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Hang Seng Futures (HSI) Brokers
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Hang Seng Futures (HSI) Brokers

  #1 (permalink)
Australia
 
Trading Experience: Advanced
Platform: Sierra Chart
Broker/Data: CTS/AMP
Favorite Futures: NQ, CL, HSI
 
Posts: 37 since Oct 2014
Thanks: 6 given, 30 received

Hang Seng Futures (HSI) Brokers

Hi All,

I currently am using the following setup for trading HSI. NT for front end, esignal for data, IB for broker.

Whilst I have no issues with IB as a broker I find the Esignal data expensive, and not the greatest. Maybe 3-4 times I week I will get a dropout lasting from seconds to minutes, and if I ever reload the data during the day there are numerous bad ticks which are often 100 points of candle tail. I don't often have to reload however when you do it essentially screws up the auto adjust function. Esignal also does not offer level 2 data which is not a major for me but it would be a nice to have.

Now I can't use CQG/Continuum feed in NT at another broker as my licence is not grandfathered. Esignal is the only alternative unfiltered tick data provider for HSI.

So that leaves me having to look at potentially another broker and platform/data provider.

Does anyone know of a HSI broker that provides an all in commission that matches or is close to IB which on the tiered offering starts around HK$38.02 all in RT and downwards?!? I spoke to Phillip Futures and they said it would be HK$90 all in RT which is absolutely ridiculous. I know it comes down to volume but I am not a one lot trader at present whilst I am transitioning from the FDAX...

I guess these brokers would offer CQG or TT?!?

Any ideas or suggestions/experiences I would greatly appreciate.

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  #2 (permalink)
Quick Summary
Quick Summary Post

HSI Broker which is close to IB's all in commissions and has unfiltered tick data for platform.

 
  #3 (permalink)
Rybnik Polska
 
 
Posts: 114 since Aug 2015
Thanks: 18 given, 51 received


You check that Wisdom Trading and dont like it ?

It is almost immpossible to find brokers with that what you are looking for and who can be comparable with IB at any point.Some brokers like KGI futures got CQG and HSI but their commission is much bigger.Even local brokers somethimes take 60 HKD ... per side. So ... good luck

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  #4 (permalink)
Australia
 
Trading Experience: Advanced
Platform: Sierra Chart
Broker/Data: CTS/AMP
Favorite Futures: NQ, CL, HSI
 
Posts: 37 since Oct 2014
Thanks: 6 given, 30 received

Thanks @Tommip

I contacted Wisdom twice since your last message and no reply. They would not disclose their rates.

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  #5 (permalink)
Rybnik Polska
 
 
Posts: 114 since Aug 2015
Thanks: 18 given, 51 received


samsupertrader View Post
Thanks @Tommip

I contacted Wisdom twice since your last message and no reply. They would not disclose their rates.

When I ask them by email they also not answer me.Then my friend who makes much larger volume contact them and they send him a price scheme.I got It too so if you want I can send you their commission plan for all futures.
If you want it pm me - and if you want to got more info then you need to call them.Sadly in these days its only method - like in 80' :-D.Getting info via email somethimes is harder then landing on the moon ...

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  #6 (permalink)
Legendary Market Wizard
Georgia, US
 
Trading Experience: None
Platform: Various
Favorite Futures: Various
 
josh's Avatar
 
Posts: 5,015 since Jan 2011
Thanks: 5,326 given, 11,968 received

Very old thread, but AMP via CQG provides HSI and mini HSI: https://portal.ampclearing.com/account/commissionquote.aspx

HSI: 60HKD R/T ($7.67) for a $6.39 tick value
Mini HSI: 34HKD R/T ($4.34) for a $1.28 tick value

Translation: better aim for quite a few points, much as if you were trading YM.

Another option is the Mini Nikkei contract, which is more liquid, and has a better commission:tick value ratio (80 Yen : 500 Yen), superior to most quotes you will get on ES, etc.

HSI is kind of like YM, MJNK is kind of like ES.

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  #7 (permalink)
Legendary Market Wizard
Georgia, US
 
Trading Experience: None
Platform: Various
Favorite Futures: Various
 
josh's Avatar
 
Posts: 5,015 since Jan 2011
Thanks: 5,326 given, 11,968 received

Correction on the above, after trading the HSI this evening -- Nikkeis are like ES ... HSI is not like the DJIA, it's more like the dax ... on steroids (if you can imagine that). HSI is probably a bit more volatile than usual due to protests and the like, but still, 100 point swing up in a matter of 1 minute is pretty wild.

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  #8 (permalink)
Auckland, New Zealand
 
Trading Experience: Beginner
Platform: Sierra Chart
Broker/Data: AMP/CQG
Favorite Futures: Whatever moves in my timezone
 
Posts: 1,833 since Sep 2009
Thanks: 3,205 given, 1,449 received


josh View Post
Very old thread, but AMP via CQG provides HSI and mini HSI: https://portal.ampclearing.com/account/commissionquote.aspx

HSI: 60HKD R/T ($7.67) for a $6.39 tick value
Mini HSI: 34HKD R/T ($4.34) for a $1.28 tick value

Translation: better aim for quite a few points, much as if you were trading YM.

Another option is the Mini Nikkei contract, which is more liquid, and has a better commission:tick value ratio (80 Yen : 500 Yen), superior to most quotes you will get on ES, etc.

HSI is kind of like YM, MJNK is kind of like ES.

Co-incidentally I had reached out to AMP to query the apparent high r/t cots of the Mini HSI.
AMP have confirmed the Cost Calculator is wrong and is being fixed. For me on the flat rate commission structure (accounts > $10k) it is HK$3.60 ie approx US$0.62 - I assume that is per side, but have asked AMP to confirm. Edit: CONFIRMED this is per side.

Prediction is very difficult, especially about the future - Niels Bohr, Danish Physicist

Last edited by steve2222; November 13th, 2019 at 03:43 PM. Reason: update commission answer
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