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KOSPI 200 Mini Futures Contract
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Created: by mangolassi Attachments:0

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KOSPI 200 Mini Futures Contract

  #11 (permalink)
Trading for Fun
Boston, MA
 
Futures Experience: Intermediate
Platform: Sierra Chart
Broker/Data: Interactive Brokers, AMP/CQG
Favorite Futures: N225M (Osaka), ES
 
Posts: 165 since Dec 2014
Thanks: 60 given, 112 received

Just got off the phone with IB. They confirmed that US-based clients with US-based accounts can trade the K200M (Kospi 200 Mini Futures Contract).



Last edited by mangolassi; August 23rd, 2015 at 05:32 PM.
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  #12 (permalink)
Elite Member
Slovakia
 
Futures Experience: Intermediate
Platform: Ninjatrader
Favorite Futures: futures
 
Posts: 112 since Aug 2009
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mangolassi View Post
Just got off the phone with IB. They confirmed that US-based clients with US-based accounts can trade the K200M (Kospi 200 Mini Futures Contract).


I tried yesterday to put an order on my paper account an order and was rejected that this intrument can trade only some test accounts.I have permission to trade Korea.They testing execution on this instrument in the moment.

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  #13 (permalink)
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Chicago, Il
 
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mangolassi View Post
Hi everyone,

I am interested in getting some input from people trading the KOSPI 200 Mini futures contract. I have a day job and want a liquid futures contract to do some evening trading to practice

3) I just opened an account with interactive brokers to trade this instrument (haven't funded yet). The commissions are around $1.62 per round trip (if I calculated this correctly). That's almost the value of one tick. Is there any cheaper alternative, or is this pretty cheap compared to brokerages in Korea?

.

thats a good contract to practice on if rt is only $1.62 and a tick is about the same cuz you sure cant make much do its small contract size.

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  #14 (permalink)
Trading for Fun
Boston, MA
 
Futures Experience: Intermediate
Platform: Sierra Chart
Broker/Data: Interactive Brokers, AMP/CQG
Favorite Futures: N225M (Osaka), ES
 
Posts: 165 since Dec 2014
Thanks: 60 given, 112 received


Obelixtrader View Post
I tried yesterday to put an order on my paper account an order and was rejected that this intrument can trade only some test accounts.I have permission to trade Korea.They testing execution on this instrument in the moment.

You are correct. I just verified this with IB. They will call me back and see if I can trade this instrument.

Yesterday's trading volume was 30,350 contracts!

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  #15 (permalink)
Elite Member
Slovakia
 
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mangolassi View Post
You are correct. I just verified this with IB. They will call me back and see if I can trade this instrument.

Yesterday's trading volume was 30,350 contracts!

Did they tell you how long it will be in test phase?

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  #16 (permalink)
Trading for Fun
Boston, MA
 
Futures Experience: Intermediate
Platform: Sierra Chart
Broker/Data: Interactive Brokers, AMP/CQG
Favorite Futures: N225M (Osaka), ES
 
Posts: 165 since Dec 2014
Thanks: 60 given, 112 received


Obelixtrader View Post
Did they tell you how long it will be in test phase?

The guy I spoke to didn't know anythino about it. They also did not call me back... I will call them again.

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  #17 (permalink)
Trading for Fun
Boston, MA
 
Futures Experience: Intermediate
Platform: Sierra Chart
Broker/Data: Interactive Brokers, AMP/CQG
Favorite Futures: N225M (Osaka), ES
 
Posts: 165 since Dec 2014
Thanks: 60 given, 112 received

IB basically told me they have forwarded my question to another department and don't know when the question will be answered, or if at all. They rudely told me on the phone that they have "more pressing matters to deal with"...
@Big Mike are there any IB reps on this site that we can ask questions to? That would be quite helpful.

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  #18 (permalink)
Elite Member
Slovakia
 
Futures Experience: Intermediate
Platform: Ninjatrader
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mangolassi View Post
IB basically told me they have forwarded my question to another department and don't know when the question will be answered, or if at all. They rudely told me on the phone that they have "more pressing matters to deal with"...
@Big Mike are there any IB reps on this site that we can ask questions to? That would be quite helpful.

On this site? No

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  #19 (permalink)
Elite Member
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to mangolassi i have send message to person who work in IB. When i receive answer I'll let you know.

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  #20 (permalink)
Trading for Fun
Rybnik Polska
 
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Interactive Brokers take much higher commission then local brokers.For example commission comparison - IB vs Hyundai Futures:

Hyundai takes 0.015 % for stock futures,IB takes 0.04 %

KTB futures Hyundai 2900 IB 4600 KRW

Kospi 200 Hyundai 0.00145 % while IB takes ... three times more 0.004%

KRX is only ,,weak'' point of IB - on all futures they take x3 times more then others.Trading via local brokers like NH Futures/Hyundai Futures/Samsung Futures will save you 70 % of your money.And if you also sell naked options... you will save 90 % of margin

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