Chicago, Il
Experience: Master
Platform: NT, CQG, Bloomberg
Trading: US
Posts: 64 since Apr 2014
Thanks Given: 11
Thanks Received: 39
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Nikkei is probably the best SGX contract to trade. The tick size for the A50 is very small, $2.50, which was cut in half earlier this year. It used to be $5.00 a tick. Nikkei trades in 5 index points a tick, so like 17430 bid, 17435 offer. the spread is 2500 Yen, which is around $23 a tick.
You can't go by monthly volume per se because the A50 trades serial months, ie monthly expirations, so you have a roll period every month where the positions have to be rolled and that will skew a monthly volume number, as HF will roll thousands of contracts a month even though intraday they are not trading it daily.
Nikkei daily volume is solid, a few hundred on the bid and offer at every price level. Its a thick market. Even into the first few hours into the after market (T+1 session), the volume is decent.
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