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Brokers to trade bunds for us-residents, other than IB?
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Brokers to trade bunds for us-residents, other than IB?

  #11 (permalink)
Elite Member
Louisville, Kentucky
 
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You have to pay for data


taxidermy View Post
as I see on AMP site, they have FGBL bunds. My plan is to trade from TradingView integrated with AMP through CQG.
But when I open FGBL in TradingView, it says, that only 1D, 1W and 1Month chart are available due to Eurex restrictions.

I am a bit confused now. Does it mean that I will get only one update a day about the price? Or I will get the normal 'real live' streaming of the price, but I will still not be able to trade from TradingView? Or I will be able, but I will have to do it kind of 'blindly'?
Can you please shed a bit of light on this question?

Take this for what it's worth, but my guess is you need to pay for data. I know that through AMP Eurex data is 20 euros a month. I used to pay for that data when I traded Eurex. What I can't help with is how that works with TradingView. I've never used it.

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  #12 (permalink)
Trading Apprentice
Knoxville, TN
 
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While we're on topic, can anyone answer how your broker handles funds when trading an international currency, specifically how AMP does it?

I tried asking them and they didn't give a great explanation, but they said that if I'm trading the bund, gains and losses will be in EUR and that I can convert it back to USD every month or per request. To me that means my USD account balance does not need to be converted to EUR directly, but I will carry a negative or positive EUR balance, which will then be converted and added or taken away from my USD balance. Did I get this right?

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  #13 (permalink)
 Vendor: www.optimusfutures.com 
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While we're on topic, can anyone answer how your broker handles funds when trading an international currency, specifically how AMP does it?

I tried asking them and they didn't give a great explanation, but they said that if I'm trading the bund, gains and losses will be in EUR and that I can convert it back to USD every month or per request. To me that means my USD account balance does not need to be converted to EUR directly, but I will carry a negative or positive EUR balance, which will then be converted and added or taken away from my USD balance. Did I get this right?

Every FCM does things differently, but the essence is like this:
If you have a USD account, and you trade the Bund that is denominated in Euros, you will have gains and losses in Euro.
Assume you have a positive Euro balance, then it is left alone, and used against futures P&L and additional margin.
In the event of the loss, your balance could be carried forward for a certain period as long as it does not affect any USD denominated Futures. If the losses are big enough, in my experience, the FCM could convert it as soon as possible. They too do not want to to be exposed to currency risk.

Thank you,
Matt Z
Optimus Futures

There is a substantial risk of loss in futures trading. Past performance is not indicative of future results.

PM with any questions about optimusfutures (800) 771-6748 (561) 367 8686. THERE IS A SUBSTANTIAL RISK OF LOSS IN FUTURES TRADING.
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