Hi all, hope you could put me in the right direction. I am looking to set up a low cost platform/account for Eurodollar spreads. A few years back I traded the Short Sterling contract on ICE and I was profitable. CQG mobile was the platform. CQG allowed me to define the various spreads I was interested in. Bundles could not be done if I remember correctly. I was interested in those but costs were the main hindrance. Before commission I was profitable, but once I subtracted £10+ round trip for 1 spread, most of the P&L was eaten up by commission. Now I want to get back into the game, but properly set up this time round: low-cost platform, low commission, auto-spreader/matrix, possibly allowing for bundles too. Charting/TA is not important. I can do that with a Reuters platform I have access to. Any pointers would be really appreciated. Thanks, bd
Trading Technologies probably does everything you want. It's expensive ($1400/month) but is pretty much the gold standard. CQG Integrated Client has similar capabilities. As far as cost, you should probably buy or lease a CME membership. Exchange fees will be the largest component of commissions cost, and a membership can save you 50%-80% off the standard retail fee. Most brokers can help with the membership application.
http://deepdiscounttrading.com/TradingPlatforms.html this is list of all platforms. TTnet is the successor to xtrade and is lot less expensive. You probably want to talk to a clearer in London to get the lowest clearing rates. Try www.marex.com www.mettraders.com www.xconnecttradng.com www.ghfinancials.com ABN AMRO are not taking own account traders these days.
Www.ghfinancials.com have a Chicago office. https://www.advantagefutures.com/ Www.interactivebrokers.com will open an account for you with $2000. You can also buy an exchange seat to avoid exchange fees with IB. Access to exchange traded spreads at IB as well.
Here's detailed pricing info for the TT platform: https://www.tradingtechnologies.com/resources/pricing/ If you'd like a free, 30-day trial, use this link:https://www.tradingtechnologies.com/try-tt-now/ You are welcome to contact me with questions. All the best- Patrick