KOSPI 200 Mini Futures Contract

[mangolassi 11]

Hi everyone,

 

I am interested in getting some input from people trading the KOSPI 200 Mini futures contract. I have a day job and want a liquid futures contract to do some evening trading to practice for the day I move to the ES, and from what I have read KOSPI 200 Mini is unparalleled among Asian instruments in the trading opportunities it offers. But I have some questions:

 

1) I see that the KOSPI 200 futures contract has incredible liquidity. The KOSPI 200 mini, on the other hand, has less intraday liquidity, though it is still considerably liquid from what I can see. What kind of slippage is expected on stop orders that are beyond 10 contracts in size?

 

2) Is the typical spread on the mini contract always 1 tick, similar to the ES?

 

3) I just opened an account with interactive brokers to trade this instrument (haven't funded yet). The commissions are around $1.62 per round trip (if I calculated this correctly). That's almost the value of one tick. Is there any cheaper alternative, or is this pretty cheap compared to brokerages in Korea?

 

4) For those using IB to trade the KOSPI - the data is free, but is the quality of the data decent enough for intraday trading? Is there any substantial delay between the Korean market value and the value that is displayed by IB?

 

 

Thanks in advance for any replies.

Edited August 17, 2015 by mangolassi