Def Will we be able to trade spot forex in an ira account anytime soon? Given the fact that I can trade currency futures in an ira, I should be able to do the same with spot forex. thanks nbbo
Ib is great by why still no options on forex futures? The CME had the big rollout today to new electronic options and I can call it up on my tws but still no data. And my RFQ just go ignored. Another product offering that I would enjoy is eurodollar options. I sure I'm not the only one thinking this. I am sure that def can give me a good explanation.
We are offering these options starting today. Please, be aware that we support only European style trading classes XT (EUR) and XJ (YPJ). American style options are still out because they do not trade during pit hours.
According to CME website, they are planning to roll out eurodollar options on globex in the 3rd quarter. The 'mass quoting' functionality will be added first, then after certification, the options will be available.
Trade Cancellation Guidelines for Forex trades: * Trades executed greater than 3% away from the Fair Market Value at the time of the execution will be considered for cancellation or price adjustment. * Trades executed greater than ½% away from the Fair Market Value at the time of the execution may be considered for cancellation or price adjustment. * Trades executed less than ½% away from prevailing prices are not usually considered for cancellation. With all trade cancellation requests, it is extremely important to contact IB as soon as possible. Requests should be communicated by phone or by chat; email communication is not recommended for this or any issue requiring real-time response and we will only consider the time of notification to be when the email is processed, not when it was sent. In the event that a trade meets the price guidelines for cancellation but there is a delay in reporting/requesting the cancellation, IB may deny the request for cancellation or may apply other algorithms to determine a price adjustment, for example, taking into account the trading range of the instrument in the time interval from execution to cancellation request. www.interactivebrokers.com/php/legalDocuments/bustPolicy.php
Xenia, Have you had a bad experience with IB forex? I am waiting for the margin changes before trading forex through them. Have the above rules caused you problems?
No, I did not have problems with IB FX. Just a warning to be careful when you see any quotes that look "too good".
As far as IB reduces their forex margins and comms, their conditions would be extremely competetive, I am also eager when it happens.