Mini Topix

[MidKnight 12]

Hello,

 

Just a FYI for anyone interested. I have been in PMs with on another forum about IB offering the newly available mini Topix at the Tokyo Stock Exchange. His reply today was that it will be being offered any day, possibly as soon as tomorrow (which is today). Asian traders might want to keep an eye on this contract over the coming months.

 

With regards,

MK

[MidKnight 12]

Although it isn't listed on any of IBs pages right now. Apparently this product is available for trading under the symbol MNTPX. I've asked the rep what the comms and margin are and will update once he gets back to me.

[MidKnight 12]

The product is now trade able through IB, but there seems to be some commission issues. It seems to be on the wrong commission schedule. I'm in contact with an IB rep who is working to resolve and will update once it is done.

[lordbinder 11]

I Have the ticker on my station but only as a curiosity. I thought that i could trade it on the night session but you cant. Is there some index futures with more liquidity on night sessions? aside of ES i mean

[MidKnight 12]

How do you define night? To me this is the day session.

[gooni 10]

What's the depth and volume of the TOPIX like? I don't have it subscribed on my IB Feed, otherwise I'd check myself.

[MidKnight 12]

Hi gooni,

 

The mini topix was only made available since June 16th this year, so its a new product. The tick increment is 1/2 the full size topix. The spread is usually 0.50 (2 ticks mini ticks), sometimes 0.25. The book reads 400-700 totaled either side 5 levels deep at this time. Because topix seems to have better ranges than the nikkei, I think this mini product will be similarly well received that the mini nikkei was. It will just take a little time.

 

The full size topix on the other hand has a spread virtually always 0.50 (1 full size tick). The book total 5 levels deep either side is is the 500-800 area usually.

[lordbinder 11]

you got me there midnight, now here is 2,32 in the morning, so this is night session to me

[MidKnight 12]

I Have the ticker on my station but only as a curiosity. I thought that i could trade it on the night session but you cant. Is there some index futures with more liquidity on night sessions? aside of ES i mean

 

lordbinder,

 

I guess your question is in specific reference to Asian markets with liquidity? If so, there is good liquidity on both the full size and mini Nikkei 225 in Osaka. The full size Topix in Tokyo also is quite active. The Kospi 200 in Korea has great volume and activity. If you are frenetically inclined, you may enjoy the Hang Seng in Hong Kong.

 

I hope that helps some.

 

With kind regards,

MK

[Kiwi 16]

Don't forget STW (taiwan msci on sgx futures exchange) and SPI (aussie futures).

[lordbinder 11]

I was looking for some tickers if at some point i cant sleep, not neccesarely to trade them but to look at seomthing moving when i cant sleep

[MidKnight 12]

lordbinder,

 

Tickers will vary from one data vendor to another. I'm sure you could look up the markets listed above for the data vendor you use.

[lordbinder 11]

I was interested on Interactive brokers tickers, globex if possible

[scalper 10]

MidKnight,

 

what's the volume in mini and big topix contracts like?

 

thanks

[MidKnight 12]

Just a quick update here. IB have the product all ready to go. I recommend the bundled the comms for all ¥ products for now. The comms are 300 RT. I have word direct from a reputable IB source that the unbundled comms for all ¥ products will be getting a revamp within 1-2 months. Expect even better comms then.

 

My best regards,

MK