Hi, What is the common commission paid by the trader in a traders firm for futures on indices? As oppose to the regular private commission of 5$-10$ per round trade. I'm asking this because I'm developing a fast trading system for trading futures, but the normal commissions will kill me. Hope you understand my question. Thanx.
Cut which in half: 10/2 = 5$ 5/2 = 2.5$ Which of the above for round trade (enter+exit)? I thought something more like 1-2$ ?
Now youre talking. Last nage - the volume is about 150 lots per day (round trades), so I'm guessing 1$ is ok.
not sure it is enough, i think u need to trade 300-500k lots a month to get that rate. i suggest u to check anyways--go to global website or get in touch with gioacchino: he's a sponsor here...add him to your buddy list and from there u can send him a pm or go the website get the tel number and get in touch with 'em directly. disclaimer: this is not an endorsement to join any broker...there are many out there that offer good deals; use the search function and make up your mind.
http://www.globalfutures.com/webforms/matrix.asp plus fees .....but fees can be reduced.... http://www.globalfutures.com/promo/ecm.asp You will pay: - for the CME with no volume required (Round trip): ES, NQ, ER : $0.69 + $0.69 + $0.88 (promo fee) = 2.26 $ plus X-Trader platform fee: 625$ per month one exchange only Lorenzo >>>> HIGH VOLUME: 50,000 R/T per month: $ 0.10 + $ 0.10 + $ 0.88 promo fee = $ 1.08 R/Trip