How to bypass the broker?

Discussion in 'Trading' started by ADX_trader, Sep 16, 2002.

  1. Some people pay more than $30K commission per month. Is it possible for them to bypass the broker? Can a person buy a license(or whatever they call it) from CME or CBOT and then connect directly to the exchance and trade? How much will this cost?
  2. like anything else. there is a cost to getting wholesale.
  3. It would be too expensive. You would need to setup up a server, rent the T-1 lines, pay the exchange fee's, I believe you'd have to rent or buy a seat, and you may have to become a broker dealer, which would really kill you with upfront costs, and then the regulatory requirements. You're better off going with a prop firm, then a broker or setting it up yourself.