how low does NDX have to go before brokers cut prices?

Discussion in 'Index Futures' started by canadian_dude, Jul 11, 2002.

  1. The problem with NDX at such low levels is that the cost of trading keeps going up. You have to buy more shares of QQQ or more NQ contracts all the time just to put the same amount of money into action.

    Its time for these brokers, CME, Island, etc. to cut their commission costs. It is unfair to charge the same rates when NDX is at 950 as when it was at 4000. That means they are effectively charging 4 times as much as they used to. What happens when NDX hits 600, we just keep paying more to buy even more contracts?

    How low does it have to go before we see an adjustment to some more fair price levels to reflect today's reality?
     
  2. nqtrader

    nqtrader

    Remember when they did a 2 for 1 split on the QQQ and also the S&P Futures? Same thing happened. As with all stock splits... they effectively doubled our costs.

    I wonder if they will ever do a reverse split. :mad:
     
  3. josbarr

    josbarr

    The operational cost of trading is going down. Yes the market is not where it was but trading fee's are lower now than 1 year ago and they are getting lower


    jbarry@proedgeonline.com