You can open a trading account (minimum 20000 Pound) with those guys and trade at reduced exchange fees however they claim you have a segregated account , is this possible ? 2 3 MAREX TRADING SERVICES 4 5 6 New commission Scales for all products 7 8 Liffe Gilt, Short Sterling, Ftse, Euribor, EuroSwiss Futures 9 10 lots rate per lot in GBP exchange fees MAREX fee 11 0 10,000 0.40 0.28 0.12 12 10,000 20,000 0.37 0.28 0.09 13 20,000 30,000 0.36 0.28 0.08 14 30,000 40,000 0.35 0.28 0.07 15 40,000 50,000 0.34 0.28 0.06 16 50,000 plus 0.33 0.28 0.05 17 18 Eurex Bund,Bobl,Schatz futures 19 20 lots rate per lot in Euros exchange fees MAREX fee 21 0 10,000 0.37 0.20 0.17 22 10,000 20,000 0.33 0.20 0.13 23 20,000 30,000 0.32 0.20 0.12 24 30,000 40,000 0.30 0.20 0.10 25 40,000 50,000 0.29 0.20 0.09 26 50,000 plus 0.27 0.20 0.07 27 28 Eurex Dax future 29 30 lots rate per lot in Euros exchange fees MAREX fee 31 0 10,000 0.67 0.50 0.17 32 10,000 20,000 0.63 0.50 0.13 33 20,000 30,000 0.62 0.50 0.12 34 30,000 40,000 0.60 0.50 0.10 35 40,000 50,000 0.59 0.50 0.09 36 50,000 plus 0.57 0.50 0.07 37 38 Eurex Eurostoxx future 39 40 lots rate per lot in Euros exchange fees MAREX fee 41 0 10,000 0.47 0.30 0.17 42 10,000 20,000 0.43 0.30 0.13 43 20,000 30,000 0.42 0.30 0.12 44 30,000 40,000 0.40 0.30 0.10 45 40,000 50,000 0.39 0.30 0.09 46 50,000 plus 0.37 0.30 0.07 47 48 Eurex FSMI future 49 50 lots rate per lot in Swiss Francs exchange fees MAREX fee 51 0 10,000 0.48 0.20 0.28 52 10,000 20,000 0.41 0.20 0.21 53 20,000 30,000 0.39 0.20 0.19 54 30,000 40,000 0.36 0.20 0.16 55 40,000 50,000 0.34 0.20 0.14 56 50,000 plus 0.32 0.20 0.12 57 58 CBOT 30yr, 10yr, 5yr, 2yr futures 59 60 lots rate per lot in USD exchange fees MAREX fee 61 0 10,000 0.41 0.19 0.22 62 10,000 20,000 0.36 0.19 0.17 63 20,000 30,000 0.34 0.19 0.15 64 30,000 40,000 0.32 0.19 0.13 65 40,000 50,000 0.30 0.19 0.11 66 50,000 plus 0.28 0.19 0.09 67 68 CBOT mini Dow future 69 70 lots rate per lot in USD exchange fees MAREX fee 71 0 10,000 0.59 0.370 0.22 72 10,000 20,000 0.54 0.370 0.17 73 20,000 30,000 0.52 0.370 0.15 74 30,000 40,000 0.50 0.370 0.13 75 40,000 50,000 0.48 0.370 0.11 76 50,000 plus 0.46 0.370 0.09 77 78 Euronext Matif CAC future 79 80 lots rate per lot in Euros exchange fees MAREX fee 81 0 10,000 0.52 0.35 0.17 82 10,000 20,000 0.48 0.35 0.13 83 20,000 30,000 0.47 0.35 0.12 84 30,000 40,000 0.45 0.35 0.10 85 40,000 50,000 0.44 0.35 0.09 86 50,000 plus 0.42 0.35 0.07 87 88 CME FX, Euro Dollar, Mini equity index futures 89 90 lots rate per lot in USD exchange fees MAREX fee 91 0 10,000 0.68 0.46 0.22 92 10,000 20,000 0.63 0.46 0.17 93 20,000 30,000 0.61 0.46 0.15 94 30,000 40,000 0.59 0.46 0.13 95 40,000 50,000 0.57 0.46 0.11 96 50,000 plus 0.55 0.46 0.09 97 98 CBOT Gold Silver futures 99 100 lots rate per lot in USD exchange fees MAREX fee 101 0 10,000 0.89 0.67 0.22 102 10,000 20,000 0.84 0.67 0.17 103 20,000 30,000 0.82 0.67 0.15 104 30,000 40,000 0.80 0.67 0.13 105 40,000 50,000 0.78 0.67 0.11 106 50,000 plus 0.76 0.67 0.09 107 108 Nymex E-Mini Enegy Futures 109 110 lots rate per lot in USD exchange fees MAREX fee 111 0 10,000 1.69 1.47 0.22 112 10,000 20,000 1.64 1.47 0.17 113 20,000 30,000 1.62 1.47 0.15 114 30,000 40,000 1.60 1.47 0.13 115 40,000 50,000 1.58 1.47 0.11 116 50,000 plus 1.56 1.47 0.09 117 118 IPE Brent Crude Futures 119 120 lots rate per lot in GBP exchange fees MAREX fee 121 0 10,000 0.55 0.43 0.12 122 10,000 20,000 0.52 0.43 0.09 123 20,000 30,000 0.51 0.43 0.08 124 30,000 40,000 0.50 0.43 0.07 125 40,000 50,000 0.49 0.43 0.06 126 50,000 plus 0.48 0.43 0.05 127 128 129 Exchange fees also cover clearing house fees and the regulators fees. Software fees TT approx £1650 ECCO approx £1500 RTS approx £1400 If you do enough volume this beats everything I have seen so far (Transact and co) Any comments ?
MarexTS is the Ex-RefcoTS (London/Gibraltar). www.elitetrader.com/vb/showthread.php?threadid=52609 www.elitetrader.com/vb/showthread.php?threadid=57185
Yeah, I know but so what ? Even before the debacle, I never heard anybody talking about this possibility. Is your account really segregated with them in case you get those reduced exchange fees ?
The analysts from Refco have set up a squark service available to everyone. www.ransquawk.com it is currently free.
Hello there, I'm a little confused about the rate card. When you said: Eurex Bund,Bobl,Schatz futures lots rate per lot in Euros exchange fees MAREX fee 0-10,000 0.37 0.20 0.17 are you saying it's Euro 0.37 per side, or Euro 0.74 a round turn all in?
Marex offers Forex supposedly. Does anyone know what forex they offer (besides CME)? Maybe Hotspot on TT?
I heard they are struggling with a football pitch size trading floor in london that is less that 20% occupied with mediocre traders. They better kill some costs pretty soon or fill up the 80% of empty desks with fee paying monkeys or they'll be downsizing to a more manageable cost base. I'd still be nervous. Seems like it just a rebranded refco. Same ole faces running the show.