IB Lowers Futures Commissions

Discussion in 'Events' started by Steve_IB, Oct 19, 2005.


  1. So the bundled rate for ES/NQ is $4.80.

    And the unbundled rate @ 300 contracts or less per month is $4.68?

    Seems like unbundled is a no brainer. What am I missing?
     
    #21     Oct 20, 2005
  2. Steve_IB

    Steve_IB Interactive Brokers

    If you are daytrading then yes. If you are holding positions then you will need to take the carrying fees into account.
     
    #22     Oct 20, 2005
  3. u130747

    u130747

    Just switched to unbundled.


    Bert
     
    #23     Oct 20, 2005
  4. ib's rates still 25% more than amny other places for guys doing 400 or more r/t's a month
     
    #24     Oct 20, 2005
  5. This is good news.

    Please consider lowing the stock commissions as well. Ideally .5c/share independent of volume. That would again make IB competitive with stock commissions.
     
    #25     Oct 20, 2005
  6. i would love to see margins lowered more than commissions. i mean if you were day trading the DAX risking say 5pts at a time(hypothetically) that would be $150USD risk for 1 contract, and for that in the euro session i would need $8,500USD of margin to put up? the DAX has daily volatility of around $1800USD. could it be lowered a bit?
     
    #26     Oct 20, 2005
  7. Steve_IB

    Steve_IB Interactive Brokers

    I don't think this is going to happen. In light of recent events, lowering our risk controls would probably not be the best advertisement.
     
    #27     Oct 20, 2005
  8. afedoro

    afedoro

    Congrats IB on lowering commissions! :)

    In terms of margin rates, it is true that they are high at IB compared to other active trading brokers but on the other hand, I don't think that is necessarily bad. When I see some brokers offering $500 margin rates on e-mini's, it worries me for some of their clients because if someone is actually using that kind of leverage to its full extent, their account is probably very much at risk.

    In a way, by requiring higher margin amounts, a broker also looks out for their customers (even if that's not necessarily the original intent for higher rates).

    Anyway, just my 2 cents...

    PS: Steve, about the reset issue, I'm not sure how it works underneath but have you considered allowing clients to specifically switch servers or set some flag when starting to trade the asian session to prevent this from happening? Not sure if that's technically possible though, depending on the requirements for the reset.
     
    #28     Oct 20, 2005
  9. ozzy

    ozzy

    Can we lower the futures rates a little more please. I like IB but I'll have to move to another broker in the US if I want to keep costs down.

    Also is it possible to cut deals with IB depending on the amount of volume you do?

    Thanks.
     
    #29     Oct 20, 2005
  10. TGregg

    TGregg

    Is this correct? From what I can tell, if a trader trades ES and never carries a position (and thus never incurs the 10 cent carry charge), then he should trade unbundled regardless of how many contracts he trades:

    CME Fees: 1.16 (Exchange fee 1.14 and Reg Fee .02)
    IB: 1.20
    Execution fee .90 (<=300 contracts)
    Clearing fee .30 (<=1k contracts)

    That's 2.36 per side. I know, it's a whopping 8 cents/round trip saving. But did I do this right?
     
    #30     Oct 20, 2005