Let's drum up some demand for Jasdaq listed stocks so that IB will make this available. Sick intraday volatility with a lot of these names, consistently some of the top domestic retail traded names like 4755 Rakuten.
Caveat emptor - the TSE is not suitable for daytrading. It runs on clunky old systems that have very limited capacity. The first sign of a fast market and the tape can run an hour or more behind the action. They had to close the exchange several times during 2005 because they couldn't cope with transaction volumes. Even electronic orders through ISV's like IB (through no fault of their own) is dreadful. You certainly cannot day-trade futures contracts like the full sized JGB and Topix. We've had instances where it takes 5 minutes to get a stop order placed when the market is moving. I expect the same is true of stocks listed on this exchange also. Good luck, bolter
>bolter In defense of the TSE you're way off the bat. Daytrading here in Japan is booming. True, the TSE computers are not new, and they will be replaced in 2008. In the meantime the order capacity has been increased greatly. However, they do not run behind in fast markets. They closed the exchange one afternoon early this year as a precautionary measure. I daytrade stocks and JGB futures on the TSE and orders take 2 to 4 seconds in even the fastest markets. That speed holds true for dealers too. So you are not at a disadvantage. The Osaka exchange, where the big and mini Nikkei 225 futures are traded, replaced its computers this year. Orders there are done in under 1 second. gaijin
Bolter, FWIW, I was trading on OSE last night and it seems a lot better than it used to be. TSE used to be shoddy. But there has been a lot going on in Japan. Competition can do that. They were told to modernize their exchanges or die out. They are modernizing quickly (apparently) I have not traded on TSE in ages but OSE is not the same exchange it was a few years ago. I will update this cause I am sure there will be challenges with these products as they grow. This new Nikkei Mini is going to be one the biggest product in Asia (IMO). The only challenge with Japan is that it is expensive. No were near as expensive as it was in 2000. But still costly compared to other exchanges. Jasdaq has some wild arse stocks but again very costly to trade.
>optionpro007 Can anybody tell me the Nikkei futures trading hours at the TSE? The Nikkei futures, both full size and mini, are traded on the Osaka exchange. The trading times are 09:00 to 11:00 for the morning session and 12:30 to 15:10 for the afternoon session. gaijin
TGM, Thanks for the update. The OSE and SGX are fine but we had massive (and I do mean massive) slipppage again just last week on some TSE trades. The exchange blamed volumes - last week??? - spare me! Anyway, exercise caution with the TSE is all I'm saying. cheers, bolter
i am pissed off that the CFTC has not approved the Nikkei mini for US traders i frequently trade the singapore contract, but the Nikkei Mini thru OSE would be a nice option
IT IS APPROVED. Go back and read the posts. Go to OSE's website. Where do you get ur info? google CFTC approval for OSE's Mini Nikkei I have been trading it and I am a US citizen so have many others....................