IB : could SGXNK be offsetted by NIY?

Discussion in 'Retail Brokers' started by frisolac, Mar 8, 2006.

  1. frisolac


    Anyone knows this?

    If I have some SGX's Nikkie 225 (IB symbol: SGXNK), could I offset it by using CME's Nikkie 225 (IB symbol : NIY) through Interactivebrokers?
  2. Sashe


    I offset SGXNK by NKD when singapour is closed
  3. Sure, but realize they're not equal tick values. NKD = $500 per point with SGXNK = $425.
  4. ids

    ids Interactive Brokers

    You can offset but you will not save on margin.
  5. def

    def Interactive Brokers

    FYI, there is a mutual offset facility between the exchanges but due to cost and frankly lack of demand, it's rec'd a low priority on the todo list and we haven't programmed it yet.