US DOLLAR INDEX tradability?

S

SmoothTraderFX

Hi,
I'm looking for possibility to trade US Dollar Index futures.
http://www.elitetrader.com/vb/showthread.php?s=&threadid=14104&highlight=dollar+index
I found this thread here, but I would like to hear anyone trade this.
I understand there are 2 exchanges to offer this pdoduct, CME and NYBOT(FINEX), and heard NYBOT is more active.
I tried to check out the chart, but DX-Z3(NYBOT) and UX-Z3/UD-Z3(CME) are all thin at the chart. ALso I see InteractiveBroker does not have access this product.
After all, I'm pretty pessimistic to trade US Dollat Index futures.

I guess it's best to trade a basket of bunch of currency at same ratio comprising $index.

Appreciated any thought.

Thank you.
 
Smooth - if your time frame is a little longer and you can stand
the extra key strokes , yes , doing it spot or even through fwds
in the following ratios will give you basically the same thing :

DXY:

EUR 57.6%
JPY 13.6%
GBP 11.9%
CAD 9.1%
SEK 4.2%
CHF 3.6%

The other obvious advantage of doing it OTC is 24hr tradability. Nice to know you can get out any time.

Currencies - the "existential choice".

Cheers
 
I was a exchange employee for the NYBT(The exch in which houses the FINEX).

That trading pit was always empty not alot of traders w/ poor liquidity.

My advice look to trade other FX products.
 
The $$ Index contract on the NYBOT is not the best to trade. The slippage can be huge!

Try the CME/IMM Euro dollar contract.
 
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