered, which of you trade the Nikkei 225 future contract on AmeriTrade or IB?

How was your experience? How much margin is required? What's the $ per point variation?

Thanks!

Scataphagos · Sep 12, 2015

For US players, the Nikkei futures trades frequently with large gaps. Fine when you're on the right side... not so fine when on the wrong side.

Gruber · Sep 12, 2015

Scataphagos said:
For US players, the Nikkei futures trades with frequently large gaps. Fine when you're on the right side... not so fine when on the wrong side.

I am way more into Day-Trading than Swing trading. And I always risk-adjust my positions when they stay overnight, so I don't mind huge gaps.

But you're telling me the Nikkei futures (/NDK) are actually traded on the CME exchange?

rockn · Sep 12, 2015

This was just posted yesterday from Tastytrade for TOS platform. I think its a new product for them also.

Gruber said:
Hello.

I've been lurking here for some time and I wondered, which of you trade the Nikkei 225 future contract on AmeriTrade or IB?

How was your experience? How much margin is required? What's the $ per point variation?

Thanks!

Gruber · Sep 12, 2015

rockn said:
This was just posted yesterday from Tastytrade for TOS platform. I think its a new product for them also.

That's pretty cool! Thanks for sharing.

i960 · Sep 12, 2015

It can be done but liquidity is nowhere near the N225M contract on OSE.JP which IB has access to.

Gruber · Sep 12, 2015

i960 said:
It can be done but liquidity is nowhere near the N225M contract on OSE.JP which IB has access to.

What's the liquidity? I mean, the market I trade the most is normally influenced by 50 contracts and above. (Brazilian Future Real), how can I compare it?

learner2007 · Sep 12, 2015

Gruber said:
What's the liquidity? I mean, the market I trade the most is normally influenced by 50 contracts and above. (Brazilian Future Real), how can I compare it?

I trade it every day on OSE There are normally 200 to 1200+ contracts at every price level(now fewer with the current volatility). There is never more than 1 tick between Best Bid 1 and Best Ask 1.

Gruber · Sep 12, 2015

learner2007 said:
I trade it every day on OSE There are normally 200 to 1200+ contracts at every price level(now fewer with the current volatility). There is never more than 1 tick between Best Bid 1 and Best Ask 1.

So I'd be able to enter with 100 contracts with no problem? That's a pretty nice liquidity.

The problem is, the liquidity on the OSE and the CME seems to differ. I'm not sure of that tho.

learner2007 · Sep 12, 2015

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