EU National but UK resident/tax payer Would think this is a trivial question, but I just can't find anything that works well enough. I've looked into: - GBP Futures (Globex): IB wants massive margin on which they don't pay interest - Synthetic Future on GBP Futures: The same - Synthetic Future on XDB index: Wide bid/ask, no fills anywhere near mid - Sell Box spread on Z index and convert proceeds to other currency: Have to do this blind because mkt data is $120/month, tried anyway but no fill yet up to 0.90% yield, while gilts are 0.75% so seems expensive too. - FPE Futures: 1M GBP contract size (too big) Currently looking at GB Futures on ICEUS that could work but information is very sparse Any suggestions?
It's not IB wanting the big margin on GBP futures, it's the exchange .... seems like your best option though if you ask me