POLL! How Much Do You Pay Per Contract

If under capitalized, try Lions Futures an Introducing Broker for Transact datafeed, $500 per contract, $4.75 per RT if you trade over 200 per month. Add $50-199 if you want TradeMaven platform/charts.

Go straight through TransAct for RT under $4 (3.71 last I heard) if you average 18 RT per day.

 

does ninja trader have charts?

 

what firms offer strategy runner

 

No, not unless it's changed lately.

 

Transact Futures $3.42/RT

 

what firms offer ninja trader?

 

I trade with Transact Futures, and I am really satisfied with the way they handle my account.

Of course, I have accounts at couple of other places too, but I am not as satified with them.

 

Whats IB charging y'all for the "IB bundled/unbundled" rates?

 

Transact / IB fee comparison for YM traders:

IB Commissions

Bundled

$2.13 per side / $4.26 round trip

Unbundled

Execution
<=300 $0.90
301-1000 $0.70
1001-10000 $0.45

Clearing
<=1000 $0.30
1001-10000 $0.20

Carrying $0 unless holding overnight (then $0.10)

CBOT non-member fees (members = $0.10 per side with no reg fee)

Exchange
$0.90

Regulatory NFA
$0.02

Totals

<=300 $2.12 / $4.24 round trip
301-1000 $1.92 / $3.84
1001>10000 $1.57 / $3.14

So on 1000 round trips = ($4.24 x 300) + ($3.84 x 700) = $3.96 average
On 2000 round trips = $3960 + ($3.14 x 1000) = $3.55 average
On 5000 round trips = $3960 + ($3.14 x 4000) = $3.304 average

Transact Futures

Non member: $2.94 r/t
($1.10 execution / $1.80 exchange / $0.04 NFA reg)

+$50 Trademaven basic (optional)

So on 1000 round trips = $2940+$50 = $2.99 average
On 2000 round trips = $5880 + $50 = $2.965 average

Member (leased seat): $1.60 r/t
($1.10 execution / $0.10 exchange / $0.10 contracts cleared / no reg / $0.30 delegate fee)

+ $160 a month IDEM lease
+ $50 Trademaven front end

So on 1000 round trips (50 per day) = $1600 + $160 +$50 = $1.81 average
On 2000 round trips = $3200 + $160 + $50 = $1.705 average

Minimum monthly 364 r/t

Member (bought seat): $1.30 r/t
($1.10 execution / $0.10 exchange / $0.10 contracts cleared / no reg / no delegate)

+ $50 Trademaven basic (optional)

So on 1000 round trips = $1300 + $50 = $1.35 average
On 2000 round trips = $2600 + $50 = $1.325 average

Seat (B-4 IDEM) current bid/offer is $13,000 - $15,000
There is also a $1000-$1500 set up fee for leasing or buying.

 

Mini Russell ER2 Example

Bundled is $4.80 R/T.

Unbundled is a sliding scale. Includes all fees.

Do 500 R/Ts (1000 total contracts) and it's $4.44 R/T.

Do 1,000 R/Ts (2000 Total) and it's $4.03.

Do 2,500 R/Ts (5000 Total) and it's $3.784.

Do 5,000 R/Ts (10K Total) and it's $3.70.

Do 10,000 R/Ts (20K Total) and it's $3.461.

Do 20,000 R/Ts (40K Total) and it's $3.1405.


Assumes no carryover trades.

There are adjustments if you have exchange memberships, etc. None are assumed above.

You'd have to work out exactly what your cost would be based on your volume. I picked some round numbers for my examples. It continues to improve as you increase quantity.

Trader Workstation Included at no charge. Trade 3 contracts and there are no fees for real-time datafeed.

Jack