CME Membership

Dude, -2k is like having a bad trade. relax.

 

with your entitled attitude you will get denied. save your 2k...

 

es one tick is 12.5, minus round trip commissions, you still make some.

 

how much do you pay cme fee right now?

 

all retails pay the same CME fees dude

 

I haven't started trading yet, so $0 . I just opened an account with Optimus Futures yesterday. Building API connection with CQG market data and FIX will take another 2 weeks. Backtesting executes ~15k trades per day on ES with an average profit of <$5/trade. So I guess multiply $1.33 CME fees * ~15k per day. I expect real life to eat me alive. Hopefully there will still be a little profit left after fees and bad fills.
edit to add: I'm backtesting with only 1 contract, but theoretically, it could be more contracts per trade between 8:30 and 17:00 when there's more volume, so the CME fees would add up quickly if my strategy is viable in a live environment. A lot of that viability depends on the fees.

 

another billionaire in the making

 

depends on the the currency conversion rate between backtesting dollars and USD .

 

First make real money. then figure out how to get a seat on the CME.

 

is your profit margin is so low, how can you make it profitable?