Futures Broker for HSI

Discussion in 'Retail Brokers' started by Eli Stern, Jul 10, 2019.

  1. Hi @Eli Stern. Our sales team here at TT can help you find a broker that fist your needs. Send me your contact info and I'll hook you up.
     
    #11     Jul 10, 2019
  2. FYI, The front month in HK is the active month up until the day before expiration.
     
    #12     Jul 10, 2019
  3. SteveH

    SteveH

    OP,

    And remember, HHI moves in-sync with the HSI. It's like trading a 1/2 HSI contract

    Welcome to **THE BEST** trend trading contract in the world.

    Kiwi! Great to still see you around! I owe a lot to you and gb007 for helping me get started in futures trading (hanging around in the old 2003-2004 Woodie chat stream).

    [It's too bad most of you on ET don't know just how awesome a person and trader this man is.]
     
    Last edited: Jul 10, 2019
    #13     Jul 10, 2019
    patrickrooney likes this.
  4. I think most futures brokers offer HSI right? I know my broker Cannon does but I believe it does cost extra for the data feed.
     
    #14     Jul 10, 2019
  5. MattZ

    MattZ Sponsor

    We have access to HSI and MSI. Will find the right solution based on customer's needs and experience.
     
    #15     Jul 10, 2019
  6. Thanks. Will get in touch with you once things fall in place.
     
    #16     Jul 11, 2019
  7. Thanks. I will get in touch with you once things fall in place.
     
    #17     Jul 11, 2019
    MattZ likes this.
  8. MattZ

    MattZ Sponsor

    Looking forward to it.
     
    #18     Jul 11, 2019
  9. AMP_Futures

    AMP_Futures ET Sponsor

    At AMP using CQG datafeed, you can trade all of these exchanges in One Account:
    • Hong Kong (HKEX)
    • Osaka - Japan (JPX)
    • Singapore Exchange (SGX)
    • Sydney Futures Exchange (SFE)
    • CME - (CME, COMEX, NYMEX)
    • EUREX
    • ICE-US / ICE-UK
    • CBOE Volatility Index (VIX)
    AMP offers our customers multiple pricing options: https://portal.ampclearing.com/account/commissionquote.aspx

    Here is the link to AMP Margins: https://www.ampfutures.com/trading-info/margins/

    For most trading platforms, once live account is funded with minimum of $100 – you will get streaming, continual access to both live and demo.

    Here is link to all 40+ available trading platforms: https://www.ampfutures.com/platforms/

    We look forward to supporting you reach your trading goals!
     
    #19     Jul 11, 2019
  10. canoe

    canoe

    AMP secretly increased the commissions for trading HSI by double since a month ago so avoid AMP if you want to trade HSI.

    This is what the ALL-IN commissions for HKEX products with AMP Futures used to look like a month ago:

    https://i.imgur.com/5s2gqRH.png

    Hang Seng Index - $1.96/side ($3.92/RT)
    mini Hang Seng Index - $1.07/side ($2.14/RT)
    Hang Seng China Ent. Index - $1.13/side ($2.26/RT)
    Mini Hang Seng China Ent. Index - $0.88/side ($1.76/RT)

    This is what the ALL-IN commissions for HKEX products with AMP Futures looks like today:

    https://i.imgur.com/bxVExFz.png

    Hang Seng Index - 30HKD/side or ~$3.90/side ($7.80/RT)
    mini Hang Seng Index - 17HKD/side or ~$2.20/side ($4.40/RT)
    Hang Seng China Ent. Index - 20HKD/side or ~$2.60/side ($5.20/RT)
    Mini Hang Seng China Ent. Index - 20HKD/side or ~$2.60/side ($5.20/RT)

    Under the previous rate, you could cover the round trip commission of $3.92 after 1 tick with the HSI. Now it requires 2 ticks.

    With the mini Hang Seng Index, it's even worse. Previously you could cover the round trip commission of $2.14 after 2 ticks. Now it requires 4 ticks.

    And it's a total rip-off that they're charging the same commissions for both HHI and the mini-version of the HHI. You'd have to cover a whole 5 ticks for the mini-hangseng china ent. index just to break even; whereas before, you were just below breakeven merely after 1 tick.

    ---------------------

    AMP's new HKEX commissions rates are directly copied from Interactive Broker's FIXED commissions rate for HKEX futures, as you can see for yourself here:

    https://www.interactivebrokers.com/en/index.php?f=1590&p=futures1

    But the thing is, if you decide to use Interactive Brokers' TIERED commissions rate for HKEX futures, even the lowest-volume tier is cheaper than their FIXED rate (and likewise, AMP's rate).

    https://www.interactivebrokers.com/en/index.php?f=1590&p=futures2

    For example, you can see that for the lowest volume tier at IB (the most expensive tier fyi), the commissions are

    Hang Seng Index - 8.50HKD + 10HKD (exchange fee) + 0.54HKD (regulatory fee) = 19.04HKD/side or ~$2.44/RT ($4.88/RT)
    mini Hang Seng Index - 8.50HKD + 3.50HKD (exchange fee) + 0.10HKD (regulatory fee) = 12.10HKD/side or ~$1.55/RT ($3.10/RT)
    Hang Seng China Ent. Index - 8.50HKD + 3.50HKD (exchange fee) + 0.54HKD (regulatory fee) = 12.54HKD/side or ~$1.60/RT ($3.20/RT)
    Mini Hang Seng China Ent. Index - 8.50HKD + 2.00HKD (exchange fee) + 0.10HKD (regulatory fee) = 10.60HKD/side or ~$1.36/RT ($2.72/RT)

    I actually confirmed these figures with an Interactive Brokers agent over the phone b/c it made no sense why the lowest volume TIER-based commissions would be much cheaper than their FIXED-based commissions but apparently it is what it is.

    If you're going to trade any of the mini-products along with HSI, definitely don't use AMP since their commissions for the mini-HSI and mini-HHI are an absolute rip-off now.

    If you're going to trade just the HSI, just know that you'll be paying 60HKD/RT at AMP versus 38.08HKD/RT at Interactive Brokers under the lowest-volume tier.

    That's a 57.5% more expensive rate you'd be paying at AMP versus IB.

    For the next-lowest-volume tier, it goes all the way down to 31.08HKD/RT.

    That's a 93% more expensive rate you'd be paying at AMP versus IB.

    If you hate IB's TWS platform, you can use a futures platform like SierraChart with IB as your brokerage which is what I do for trading HKEX futures.

    For CME and Eurex futures, I just stick with AMP.
     
    #20     Jul 11, 2019