Discussion in 'Index Futures' started by ASusilovic, Mar 2, 2009.
Any comments with regards to volume, spreads, correlation etc.?
Thanks in advance !
I trade this market every day, volumes are good for the day session and it moves well, current range is about 75 points or A$1875.
Watch out for Australian statistics which are usually announced 11-30am Sydney time also the RBA announces interest rate decisions on the first Tuesday each month at 2-30pm, at these times volatility goes pretty high.
Avoid the night session as its not very liquid and spreads can be huge, the day session the spread is most always only 1 point (A$25 per point).
Overall its a very good market to trade, well the day session is anyway, opens 9-50am or 10 mins before the cash, closes 4-30pm or 30 mins after the cash has closed, night session runs from 5-10pm until 8am the following morning.
The volumes and spreads are good during the day, but can widen a little during the night session.
aussie is not bad, although the spread can stay at 2 points quite often.
Taiwan is the easiest to read, it's like shooting fish in a barrel.
the best one is korea, very technical, superb liquidity.
Hongkong is good if you are a thrill seeker.
Between all Asian markets, KOPSI is the best to day trade.
What broker are you using to trade the kospi?
When I looked there was only one or two online platforms that offered the kospi.
I use IB. What other brokers do you know?
I use the www.totaltrader.com.au platform for most of my trading. I have used the IB platform before, but found their support hopeless.
Unfortunatly very few online platforms seem to cover the kospi.
I can only use broker that offers either Ninja or X Trader.
What do you know about them ?
The web site does not inspire confidence:
- can't find commish schedule
- can't find any mailing address
- can't find list of products or exchanges
- can't find any evidence of financial stability
- can't find margin requirements
DNS record suggests they are owned by:
and the DNS registrant (MXWay Online) is a parked domain.
Separate names with a comma.