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Genting Sing
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GenSp starts to move up again
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BullishTempo
Supreme |
25-Oct-2010 17:08
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My bad, it is a buy-up! Ok really got to run. Ciaos.
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eastcivic
Elite |
25-Oct-2010 17:08
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i got this from saxo website.... Holders of long CFD positions will, when dividends are paid on the underlying share, qualify for a proportional payout. Holders of short CFD positions will have to pay an amount equal to the full (gross) dividend paid on the underlying share. is this the same with IG Market and MF Global?
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icetomato
Elite |
25-Oct-2010 17:07
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Shucks... queued but did not get. 2.24. | ||||
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BullishTempo
Supreme |
25-Oct-2010 17:07
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286,000 sell-down to 2.74. Small volume. Ok got to run to raffles place. Have a nice evening with family !! |
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BullishTempo
Supreme |
25-Oct-2010 16:56
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I just called up Saxo. They say financing interest rate is sibor + 3% and commission is 0.22%. But I asked them whether do they give any discounts for volume traders, and they say they do! Institutional rates : sibor + 1%, commission : 0.15% WOOHOO !!!!
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artng25
Senior |
25-Oct-2010 16:53
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If blaze87 is 23, then pharoah88 is 22 !!!
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eastcivic
Elite |
25-Oct-2010 16:45
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hmmm ok..... IG Market sounds cheaper since the finance interest rate is only 2.5% i shall find out more about MF Global and IG Market..... thanks!
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CBClow
Senior |
25-Oct-2010 16:42
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hey blaze87...are u age 23? | ||||
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BullishTempo
Supreme |
25-Oct-2010 16:39
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Spot on !!
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BullishTempo
Supreme |
25-Oct-2010 16:37
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MF Global financing interest rate higher, sibor + 3%. Ig market is only sibor + 2.5% But MF Global give me 0.18% commission, Ig market is 0.20% commission.
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bladez87
Master |
25-Oct-2010 16:36
Yells: "I AM PAPER TRADING AFTER LOSING 5k!" |
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1 very important thing about market makers is they dont always influence the market! you can buy 2000 lots of a stock and it will not reflect on the market, so you cant push the price up just cause you buying! | ||||
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BullishTempo
Supreme |
25-Oct-2010 16:35
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To do position hedging. IG is also 0.20% commission, interest rate is sibor +2.5% Saxo is market maker?
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eastcivic
Elite |
25-Oct-2010 16:35
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hmmm ok.... i think you are correct..... makes me want to open an account with MF Global..... because with city index, although commission is low, but in terms of pricing, i think i lose out more..... :(
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bladez87
Master |
25-Oct-2010 16:33
Yells: "I AM PAPER TRADING AFTER LOSING 5k!" |
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wow! why you open with 2 brokers? IG lower interest rate. saxo .20% commission. | ||||
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BullishTempo
Supreme |
25-Oct-2010 16:30
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Thats why I don't like market makers, they play around with the prices too much. DMA brokers means the prices will follow exactly the underlying stock prices. I think I will just go down to Raffles Place and open account with IG markets.
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eastcivic
Elite |
25-Oct-2010 16:24
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hmmmm what are the cons of trading with market makers? sorry, i am new..... so trying to find out more, i am not questioning your decision..... is it that market makers prices are different from MF Global and IG Markets? because for City Index, the buy price is for genting is 1 cent higher and the sell price is 1 cent lower than actual share price. for MF Global and IG Markets, you buy and sell at the same price as the actual share?
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BullishTempo
Supreme |
25-Oct-2010 16:21
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My CFD account is my margin account. One and the same.
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icetomato
Elite |
25-Oct-2010 16:19
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Got Margin account ma... you can use margin account to buy Long... then use CFD to short...
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Tropical
Senior |
25-Oct-2010 16:19
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My 2 cts worth....like you said earlier...this is what intraday all abt....hehe 
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BullishTempo
Supreme |
25-Oct-2010 16:18
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Thanks for the recommendation bro! Yeah I did check out City Index, very low commission, only $10 per trade regardless of size. Sounds very attractive, but the catch? They are market makers. You are trading with the house ie. City Index, and not trading with the real underlying market. I really don't like that idea. MF Global and Ig Markets have direct market access and so they are not market makers. But commission is the pain, 0.18% for MF Global, 0.2% for Ig Markets. Nevermind, that is the cost of doing business as a trader.
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