OK, I think I get it, reminds of what Bob Kantor did back in the day. Have fun with it, and I hope everyone does well. Don
Don, wasn't trying to bite your head off. Their website is one of the more transparent sites out there. I used the poker analogy just for you Don. I thought it would help. BTW Don, almost all my buddies that go out to Vegas to play poker play the satellites for the exact same reason guys do this combine. A few of my friends got free tickets into the WSOP. Still 10k entry right?
Commission are too high for a professional shop,you can get cheaper than $2.5 RT excluding exchange fees ,what about discounts for high volume ? When you make +$30K in profits you get member rate exchange fees BUT still pay $2.5 RT , doesn't make sense ....:eek:
paying higher then retail commissions is not smart , you pay to play The firm has to make some money on the commission side from it's traders your not going to make much money on splitting pnl with only a handful of profitable live accounts ptp can earn more money on the commission side then some of the stock prop firms If they can get enough breakeven traders doing some decent volume
If I was backing traders I would charge twice what they are. When I was backed in NY trading equities back in the day I was paying 1.7 cents per share. That's correct, $17 per 1000 shares. You know why they charged those rates? Because most guys they backed lost money. So we can do this two ways. Back yourself and get dirt cheap rates, or lay off your risk on someone else and let them charge you more. I think we both know there is not much p&l to be found out there. This entire industry is run on commish. Has been for 30 years.
No, TST does not mark up commissions. They can't by law. The backer I have no idea. You do understand that TST is not the backer right? I "believe" the backer is Patak Trading Partners. Or at least that is the entity where the backer is. PTK and TST are two separate entities. Not trying to be a dick, but this was explained in detail on these threads. I know the threads ran long and many guys are not bothering to read them. But TST is a recruiting firm. They have no capacity to earn a rake on the commish.
we are talking about commisisons on futures good money to be made at $ 5.00 per r/t for ptp when your trading prop you would think your going to get rock bottom rates with giving up a split of profits , not happening at $ 5.00 r/t on cme contracts , your going to churn yourself to death if your trading for ticks these guys should be paying $ 2.00 r/t for a prop model , a fair deal you pay more then retail prices in a prop model , that is insane