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Hang Seng Futures (HSI) Brokers


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  #1 (permalink)
 samsupertrader 
Australia
 
Experience: Advanced
Platform: Sierra Chart
Broker: CTS/AMP
Trading: NQ, CL, HSI
Posts: 37 since Oct 2014
Thanks Given: 6
Thanks Received: 31

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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  #3 (permalink)
Tommip
Rybnik Polska
 
Posts: 114 since Aug 2015
Thanks Given: 18
Thanks Received: 51


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)
 samsupertrader 
Australia
 
Experience: Advanced
Platform: Sierra Chart
Broker: CTS/AMP
Trading: NQ, CL, HSI
Posts: 37 since Oct 2014
Thanks Given: 6
Thanks Received: 31

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)
Tommip
Rybnik Polska
 
Posts: 114 since Aug 2015
Thanks Given: 18
Thanks Received: 51


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)
 
josh's Avatar
 josh 
Georgia, US
Legendary Market Wizard
 
Experience: None
Platform: SC
Broker: Denali+Teton
Trading: ES, NQ, YM
Posts: 6,330 since Jan 2011
Thanks Given: 6,954
Thanks Received: 18,623

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)
 
josh's Avatar
 josh 
Georgia, US
Legendary Market Wizard
 
Experience: None
Platform: SC
Broker: Denali+Teton
Trading: ES, NQ, YM
Posts: 6,330 since Jan 2011
Thanks Given: 6,954
Thanks Received: 18,623

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)
 steve2222 
Auckland, New Zealand
 
Experience: Beginner
Platform: Sierra Chart
Broker: AMP/CQG
Trading: Whatever moves in my timezone
Posts: 1,319 since Sep 2009
Thanks Given: 3,379
Thanks Received: 1,540


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
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