UK gilt futures on IB

Discussion in 'Financial Futures' started by just21, Jul 24, 2003.

  1. just21

    just21

    If you would like to trade uk gilt futures on interactive brokers please email ibmgmt@interactivebrokers.com and ask them when they will be available. There is an interesting convergence trade with euro bonds if the UK goes into the euro currency and interest rates move down from 3.5% to 2%. This spread will have to be traded as a ratio to take into account contract size differences.
     
  2. I've made several requests over the last 12 months for the gilts as I want to trade that spread too. Can't understand why they offer the STIRs on LIFFE and not the gilt.

    If you see this Def please pass our request along!
     
  3. just21

    just21

    The long gilt futures will be available to you on your TWS tomorrow
    (Friday) under the symbol R on LIFFE.

    Note that both these and the Euro bond futures are physical delivery
    contracts. Please review IB's policies on physical delivery futures by
    visiting the IB web site and searching for "physical delivery". Then
    select the "Futures Closeout" item.

    Thank you for your business,

    Thomas A. J. Frank, Ph.D.
    Executive Vice President
    Chief Information Officer
    Interactive Brokers LLC


    I suppose I better trade them then! Keep emailing ib management!
     
  4. just21

    just21

    What ratio do you trade the gilt/euro bond spread to take into account contract size differences?
     
  5. That's great news. I haven't traded this spread before, but the correct ratio looks like 3 bunds : 2 gilts. Good luck with it.