SSF and IB

Discussion in 'Financial Futures' started by u130747, Oct 29, 2002.

  1. You'll want quotes from both exchanges for those SSF that trade on both. Unless you decide you like one exchange better than the other. You'll just need to route your closing order to the same exchange you opened it on. Otherwise, you'll be left with one long and one short position on the same SSF.

    Although (at Interactive Brokers at least), if you do establish a long and short position on the same expiration date of an SSF (you would need to do that on two exchanges), your margin requirements are 10%, instead of the usual 20%.

    It's worth thinking about. Could be a useful strategy. Like having a call and a put option on the same stock, without the time-decay?
     
    #41     Nov 8, 2002
  2. NQLX plans to offer around 50 SSFs and Futures on ETFs. One Chicago plans on offering over 80 SSFs and narrowed based indices. SSFs that are dually listed on both exchanges are not fungible, thus, contracts opened on an exchange must be closed on that exchange.

    -from Interactive Broker's explanation of SSF


     
    #42     Nov 8, 2002
  3. shyhh

    shyhh

    Thanks Cdntrader, glad they finally got the approval. Let see how SSF perform today :)
     
    #43     Nov 8, 2002
  4. nitro

    nitro

    Got it.

    Thx.

    nitro
     
    #44     Nov 8, 2002
  5. DEM

    DEM

    I always get the erorr: the security .. is not avaible...

    What exactly did you type in for the underlying and which month did you select?

    Dem
     
    #45     Nov 8, 2002
  6. jtraders

    jtraders

    Just type in the symbol, select Future, select Dec 2002 and then select NQLX or One Chicago as your route.
     
    #46     Nov 8, 2002
  7. Not all stocks trade SSF. Only about 25 stocks are set to trade them today
     
    #47     Nov 8, 2002
  8. DEM

    DEM

    thx...
     
    #48     Nov 8, 2002
  9. m22au

    m22au

    Are Nov 2002 SSFs available?

     
    #49     Nov 8, 2002
  10. u130747

    u130747

    I think front month is DEC.



    Bert:D
     
    #50     Nov 8, 2002