Mini Nikkei Futures?

[deddy]

Originally Posted by MidKnight Hi SoulTrader, I have been trading the Nikkei225 for a while now. Started with the singapore contract but now use the mini. I'm charting the Singapore contract (because I'm with DTN IQFeed who only offer Singapore for Asian markets) and trading the mini. Works great! Best regards, MK

Hi MidKnight..
what is your broker that your trading Nikkei for a while now.?
Could you give me the link ?, or more informations on that broker just like a what kind a trading platform, etc or maybe more others stock indeks available on there?
i'd like to open real acc to trade nikkei indeks, Mini Acc for a while, i'm looking for the broker

Thanks and Regard,

[darthtrader]

I'm interested in this too.
It looks like the mini nikkei moves in 500 yen tick sizes so thats about 5 bucks USD a point?
Soultrader did you ever get a market profile snapshot? I think if you got the data from IB you could use ninja trader and that MP addon reaver mentioned in his thread in the beginner forum to get the profile.
I guess tradestation is out though if you want to trade the mini?
Maybe IB, multicharts for all the easy language stuff, ninja with the MP addon...I don't know. That much stuff going might get hairy.

[mezameo]

I came across this broker in Japan for trading mini nikkei futures. Commissons are dirt cheap. Anyone care to shed light on this? I'm based in Vietnam so instead of trading the US sessions it would be wonderful to keep normal hours and shift my trading to the morning rather than the late late evening.

http://pr.gmo.jp/en/article/20070522...%3Foffset%3D60

[Soultrader]

Originally Posted by mezameo I came across this broker in Japan for trading mini nikkei futures. Commissons are dirt cheap. Anyone care to shed light on this? I'm based in Vietnam so instead of trading the US sessions it would be wonderful to keep normal hours and shift my trading to the morning rather than the late late evening. http://pr.gmo.jp/en/article/20070522...%3Foffset%3D60

Do you know anything about the Nikkei? It is a completely diffferent market if you are used to the US. Also those commision rates are pretty much standard right now, some brokers go as low as 80yen rt. (approx 75 cents)

With the rates shown in the link, you should save the trouble and just open an account with IB. They offer similar rates. Most Japanese firms will be distratrous when trying to communicate in english.

[mezameo]

Originally Posted by Soultrader Do you know anything about the Nikkei? It is a completely diffferent market if you are used to the US. Also those commision rates are pretty much standard right now, some brokers go as low as 80yen rt. (approx 75 cents) With the rates shown in the link, you should save the trouble and just open an account with IB. They offer similar rates. Most Japanese firms will be distratrous when trying to communicate in english.

I'm not sure if you are taking a shot by asking if I know anything about the Nikkei. I'll choose to take the side of diplomacy and say "yes," a thing or two about it =)

The main thing I was interested in knowing was the behavior of the mini futures contract and the rates (which you mentioned already).

"mezarrashi" meo

[mezameo]

Following up on the mini nikkei I tried to extract some info from the infinity futures help desk. They said a demo on the mini is not possible. I also asked about the average spread but they didnt seem to know. Anyone who trades this already care to shed some light? In the spreadbet feed I have been messing with, its about 15 points which I assume is actually just 3 ticks? 3x500 yen (per tick).

Can anyone confirm my guess?

[scalper]

what do u mean by spread? difference between bid and ask? or calendar spread?

most of the time, the spread as in diff btw bid and ask is 1 tick (5 points) in the mini and sgx full contract.

only after ose close, the market in sgx and cme is very thin. The spread during US session is normally 3-5 ticks, or even wider.

[mezameo]

Originally Posted by scalper what do u mean by spread? difference between bid and ask? or calendar spread? during T and T+1 session, the spread as in diff btw bid and ask is 1 tick (5 points) in the mini and sgx full contract. after T+1 session (ose) the market in sgx and cme is very thin. The spread during US session is normally 3-5 ticks, or even wider.

Yes, I was referring to the difference between the bid and the ask. So the OSE mini trades through the lunch break? I assume you mean T for the morning session and T+1 for the afternoon session?

This contract trades during the US session? This is great news as I was testing out some swing setups on my spread brokers charts and there were some huge gaps.

Thanks for the great info!

[scalper]

i want to clear some things up..

nk are traded in ose, sgx and cme. Not sure if cme offers the mini contracts. I can check it later.

The mini contracts are traded in ose and sgx. (but no liquidity in sgx)

for ose mini, trading hours are 900am - 1100am, 1230pm - 1510pm, 1630pm - 1900pm, ose time.

nkd (nk dominated in usd) opens at 1700pm ose time

then at 1900pm ose time, ose closes and markets in sgx and cme become very thin. This is when the spread becomes very high as i mentioned above.

at 2000pm ose time, nk in sgx closes and nk (dominated in yen) trades in cme (not sure if mini is offered by cme)

hope it helps.

[boony]

Hi guys, seems to be a bit of activity on this thread so am hoping for some help.

Ive posted a question regarding the Hang Seng Futures under the same section. This section could easily be translated to the Nikkei 225 Options and Futures contract.

I know the diffeerence between the two styles, however what Im interested in finding out is whether their prices will always mirror the underlying (the Nikkei 225 Index)? If they do not why is this, and will there also be a difference between the options price and the futures price ?

Cheers