Its not boding well at all for the future.What Exchanges are people switching to now that EUREX is slowly dying a death? ( Jump ship before its to late etc )
True,I have just joined a Trading Arcade in the City, and have been informed that 6 of our relatively big trader guys ( 10k+ r/t a day ) have left trading EUREX all together and are now just trading the US exchanges.
Eurex need to do a deal with an isv and give free software to anyone prepared to trade on their market.
Whats the deal with Schneider. I once saw a presentation, looked like they did spreads in european rates futures. Altho it wasnt immediately obvious why they would recruit random traders w/o trackrecord. Guessing deskfee + churning commissions then?
yep standard industry rip off. desk fee churning commission - tiny limits. as soon as you put 5k up they want another 5k within 2 weeks. impossible to make any forward progress. their turnover rate of new traders is massive as they cant find any profitable traders. the training is shit as well. couple of guys talking about bollinger bands and trading shatz bobl 2 by 1. ( allegedly )
Spread trading European Futures?? I think your 10 years to late for that game.Its 2012 not 2002.You have more chance of consistently making money from betting on the 200/1 shot at Haydock.
P.S.: the Schneider presentation was on there: http://www.advantagefutures.com/Seminar_Center_Past.html CTRL-F for 'Schneider'