Anyone using Focus Futures?

Discussion in 'Order Execution' started by Samson77, May 27, 2005.


    Rates look good on mini's 1.25 plus fee's and day margins look nice too.

    Please share any experiences.

  2. Actually I just added in the exchange fee's and they are not any better then I'm getting with IB right now so no point.

  3. $1.25 is a standard commission but I'm sure you can push for less even without size. The total package for the ES and NQ without commish for non-members is $4.60 per RT (exchange+ clearing+ NFA) and $1.64 per RT for YM. If you do just 10 turns per day, that's over $250 to the broker at that commission. Knowing what the base cost is (which is what I just gave you) will help you negotiate a better rate.
  4. Are you serious? :p
    I can get much lower than this without any volume
    commitment (not any CME program)

    I was always very good in negotiating commisions,
    (American are shy when comes to bargaining) but
    not as good when it comes to trading. :D
  5. DaveN


    Isn't it $2.32? I may be misreading what you intended; could you elaborate on the $4.60? Thanks!
  6. r-in


    I think you are right $2.32 minis and $3.26 Euro.
  7. That would be sweet if true...
  8. r-in


    Sorry if that wasn't clear thats just exchange fees, clearing, NFA, without commssion for a round turn. Add your commssion for the total.
  9. ES , NQ per side calculation

    $0.50 any competative brokerage can offer this rate

    Exchange fee and NFA Regulatory Fees:
    $1.14+$0.02= $1.16

    Plateform charge per side:
    A] CQG Net $0.25 B] J-Trader $0.50 C] Strategy Runner $0.75


    Total amount per side:

    A] $1.91 ------ B] $2.16 ------- C]$2.41
  10. I apologize. I pay member rates, so I looked at the wrong product listing. You are right, the rate is $2.32 per turn + $0.04 NFA. My fault. My remarks about commissions are true though. Check here:

    Would it make sense for ET'ers to pool their business if they are using the same broker (IB, Velocity, etc)? This is what I would go for. Your combined volume is good business and it doesn't cost the brokerage much.
    #10     May 27, 2005