IB says to start on november 2nd (as mentioned in the sent mail).
It does not really matter what volume of the Mini is traded - as the pricing will be exactly the one of the
original Dax future divided by five. And with the same data stream.
Of course the pricing&commission of the Mini is higher (at IB) compared to the normal future.
Looks good that from november quite a lot of traders will trade the Mini to be able to buy in and scale
the lots easier...
Will be interesting what the Mini Volumes versus the normal one will show.
Let some 30 days pass - and then decide to eventually correct the rule sets with volume (down)..
The following user says Thank You to GFIs1 for this post:
As I understood IB behaviour today - they "will" quote like the normal future. Why should they not?
They are free to do so - as they seem to not manipulate the stream...
Really not arguing here - just have a look how on Monday coming things will develop.
Regarding the relationship between commission and risk:
the market will decide .. I believe it will be a success.
Regarding the quote:
I believe that when fully rolled out that broker feeds will only quote full points. Currently some brokers may be approximating this but the contract specs say that the minimum tick is 1 point. It seems clear enough in the brief look at the documentation that I have seen.
I would not be prepared to draw blood with anyone on this, least of all with @GFIs1 ... I would be happy to bet some of @ratfink 's beer-sticks or @xelaar 's cat ...
I welcome the new contract.
The following 2 users say Thank You to podski for this post:
Not too bad for 5 ticks, for sure. 2 points is quite often seen on FDAX too. The problem here it's either 1 or 2, in FDAX it can be 0.5, 1.0, 1.5 ... and in CFD's 0.7 1.1 1.6 etc
With regards to allow plays with lower risk, one could always trade FESX, cheap and cheerful, but get fill on limit there is a pure nightmare, a market for hardcore fishermen with patience made of steel.
Trade to live. Not live to trade.
The following 4 users say Thank You to xelaar for this post:
Spread is still mostly 2 point, but volume continues to rise, today over 6.200 contracts.
The big FDAX contract had 10 times the volume today. But it has been trading for ages and the FDXM not even for a week, so room for improvement
I read that IB is now offering FDXM too. I am with Ninjatraderbrokerage, I can now load the chart data of todays trading.
The following 2 users say Thank You to Tuschi for this post: