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brownsfan019

Futures traders - consider Dax and Stoxx to your lineup!

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I've recently begun discussions with Open ECry about moving my biz there. In this process I now have an incredible amount of data and markets available to look at as OEC provides data and charting to clients. And the amount of markets and data is impressive!

 

The reason for this thread however is to bring your attention to the DAX and STOXX futures contracts. Why? Simple - VERY LOW COMMISSIONS. It seems counter-intuitive to me that as a US based trader, I can get much better rates by trading in the Eurex. And we are not talking about pennies. For example, the difference between the ES and Stoxx is $1.34 round trip, per contract for the personal quote I received. Yours may vary, but it's worth looking at for sure!

 

My personal opinion of each and their US counterpart (in terms of price action) is:

DAX = ER2

STOXX = ES, NQ

 

Now, keep in mind these are NOT mini's and the actual tick value changes based on currency exchange rates depending on where you live.

 

During US based trading hours, these move in very close tandem to the US indexes. Depending on your trading methodology, it may or may not transfer over to the Dax or Stoxx so take a close look before trading real money. Liquidity is also great, esp on the Stoxx.

 

But for a savings of $1.34 round trip, it's got my attention!!! :thumbs up:

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Guest cooter

Here's a link to a post with a DAX/Stoxx tutorial put on by John Carter of Trade the Markets.

 

Should provide additional insight into these contracts.

 

http://www.traderslaboratory.com/forums/f3/any-dax-and-or-stoxx-traders-1615.html#post9806

 

And here's a .pdf of the presentation:

 

http://www.traderslaboratory.com/forums/attachments/3/1296d1176970662-any-dax-and-or-stoxx-traders-eurex04182007.pdf

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Thats pretty cheap. You must make a lot of trades with a good amount of capital?

 

Current rates at OEC, for comparison:

 

Online Futures Trading - Open E Cry â„¢ Rates

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Cooter, these are awsome rates. More than 20% less than IB at current exchange rates (and getting cheaper by the day :))

 

Do you know who clears e-cry on eurex? Couldn't see them listed as members.

 

Also, what is their trading platform like? I currently use BracketTrader and NinjaTrader.

 

Thanks!

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Cooter, these are awsome rates. More than 20% less than IB at current exchange rates (and getting cheaper by the day :))

 

Do you know who clears e-cry on eurex? Couldn't see them listed as members.

 

Also, what is their trading platform like? I currently use BracketTrader and NinjaTrader.

 

Thanks!

 

momentom - I like OEC's software, but get a demo for yourself here - https://www.openecry.com/software/download1.cfm

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