Trading Emini NQ with IB

Discussion in 'Interactive Brokers' started by PKJR, Jun 21, 2001.

  1. PKJR

    PKJR

    I am considering to open accoutn with IB to trade NQ's.
    My question is how are the fills? How long you usually wait for confirmation (IB)?

    Any pros and cons?

    Thanks
    Paul

     
    #1     Jun 21, 2001
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  2. dozu888

    dozu888

    a couple of months back I did some system trading of NQ with IB, stopped after making no profit. The execution is exellent, stop orders are filled instantly and almost always with no slippage.

    I have to say the emini's are the best daytrading vehicle in terms of liquidity, volatility and execution.. I just need to find a good system to trade it.
     
    #2     Jun 21, 2001
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  3. PKJR

    PKJR

    do you happen to remeber the margin requirerments?

    Thanks
    Paul
     
    #3     Jun 21, 2001
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  4. tntneo

    tntneo Moderator

    I believe it is :
    US$ 6,750 inital
    US$ 5,400 maintenance
    margins for emini Nasdaq

    vpiNeo
     
    #4     Jun 21, 2001
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  5. def

    def Sponsor

    PKJR,
    The margins are the exchange minimums. I didn't check the above figures but they seem about right. For the upto the date figures, you'll need to check the Merc (www.cme.com) web site.
     
    #5     Jun 21, 2001
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  6. JayS

    JayS

    Def

    My broker gives 1/5-th day trading margin on futures, does IB? do they ever plan to?

    Example: emini Nasdaq margins

    $6,750 for overnight

    $1,350 for day trading

    Not that I really need it, its easy to have to much leverage with regular overnight SPAN.

    Thanks




     
    #6     Jun 21, 2001
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  7. Cdntrader

    Cdntrader

    What broker?

    Thanks

     
    #7     Jun 21, 2001
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  8. def

    def Sponsor

    JayS,
    Not in the cards. IB requires money upfront. I don't think the firm would want to take on the added risk.
     
    #8     Jun 21, 2001
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  9. JayS

    JayS

    I use Alaron, you have to get it set up with one of there brokers. Almost all futures brokers offer "day trading" or "intraday" margin (just find the one who fits your needs). I call my orders in since most of what I trade is in the pits, not sure if they allow it for online trading. I'd find it odd if you couldn't find one who allows it for online trading, Alaron might- I haven't a clue.

     
    #9     Jun 21, 2001
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  10. JayS

    JayS

    Thanks Def!
    ______________

    Cdntrader,

    I was looking back in my archieved email and found this from some questions I had for my broker about trading with them online.

    "Our computers flag accounts with not enough money to meet the day trading margin requirement. If the account has enough margin money there is a no delay in order routing to Globex2, however if the account does not have enough margin it must be approved by our margin desk."

    I thought you may have to call in orders to get day trading margin, looks like you might not (actually suprises me). I'd call to talk to there online trading support whichever firm your with or before you choose one (if thats what your interested in).



     
    #10     Jun 21, 2001
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