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blackstormcap
 

Registered: Aug 2011
Posts: 170

 

04-16-12 09:01 AM

i am long 2M EURCHF in IB and the interest charge is about 40USD a day which is a little expensive given that the carry is "supposed" to the positive.

I am now looking to do the trade via CME EURCHF forward instead.

how do you guys go around the high carry cost issue with IB?

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Martinghoul
 

Registered: Jan 2009
Posts: 5641

 

04-16-12 09:30 AM

Do the trade somewhere else...

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blackstormcap
 

Registered: Aug 2011
Posts: 170

 

04-16-12 09:46 AM

where can you buy EURCHF options?

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trade2live
 

Registered: Jan 2009
Posts: 314

 

04-16-12 10:13 AM

IB rollover charges can be a ripoff, last time I checked OANDA had better interest rates.

btw I didn't know you could trade forwards on CME

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Martinghoul
 

Registered: Jan 2009
Posts: 5641

 

04-16-12 10:23 AM

The OP is referring to the IMM forward, aka the EURCHF futures, I presume.

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twoshepards
 

Registered: Apr 2010
Posts: 37

 

04-16-12 11:58 AM

You're not going to beat the liquidity of the CME for FX options: http://www.cmegroup.com/trading/fx/...expMonth=201206

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