Hi, I would like to discuss this topic a bit. Has anybody thought about creating an online trading group in Europe in order to profit from this new lower commissions ? Some examples of new roundturn commissions : CBOT: YM: 2.84$-2.64$-2.39$-2.19$-2.09$ (VF is 2.80$-2.50$-2.20$-1.90$-1.80$-1.75$) ZB-ZN: 2.88$-2.68$-2.43$-2.23$-2.13$ (VF is 2.15$-2.00$-1.80$-1.60$-1.45$-1.30$) CME: ES-NQ-ER2: 3.54$-3.34$-3.09$-2.89$-2.79$ (VF is 3.90$-3.75$-3.32$-3.00$-2.82$-2.52$) EUR-JPY-GBP: 3.54$-3.34$-3.09$-2.89$-2.79$ (VF is 4.75$-4.45$-4.10$-3.75$) VF stands for VelocityFutures As you can see it is particularly interesting for CME FX! So what about a union of independant online traders in order to get rebates at IB ?
People do this all the time. In fact, that is in effect why an Introducing Broker gets such good rates. But I am curious, if you do not do a lot of volume, commissions just aren't an issue. If you do a lot of volume though, it does make sense to team up with others that do. nitro
... for volume trading a week ago, but they said it's not available. With a full service or institutional broker, it's more negotiable.