I've paid over $60,000 in commission the last few weeks and im done

Wait, could you tell me how you get better execution buying a seat? I thought this was only for lowering exchange fees?

 

So they are going to do my order execution, lower my commission outside of exchange fees? Are these two things not completely separate? I think you are wrong but I clearly dont know much

 

You still need a broker and a seat has nothing to do with execution as mentioned above.

 

I do not either. I thought that if you held a seat at an exchange, you traded through the exchange directly, and so did not need the broker middleman. *shrugs*

 

Same. CME even sells the seats as providing better execution on their website. Maybe it's because you can choose your broker?

 

Click a link and call a contact number, try starting with Gelber Group or RJ. O'Brien. All of your questions will be answered by Monday morning.

https://www.cmegroup.com/clearing/f...urveillance/clearing-firms.html#clearingFirms

 

That's weird. Can anyone clarify how CME offers better execution.

 

Any reason I should start with those two? Thanks for your help, and all the people I have not reached out to.

 

There is no better execution ..

 

Yea, seat offers lower exchange fees. That seems to be about it. Not lower commission outside of that, not better execution, no platform, no charting software, etc.