They're a brokerage firm that clears futures trades, probably through RCG and/or MAN and provides PATS platforms to trade with. That's about all...
Yea, get ready for huge rate hikes until some other exchange creates contracts that can compete with Treasurys, Eurodollars, and the indices. How...
Actually in this case it's almost the opposite. When they merge, they will have a monopoly on a lot of products and so can effectively charge...
I prefer this...
You might check out Advantage Futures. They're in Chicago but I'm sure you could trade through them remotely, and you'll get much better rates...
In futures arcades and prop firms where the trader gets a desk, screen trades, and pays overhead/commisions out of his profits, and then splits...
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