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Bringing this thread back. It seems not many people in the USA are trading the E-mini Nikkei 225 on the Osaka Exchange.
It looks to be the perfect instrument for people working 9-5 who need a highly liquid futures contract to trade after work. Anyone trading it? IB seems to be the only broker offering it. What are some other brokers who offer this product? Can you get data from CQG? What are the costs associated with Asian markets?
I've traded that instrument for a while, many years ago. It's totally not worth it, unless you live there, and are able to open an account with a local broker. IB's commissions would eat you alive. If I remember correctly, DTN IQ feed used to have the data feed for it too.
Thanks, Schaefer. Can I ask you which data provider you used, and how much it cost? I am looking to trade the N225M intraday.
I looked up the commissions on IB's site, and it seems it is only 80 Yen roundturn (roughly 65 cents). On their website, it says:
"Our Fixed pricing for futures in non-US markets charges a single flat rate per contract or percent of trade value, including all commissions, exchange, regulatory, clearing and carrying fees."
Were there any additional costs associated with trading this instrument other than data and the 80 Yen commission?