IB: Unable to compute monetary value

Discussion in 'Order Execution' started by kashirin, May 11, 2011.

  1. kashirin

    kashirin

    Interactive brokers doesn't allow to trade futures or futures options without open interest and gives error - unable to compute monetary value of the contract

    I'm particulalry interested in currency futures options

    Can anyone recommend a brokers which doesn't have this limitation and can trade all contracts listed on Globex no matter if it has open interest or not
     
  2. Mirus Futures allows one to trade currency futures at pretty good margin.

    Remember margin does change when markets close for futures. However, you can ask them what times during the day and night the markets so that you can close your position if you don't want to risk higher margin.
     
  3. def

    def Sponsor

    That is not correct. If you want to let me know which contract in particular you're looking at I can ask someone to take a look. For example, I know the EuroStoxx contracts on the SGX have no open interest in July and the attached screenshot will show working orders that I just placed where there was no a bid ask.
     
  4. kashirin

    kashirin

    What I'm trying to trade is new weekly currency futures options like this one. I have already contacted the support and was answered those kind of options are not tradable if there is no open interest

    Underlying
    __
    CAD JUN'11 Futures

    Security Type
    __
    FOP

    Contract Month
    __
    MAY11

    Expiration Date
    __
    MAY 13 '11

    Strike
    __
    1.04

    Right
    __
    Call

    Multiplier
    __
    100000

    Trading Class
    __
    6C2

    Exchange
    __
    GLOBEX__

    Currency
    __
    USD

    Region Name
    __
    America
     
  5. ids

    ids

    We are not offering weekly FX options yet. Open interest does not matter.
     
  6. ids

    ids

    CME weekly FX options are released to customers.
     
  7. any idea when weekly options will be allowed to be traded? Grains are coming out with weekly options as well...

    Also any timeline if ever on CSOs? Thanks.