FESX commission

IB bundled rate is 2 EUR per side. That's like 5.40 USD RT.

Proactive publishes an all-in RT rate of 3.20 USD.

What is a "good" negotiated USD rate for FESX?

Thanks,
Osorico

 

Try Open E Cry, I think I paid something like $2.00 RT. I'll have to find a statement to confirm.

Edit: I think there are clearing fees on top of that pushing the total to something over $3 RT but everything is negotiable.

 

More input please.




Not changing brokers... Gathering ammo for negotiations.

Osorico

 

What is you avg. number of contracts a month?
4 EUR sounds very high.

 

Just an update on PUBLISHED commissions for FESX...

InteractiveBrokers Unbundled, 2 EUR per side, approx 5.40 USD RT

OpenECry, 1.89 USD per side, 3.78 USD RT

Proactive Futures, 2.35 - 3.20 USD RT, volume based.

VTFutures, 1.64 - 4.74 USD RT, platform and/or volume based.

Velocity Futures , 1.40 - 4.50 EUR RT, approx 1.89 - 6.07 USD RT, platform and/or volume based.

While doing this research, I stumbled on a PUBLISHED mini rate of 3.42 RT, no muss, no fuss, no bs.

It's cut-throat out there.

Osorico [Now, prepared to negotiate.]

 

Are you sure because the site claims to have it $3.42/side?

 

Yes, you are correct. Sorry for the error. My brain was in Eurex at the time.

PLEASE DISREGARD PREVIOUS MENTION OF PUBLISHED 3.42 RT RATE FOR MINIS. IT IS PER SIDE, WHICH IS NOT EVEN COMPETITIVE!!

Osorico