Cost to trade futures always going up, while equities 0.00 commision.

Discussion in 'Trading' started by VEGASDESERT, Apr 1, 2020.

  1. zdreg

    zdreg

    It is otherwise known as being part of friction costs
     
    #11     Apr 2, 2020
  2. VEGASDESERT

    VEGASDESERT


    What do you mean? Retail brokers give you 4x leverage, no added fees.

    If you're talking about prop type stuff, thats a different story.

    I'm talking about the common at home trader trying to break into profitability.
     
    #12     Apr 2, 2020
  3. Fees?.... you should thank god you're not trading from Europe !!
     
    #13     Apr 2, 2020
    zdreg likes this.
  4. zdreg

    zdreg

    The uninformed in the US i.e. retail traders are completely clueless to how lucky they are.
     
    #14     Apr 2, 2020
    dealmaker likes this.
  5. qwerty11

    qwerty11

    Why? Because of PRIIPS?
     
    #15     Apr 2, 2020
  6. Overnight

    Overnight

    To be honest, I don't understand why the fee increase would be delayed because of COVID. The markets are still going to move the same, virus or not, so the opportunity to make money is still there.

    If the virus didn't exist, what other excuse could we have tried to "delay" the increase? The market would have been in a dead zone of sub-10 VIX readings, so there was no chance to make money?
     
    #16     Apr 2, 2020
  7. schizo

    schizo

    But then again, why raise the damn fee NOW? Aren't they being a little insensitive? BTW wasn't it just a few months ago they raised the price (both data and exchange fee)?
     
    #17     Apr 2, 2020
  8. Overnight

    Overnight

    They had this planned way before the COVIDS hit US shores.

    https://www.elitetrader.com/et/thre...-transaction-fees-effective-2-01-2020.339954/

    I never did see the notice back then about the bundle increase, but I guess I was not signed up for that notice-type.
     
    #18     Apr 2, 2020
  9. manonfire

    manonfire

    It was what a whole dollar a month increase? In 1995 I paid over $500 a month for real time data, that’s like $875 today.







     
    #19     Apr 2, 2020
  10. It's like $31 now for all futures exchange. In the bigger scheme of things, trading futures, it's fine. I am annoyed too, especially since it should be free as we are depending on this data to actually place trades which generates revenue for CME.

    But I did notice AMP now has a $4/month thingie for all exchanges if you don't need market depth data. I was thinking about it, and realize that I don't really use it (no analysis based on DOM data; Don't look at it really when placing order etc. I do take a look at it and marvel how thin market has become, but that's the philosophizing part, not while placing trades). So you can actually reduce the fee from last month's $15 to $4 now. I might. Or may not

    upload_2020-4-2_18-47-46.png
     
    #20     Apr 2, 2020