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Just a quick update the margin requirements have changed to 4:1 for day
traders as of September 28 for NYSE/ASE names as well as NASDAQ but the NQ
still wins.
regards
randy smith
----- Original Message -----
From: "Bob Fulks" <bfulks@xxxxxxxxxxxx>
To: "Barry Silberman" <barry@xxxxxxxxxxxxxxxxxxxxx>
Cc: <omega-list@xxxxxxxxxx>
Sent: Tuesday, November 27, 2001 6:22 PM
Subject: Re: Trading QQQ's Vs E-mini Nasdaq
> At 4:02 PM -0500 11/27/01, Barry Silberman wrote:
>
> >Can someone comment on whether it would be time better spent developing a
> >system to trade the e-mini Nasdaq 100 or some other particular market on
an
> >intraday basis.
> >
> >Thanks for any insights you can provide.
>
>
>
> Looks as if NQ wins on all counts:
>
> Margin Requirements:
>
> 1 contract of NQ worth $32,000 ... Margin = $4,125
> 800 shares of QQQ worth $32,000 ... Margin = $16,000
>
> Bid/Ask spread:
>
> NQ: 1 point = $20 on one contract
> QQQ: 0.05 /share = $40 on 800 shares
>
> Liquidity:
>
> NQ: 860,000 contracts/week = $28 billion/week
> QQQ: 242,010,000 shares/week = $10 billion/week
>
>
> Bob Fulks
>
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