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Swan Noir
Registered: Jun 2009
Posts: 1705 |
07-10-12 03:11 AM
Frankly I did not expect to hear a number under $.75 R/T. Assuming you are happy with the split the numbers are dynamite.
Quote from the_neuron:
I work for a prop firm, and after globex rebates kick in, I'm sub .24 cents all in R/T.. so under .12 a side...
fyi, my daily volume tends to be north of 25,000 sides
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londonkid
Registered: Jun 2011
Posts: 149 |
07-10-12 08:04 AM
Quote from Swan Noir:
Frankly I did not expect to hear a number under $.75 R/T. Assuming you are happy with the split the numbers are dynamite.
This is because yourself and Nettecture are from a retail environment you have not seen people trade size in a true prop.
Nettecture must be choking on his breakfast, 1st he calls me an idiot for asking for sub $1 RT's and then he says the lowest rates are not available via a prop firm.
I am not surprised to see such low rates at a prop, if the firm is a clearing member, equity member or member approved funds they will be enjoying RT CME fees of 19c as long as they qualify for the max discount which Mr Neuron clearlly does on his own.
Mr Neuron could be a member individual in his own right with that volume or the prop firm could be the member.
It just shows you when people are scalping for a tick here and there the odds are stacked against people paying $4 RT retails costs.
Thanks Mr Neuron for posting to confirm what I originally thought.
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Swan Noir
Registered: Jun 2009
Posts: 1705 |
07-10-12 12:01 PM
Since I don't scalp commission costs are not central to my ability to make my plan work.
Quote from londonkid:
This is because yourself and Nettecture are from a retail environment you have not seen people trade size in a true prop.
Nettecture must be choking on his breakfast, 1st he calls me an idiot for asking for sub $1 RT's and then he says the lowest rates are not available via a prop firm.
I am not surprised to see such low rates at a prop, if the firm is a clearing member, equity member or member approved funds they will be enjoying RT CME fees of 19c as long as they qualify for the max discount which Mr Neuron clearlly does on his own.
Mr Neuron could be a member individual in his own right with that volume or the prop firm could be the member.
It just shows you when people are scalping for a tick here and there the odds are stacked against people paying $4 RT retails costs.
Thanks Mr Neuron for posting to confirm what I originally thought.
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londonkid
Registered: Jun 2011
Posts: 149 |
07-10-12 04:12 PM
Quote from Swan Noir:
Since I don't scalp commission costs are not central to my ability to make my plan work.
sure i understand. Swan Noir.
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ExchangeBonds
Registered: Jan 2012
Posts: 175 |
07-10-12 04:20 PM
I'm partial to the 30yr and 10yr over the ES, so I'll never get to that type of volume, but I can see how you could do that. They don't move through ticks like ES does and there is no waiver from the Cbot, so I try to stay with lower volume strategies.
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