traderCND- Appreciate you looking into that for us. Your email went to market reg. They do not handle that type of stuff as it is not a market regulations type of an issue. You will need to send it to the membership audit department. Here is the CME switchboard number to get their email or contact them directly: 312-435-3500. Contact Ellen over there. She handles membership review and knows us. They are really helpful and nice people. She will inform you that we are well within the rules in how we hold ourselves. Again I do appreciate you taking the time to thoroughly review TST and PTP. mp
lol wowwww are you retarded? There is no fiduciary responsibility here because its all INDEPENDENT RISK. why would an independent shop risking their own money need to report financial statements to the CME? you can't trade on CME without a credit check by CME and your clearing house on every trade you place on the exchange. they know if you don't have adequate capital/margin. the basis for exchange membership is lower rates, because you will be transacting more. what do YOU think membership is? you just sound like a frustrated loser
traderchi: this question has already been answered by Patak, see below. And I totally agree, not having to make up the loss would DEFINITELY be easier mentally.
Thanks man...I didn't see that part. With that being the case it's not bad. I guess it depends on how long they drop you to the minors for. But if it's something like you stay in sim until you made back your loss from the live account it's then just protecting both you and them from digging a big hole.
Hello Michael Your commission fee is higher then most retail brokers charge , most would agree on that For clarity purposes The important issue is the exchange fees you charge ! Are you actually passing on the reduced rate as being a cme member of some type to your traders ? What are the exchange fees you charge your traders on cme contracts ? How much is your sp emini contract ES exchange fees per side ?
The famous Rule 106H- "Parent companies, affiliates, subsidiaries and customers of such corporate members are not eligible to receive corporate member rates (unless they become corporate members themselves)."
Not sure what they have Looking for the facts What type of cme membership does patak have ? Do they pass on those rates is the question ?
Sure. My interpretation is they "drop you to the minors" only for the time it takes to redo the combine and meet the profit objectives. You stay in sim until you complete the combine again. It doesn't matter what the loss was in the live account, since PTP absorbs the loss.