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Thank you for the info Richard! Things may be a little more complex than I thought.
I would have thought that trading international portfolios would have been popular by now... but the lack of replies seems to indicate the opposite. If you trade a system that scans the market to find candidates surely adding foreign markets would increase the reward. In this time and age I expected that maintaining foreign data bases and trading foreign markets would be quite common. Surprises never end. I can't believe I am breaking the ice here ... :-)
btw, private replies would also be appreciated.
Best regards,
herman
For tips on developing Real-Time Auto-Trading systems visit:
http://www.amibroker.org/userkb/
Thursday, June 5, 2008, 12:21:54 AM, you wrote:
> Hi Herman,
> Regarding point 3 - here in Australia (ASX) there is no such thing as a
> “Market On Open” or “Market On Close” order. The open and close is done on
> the basis of an opening price auction and closing price auction.
> If you your bid/offer happens to overlap a corresponding offer/bid then
> you'll trade on the open/close. Otherwise your order will just sit there.
> Here's a good description of how this operates:
> http://www.asx.com.au/investor/education/basics/open_Close.htm
> This is also the same for the Singapore Exchange (SGX) too. There are no
> specialist/market maker systems used for trading in Australia - everything
> is a plain, open electronic order book. There are also no ECNs too.
> Best regards,
> Richard Dale.
> Norgate Investor Services
> - Premium quality Stock, Futures and Foreign Exchange Data for
> markets in Australia, Asia, Canada, Europe, UK & USA -
> www.premiumdata.net
> From: amibroker@xxxxxxxxxxxxxxx [mailto:amibroker@xxxxxxxxxxxxxxx] On Behalf
> Of Herman
> Sent: Thursday, 5 June 2008 11:06 PM
> To: AmiBroker User Group
> Subject: [amibroker] Trading International Portfolios
> Hello,
> I want to start trading international portfolios using IB/TWS and could use
> some practical advice from those who have experience in this area.
> 1) What are the pitfalls and drawbacks of trading a portfolio consisting of
> 3-5 markets (ASX,SGX,US,CA,EUR,... )?
> 2) How to set up the account(s) with IB, for example can foreign stocks be
> traded with US funds (auto conversion)?
> 3) Is there a problem with the different market time-zones? For example, for
> a foreign stock, would MOO and MOC be automatically adjust to the foreign
> market's open/closing time?
> If anyone is inclined to give an overview of what is involved this would be
> much appreciated. I know I can do all the research myself but there is
> nothing better than to hear it from someone who is actually doing this. Save
> me a ton of time too ;-)
> TIA,
> Herman
> ------------------------------------
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Please note that this group is for discussion between users only.
To get support from AmiBroker please send an e-mail directly to
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For NEW RELEASE ANNOUNCEMENTS and other news always check DEVLOG:
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