Do you guys know how many ticks is a scalp in this kospi mini?
and when do you think the spread will consistently be .02 or one tick?
I've seen the spread jump to .08 a bunch of times .04 and .06 is frequent as well.
I can't find the actual web page that shows me the daily volume for this product.
Can anyone point me in the right direction other than the kse front page
I think I wanna trade this one cause the spread is low at .02 and
I live in PST time so I really don't like to get up early and trade the north american markets.
I think the product will be tradeable as a day trader when the volume goes up
Average real spread is two tick's.Daily volume you can see on KRX site Price Summary | KRX KOREA EXCHANGE ( click two times on volume ).I dont see any other site with it - especially becouse IB dont let you see real closing price (from 8.15pm not 8.05 )and in many case their last price is uncorrect.
I can say that this product is not good for daytrading - ,,full'' futures are still better.And with Kospi Mini options it is even worst - spread is 4 times bigger and - what its funny - closing price's in many times are different then normal ,,big'' one's.
Both instruments still need's progress - but its just two months after debut so its a very good start anyway.
If you are looking for a daytrading use a full Kospi Option and trade it like a futures.Its better then Kospi mini futures.
Good question. This is something I've been trying to figure out for myself. It seems 5 ticks would be a reasonable scalp. You can try backtesting your scalping setups on this instrument and see how often your high-probability setups make 5 ticks or more. Maybe also try seeing how far a scalp usually will go before reversing.
Volume for the mini has gone up since its debut in July of this year. I think it will attract more traders every week. Hopefully this will mean a decreased spread in the near future.
The Commodity Futures Trading Commission (CFTC) has issued an order to Korea Exchange (KRX) permitting certain KRX members to deal KRX derivatives products such as KOSPI 200 futures directly with US customers without registering as futures commission merchants (FCMs). Now eligible member firms are able to solicit and accept orders directly from US qualified investors without the additional layer of US FCM.
KRX submitted a petition to exempt KRX member firms from FCM registration in January 2009 according to CFTC Regulation 30.10, and Financial Services Commission sent a representation letter on information sharing to the CFTC. 7 years after the submission, the CFTC finally issued the order.
Thanks to this order, US investors are expected to increase the trading in KRX futures markets as Korean member firms are able to solicit and provide information and infrastructure to US investors.
KRX will soon start administrative procedures for qualified member firms. Also, KRX plans to seek to allow its index options product become legally accessible to US investors through relief by the Securities Exchange Commission.
“This strategic cooperation between KRX and Eurex is very beneficial for both Eurex and KRX customers. With the introduction of Mini Kospi 200 Futures, investors will be able to trade and hedge another Korean product for 24 hours a day.”