Trading the KOSPI 200 Index Futures

[lionelhhn 10]

Guys u can try phillipsfutures based in HK and singapore .

I use to use them for asian session futures indices. i also use to proptrade their house money plus my own.

As for comms I can check for you and get them down to almost what "locals " pay. "Locals" ie: exchange locals.

 

Let me know and I'll check for you.

 

They are on patssystem.

But when I traded with/for them we had the pits .

 

Just doing a favor ...... as a form of contribution to this site.

[Marsupilami 10]

I use metatrader to look at charts. I mainly look at kospi and hangseng. Just wanted to mention that. I don't know how effective that is having in mind I am paper trading... anyways I am here to learn, I like the big volume, it looks more interesting than other markets, thanks!

 

Hello 156,

 

how did you manage to get Kospi data through Metatrader ? Which broker do you use for Metatrader ? Thanks in advance !

 

Mars

[156 10]

I am using a Malaysian broker to get that data - that was the only one I could find, I only use it for charting, am I allowed to name the broker or you want me to send you a pm ?

Thank you!

[MidKnight 12]

esignal will have data for the Kospi if you want it.

 

My best,

MK

[156 10]

Did anyone find a good broker with decent comissions for trading kospi?

[Kiwi 16]

Interactive Brokers

[156 10]

Interactive Brokers

 

Yes, they seem to be the logical choice, another question - does any one know a good news feed I can use for reading some Korean news?

 

Thanks!

[Soultrader 12]

For those interested in trading the KOSPI through a local Korean broker you may be interested in NHFutures: http://nhfutures.com/engIndex.action

 

I met with these guys today and seemed extremely nice. They are a FCM of the KRX so execution is the fastest when trading the KOSPI. They also cater towards the retail trader and have their own internal execution platform available.

 

They also have a number of english speaking employees as well.

[156 10]

I am not sure if the Quoted margins are correct in the first post... I am currently communicating with a IB representative and she's quoting different numbers ... could someone double check that ...

[Soultrader 12]

I am not sure if the Quoted margins are correct in the first post... I am currently communicating with a IB representative and she's quoting different numbers ... could someone double check that ...

 

Those are margins provided by the exchange... I am assuming your broker will probably quote you a higher margin?

[AgeKay 10]

Hey Soultrader,

 

first of all thanks for the intro. Sounds like a great market for scalpers that use limit orders if the tick value is so large and bid/ask depth is low (depends on the commission of course). I have a few questions:

 

1) What is the commission with the local Korean broker 'NHFutures' that you mentioned?

2) Are the KOSPI 200 Index Futures and the U.S. stock index markets correlated?

3) How do you know it's largely retail driven? Because of low sized trades?

[gooni 10]

Shame that eSignal doesn't provide data for this market, and IB doesn't really provide history. Any ideas on what I can backfill my charts with in order to see if my analysis works on this market?

[Kiwi 16]

ib provides history.

 

You need to use something like Sierra Chart that can download data for this and prior contracts from IB.

[gooni 10]

For those interested in trading the KOSPI through a local Korean broker you may be interested in NHFutures: http://nhfutures.com/engIndex.action

 

I met with these guys today and seemed extremely nice. They are a FCM of the KRX so execution is the fastest when trading the KOSPI. They also cater towards the retail trader and have their own internal execution platform available.

 

They also have a number of english speaking employees as well.

These gents don't yet offer retail execution for overseas traders, based on my correspondance with them. Will let TL know when they do.

[gooni 10]

Some light reading, showing how heavily speculative and retail driven the Kospi is:

 

http://207.36.165.114/NewOrleans/Papers/4201904.pdf

 

I've started looking at this futures this morning, and being so retail driven it seems to trade very 'technically'. The shaded regions are support (bottom) and resistance (top) zones from the last few days volume profiles. 50% retracements also important.

[MidKnight 12]

Thanks for the PDF. I don't understand most of it, but the parts I did were pretty interesting!

 

All my best,

MK

 

PS, good to see you have it setup for charting - looks good too!

[gooni 10]

As it turns out..

 

(Orderbook in this market is very interesting)

[gooni 10]

Last one - if we can break through 190.75 we should jump down again to the support zone, and quickly (see todays volume profile to the left).

[MidKnight 12]

Pretty clear when lunch time was over

 

Thanks for the charts!

[smwinc 20]

Goon - I haven't traded KOSPI before, what's the order book depth like?

 

Would someone be able to post a screenshot of the order book if it's not too much trouble.

 

Cheers

[Soultrader 12]

Goon - I haven't traded KOSPI before, what's the order book depth like?

 

Would someone be able to post a screenshot of the order book if it's not too much trouble.

 

Cheers

 

Its not as big as the ES but you are going to see 150-300 contracts at each level. Ill post a live one on Monday... markets closed now and bid/ask is not showing anything on my DOM.

[smwinc 20]

Its not as big as the ES but you are going to see 150-300 contracts at each level. Ill post a live one on Monday... markets closed now and bid/ask is not showing anything on my DOM.

 

Nice! I didn't realise it was that thick. Good hefty tick size as well.

 

Thanks

[gooni 10]

I was watching it all day today, and the depth of all five levels was between 300 and 1200 on each side. 300 was very thin, most of the time they sat at over 500 (100 each level, each side).

 

Very thick, big movements, and each tick is approx 23 USD.

[AgeKay 10]

 

I've started looking at this futures this morning, and being so retail driven it seems to trade very 'technically'. The shaded regions are support (bottom) and resistance (top) zones from the last few days volume profiles. 50% retracements also important.

 

What exactly are those shaded regions? Value Area Low/High? POCs?

[gooni 10]

I use volume profiles on different time ranges. The shaded areas are the transitions between high volume and low volume regions, or what is otherwise known as the 'value area' highs and lows. I believe I created these from the weekly volume profile combined with the dailies.