exchange fee reduction for ICE

Discussion in 'Trading' started by mmt, Jun 10, 2015.

  1. mmt

    mmt

    On the CME, you can buy/lease a seat or join a program (e.g. IIP) to get a fee reduction. Are there any similar incentives or programs on ICE US or ICE Europe?
     
  2. garachen

    garachen

    Yes. But there are barriers to entry:

    1) Knowing what exists
    2) being eligible
    3) being invited in
     
    wrbtrader and londonkid like this.
  3. rmorse

    rmorse Sponsor

  4. mmt

    mmt

    Thanks a lot.
    IFUS allows the trader to not pay the 1cent for NFA fee.
    The links aren't specific about the benefits in regards to fee reductions.
     
  5. rmorse

    rmorse Sponsor

    You should call them for details. CME members don't pay NFA, I don't see why ICE members would.
     
  6. londonkid

    londonkid

    if it helps you in any way a well known London prop firm will bill you £1.50 all in round turn for Brent Oil comparable to the $1.50 round turn for WTI oil. Its a lower fee if doing volume. You have to pay for a front end. typically CQG or TT. £25k minimum down. GL
     
  7. mmt

    mmt

    you need to pay USD0.82 for exchange and clearing fess. So round trip it's USD1.64. So if you fcm charges USD0.34 for commission then it will be USD2.32 (or about GBP1.50)