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Old 05-13-2008, 01:07 PM   #1

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Any UK Futures or Instrument That Reflects the UK Economy?

Sorry for the NOOB question, but, in the US we have the mini dow, NQ, ES, ER, etc. that are very correlated to the US economy and reflect the major market idexes.

Does the UK (United Kingdom) have any futures contracts or something similar? I am familiar with the Br. Pound contract through CME but I was hoping to find something else.

Thanks!
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Old 05-13-2008, 02:51 PM   #2

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Re: Any UK Futures or Instrument That Reflects the UK Economy?

Quote:
Originally Posted by FrankTheTank »
Sorry for the NOOB question, but, in the US we have the mini dow, NQ, ES, ER, etc. that are very correlated to the US economy and reflect the major market idexes.

Does the UK (United Kingdom) have any futures contracts or something similar? I am familiar with the Br. Pound contract through CME but I was hoping to find something else.

Thanks!
Yes, you can trade the FTSE 100 futures for instance, but you do need the EuroNext exchange data, symbol is usually Z.


Hope this helps

Blu-Ray
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Old 05-13-2008, 03:27 PM   #3

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Re: Any UK Futures or Instrument That Reflects the UK Economy?

Thank you. Do you know if tradestation offers this? How liquid is the contract?
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Old 05-13-2008, 03:40 PM   #4
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Re: Any UK Futures or Instrument That Reflects the UK Economy?

Sure, use the FTSE 100 for the UK.

Or CAC40 for France.

Or DAX for German equities. Bund, Bobl or Schatz for German treasuries.

Or DJ EuroStoxx 50 for the EU.

Your broker should have the appropriate symbols for you to use in charting and trading available at their website.

All of the above are very liquid as well.

-fs
 
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Old 05-13-2008, 05:13 PM   #5

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Re: Any UK Futures or Instrument That Reflects the UK Economy?

I have been trading the FTSE recently - its pretty thin at times guess it depends what you are used too. Trades like other thin(ish) index futures.

I noticed some sort of property based index here (UK) I meant to check it out anyone know anything about that? Maybe I dreamt it.
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Old 05-13-2008, 06:20 PM   #6
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Re: Any UK Futures or Instrument That Reflects the UK Economy?

Here's a look at the recent volume for some of the European futures (indices and treasuries) in the past 24 hours.



This should give you a more accurate idea of liquidity.

-fs
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Old 05-14-2008, 12:19 PM   #7

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Re: Any UK Futures or Instrument That Reflects the UK Economy?

I trade the FTSE but its no longer very correlated to the UK. Many, many foreign stocks make up the FTSE 100
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Old 05-14-2008, 12:50 PM   #8

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Re: Any UK Futures or Instrument That Reflects the UK Economy?

If you really want to trade the economic fundamentals of the u.k. this is a better instrument than the ftse 100
FTSE 250 INDEX FUTURE

Mnemo Y MEP Euronext.liffe London
Unit £
FTSE 250 Index Futures
Unit of trading Contract valued at £10 per index point (eg value £65,000 at 6500.0)
Delivery months March, June, September, December (nearest two available for trading)
Quotation Index points (e.g. 6500.0)
Minimum price movement (tick size and value) 0.5 (£5.00)
Trading hours 08:00 - 17:30
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