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Old Apr 16th, 2012, 04:01 AM   #1
blackstormcap
 
 
Join Date: Aug 2011
Posts: 170
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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Old Apr 16th, 2012, 04:30 AM   #2
Martinghoul
 
 
Join Date: Jan 2009
Location: London
Posts: 6,506
Do the trade somewhere else...
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Old Apr 16th, 2012, 04:46 AM   #3
blackstormcap
 
 
Join Date: Aug 2011
Posts: 170
where can you buy EURCHF options?
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Old Apr 16th, 2012, 05:13 AM   #4
trade2live
 
 
Join Date: Jan 2009
Posts: 399
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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Old Apr 16th, 2012, 05:23 AM   #5
Martinghoul
 
 
Join Date: Jan 2009
Location: London
Posts: 6,506
The OP is referring to the IMM forward, aka the EURCHF futures, I presume.
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Old Apr 16th, 2012, 06:58 AM   #6
twoshepards
 
 
Join Date: Apr 2010
Posts: 42
You're not going to beat the liquidity of the CME for FX options: http://www.cmegroup.com/trading/fx/g...xpMonth=201206
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