start Tuesday Oct 1 ... with IB IB Slashes Commissions on the CBOT mini-sized Dow Even Further As a result of the CBOT waiving all fourth quarter exchange fees for Dow stock index products, IB's mini-sized Dow futures commissions will drop to $1.26 per contract, beginning October 1
Round Trip trades in the MiniDOW through FFastTrade are $1.04, that's .52 per side. This is for the period that the CBOT has their fees waived. Eurex is waiving fee in the Stoxx 50 as well! It's a good idea to take a look at these contracts!
Could be easy pickins. Lots of newbies. It will take the arbs a while to 'rationalize' the market. Lots of opportunity perhaps.
FFastTrade charges $550 per month for its Remote Pro System, so you would need to amortise it and figure out if your volume justifies this. Basically the Transaction costs are about $1.50 lower than anyone else, so if you trade over 350 lots it makes sense. It is fasat as well!
FFastTrade is $3.32 round trip for Minis and even less for Eurex products and the MiniDOW. Basically, the MiniDOW is $1.04 round trip all in. The difference is you need to pay $550 per month for the FFastFill System. DAX is $1.70 Round Trip FTSE is $1.94 Round Trip Bonds are $3.70 Round Trip These all include the current exchnage fees.
Does IB charge $1.26 per side for the MiniDow? If so, they are at $2.52 Round Trip. FFastTrade is at: $1.04 Round trip! $1.48 LESS unless I am missing something. Remember, the system charge at FFastTrade when calculating your total cost. If you trade over 372 round trips a month FFastTrade is cheaper! You also get a super fast system.