Registered: Jul 2008
07-04-09 10:51 PM
Pretty interesting thanks for posting. The fee structure is is the main selling point, 1 dollar per contract, 7 dollars max per order. If it takes off this defiantly could be the preferred exchange for big lot players.
For example a today's futures speculator without a seat is paying around $500 for a 100 lot Crude Oil order round turn, that would only cost $14 at NADEX.
I've always thought is was somewhat ridiculous that to buy a million dollars worth of MSFT stock costs $5 or less. But to buy or sell 1000 lots ES for instance costs $5000 per round turn if you don't have a seat. It not a whole lot less if you do have a seat. Stock investors wouldn't stand for such high fees, but futures traders just swallow them.