Nikkei

Discussion in 'Financial Futures' started by Cutten, May 10, 2004.

  1. def

    def Sponsor

    the Osaka contracts are CFTC approved and thus US residents can legally trade them via IB.
     
    #31     May 10, 2004
  2. BrianLA

    BrianLA

    Thanks, Def.
     
    #32     May 10, 2004
  3. Cutten

    Cutten

    I use my normal futures brokers (UBS, Man). I also use my IB account to trade the Osaka Nikkei contract. Any good global futures broker should have access to both exchanges, but IB only trade the electronic one (Simex is pit-traded). I like the Simex contract because it trades wider hours (I'm based in the UK, and Simex trades up until 12pm my time, so I don't have to stay awake till 7am to react to the closing price in Tokyo!).

    You might want to try Refco - I am thinking of opening an account with them, they have a good front-end, cover loads of markets, and have reasonable commissions. I believe waggie has an account and is very happy with them.
     
    #33     May 10, 2004
  4. BrianLA

    BrianLA

    It looks like Osaka N225 is on IB's "can't trade" list for U.S. residents which includes:

    German Securities Options
    Hang Seng Index Options
    H-share Futures
    Mini-Hang Seng Index Futures
    Nikkei 225 Options (non cme)
    Topix Options
    UK Securities Options
    UK SSFs

     
    #34     May 10, 2004
  5. def

    def Sponsor

    Are you looking to do futures or options? Futures are CFTC approved.
     
    #35     May 10, 2004
  6. Cutten

    Cutten

    Got stopped out of these @ 10860, so I'm now flat.
     
    #36     May 11, 2004
  7. BrianLA

    BrianLA

    Still long and looking to sell into the U.S. rally, if any. 10915 stop.
     
    #37     May 11, 2004
  8. Should have bounced more. By no means clear, N225 out of the woods. Probably China rate rise remains a brake. Closed NKD on the open earlier.

    Geo.
     
    #38     May 11, 2004
  9. does anyone trade the Nikkei 225 Simex options?
    I trade the futures but was wondering what the liquity is like?
    It looks like anything otm is dead.

    Thanx

    shivastar
     
    #39     May 11, 2004
  10. mgarc

    mgarc

    an alternative trading vehicle for Japanese exposure is the stock EWJ (Ishare MSCI Japan).

    it's pretty much an overnight bet, just like the Nikkei at the CME.

    it's pretty liquid. bought some yesterday, and flipped it today for a 1+% scalp.
     
    #40     May 11, 2004