Does anybody trade cny based futures?
If yes, who is the broker?
Thank you
Futures CNY based
Hi Marriott
Yes, liquidity is very very high, BUT check how much a big point is worth after dollar conversion. Compare dollar converted ATR to you round turn cost. Unless you have a broker who executes in CNY markets directly, costs / daily opportunity seem way out of line.
If you do know such a broker (don't care if US or not) kindly let me know.
Thank you,
L
Yes, liquidity is very very high, BUT check how much a big point is worth after dollar conversion. Compare dollar converted ATR to you round turn cost. Unless you have a broker who executes in CNY markets directly, costs / daily opportunity seem way out of line.
If you do know such a broker (don't care if US or not) kindly let me know.
Thank you,
L
Newedge
According to this, Newedge is or will soon be providing access to Chinese exchanges.
http://www.ft.com/intl/cms/s/0/796f3ce8 ... z1Q8Phr5Rd
http://www.ft.com/intl/cms/s/0/796f3ce8 ... z1Q8Phr5Rd
Newedge turned us down as new fund last year with >10 Mill AUM - so i VM doubt you can trade as a private customer with them - they DONT like TF's because of low volumes so they look only at their own abilityu to raise you money as a way of making money out of you as a potential client as they wont make much on commissions etc - having met their capital intr team and knowing what the World of cap intro is like at places lke Newedge I would recommend chewing off your own arm at the same time as tightening your nuts in a vice for a much more pleasurable experience