How to avoid the order routing fees for futures trading?

I believe most of the futures brokers in the US use CQG, CTS, Rithmic, or TT for order routing. All of these 4 routing companies charge order routing fees. If one trades small contracts (minis, micros etc.) and trades frequently, the order routing fees can be substantially high and hurt the monthly bottom line.

Is there any way to trade futures without using any of the 4 routing services in order to save the order routing fees?

 

Hi toon, on Eze EMS (formerly RealTick) Pro and Express we do not pass through a transaction fee from them. https://www.lightspeed.com/trading-platforms/realtick-pro-and-express/realtick-platform-features/ . Contact me directly to discuss pricing. My email address is below.

 

Can you please give me an example of what the all-in commissions (including exchange and regulatory fees) are for emini and emicro contracts if one uses Eze EMS Pro or Express at your firm?

 

Our commissions start at $1.29/Future + Exchange clearing and Reg fees. To get a volume discount on e-minis or a lower price on Micros, I need to speak to you. RT express is currently $125/Month and the Non-Pro bundle for CME is $30/month. If you want to know more than what we post on our website, call or email me.

 

If your firm does not use CQG, CTS, Rithmic, or TT, then what order routing venue do you use?

 

Yes, we also offer all those. We can offer any software Wedbush Futures can enable. That said, you ask what software can be offered that does not add a transaction fee. CQG-IC is expensive but does not charge a transaction fee. The Realtick fees is part of our commission rate, so you do not have to be concerned. RT has their own futures routes.

 

Tradovate does not charge any order routing fees for our own software (Tradovate) or any software connecting directly to our API (Jigsaw, Tradingview). We route our trades to the exchanges through CQG.

 

how many contracts you doing per month? i think the biggest bang in savings would be to just get a leasing seat.

 

I agree. In addition, CQG and CTS T4 have a commissions cap per month.

 

This is another good suggestion. If you are active, Tradovate has flat-pricing or commission-free. You pay $199 a month if prepaid annually or $349 if you choose month-to-month. If you use our software, there are no order routing fees. If you then link it with an exchange membership, you can also drive the exchange fees lower. It is a powerful combination.