www.focusfutures.com

Discussion in 'Financial Futures' started by virgin, Dec 23, 2004.

  1. virgin

    virgin

    Looks like a new kid on the block ..

    Anybody knows them, is this an IB,who is clearing their trades ?
     
  2. Looks like they're blowing away the competition with those super low rates.. or am I missing something?
     
  3. Yes, they are IB. You can check every brokers wire funding
    address to see who is the clearing firm.

    They are clearing through Rosentile RCG. If you subscribe to
    their CME LLC partnership program (your money won't be
    in your name, if you trust them) your cme clearing fee for
    example Euro fx future will be lowered from $1.65 per side
    to $0.44 per side. Total saving of $2.42 each round turn
    for Euro fx and $1.40 round turn for Eminis NQ, ES

    Huge saving...
     
  4. is this IB part of a larger group of IB's ?


    -GLOBAL FUTURES EXCHANGE & TRADING CO INC-
    -NFA ID: 0289721-

    -Doing Business As-

    •_ADVANCED FINANCIAL WORLDWIDE INC
    •_ADVANCED FUTURES
    •_ADVANCEDFOREX.COM
    •_DAYTRADE 4 LESS
    •_EGLOBALFX.COM
    •_FOCUSFUTURES.COM
    •_GLOBALFUTURES.COM
    •_TRADINGINDEX.COM
     
  5. Xenia

    Xenia

    Global Futures (alias Focus Futures) now publishing their rates ?

    Good idea. Anyone opened an acount already ?
     
  6. Xenia

    Xenia

    They bought Advanced Futures a while ago.

    The other stuff is their domains and their "forex operation".

    www.elitetrader.com/vb/showthread.php?threadid=35599
     
  7. it is global futures.
    check their business address.
    the problem is that it requires you to open with a $20k dep.
     
  8. kalinka

    kalinka

    You also have to pay for the platform, X-trader Usd 650
    per month!
     
  9. Somtimes $20k=$10k :D Because Velocity futures accept
    $10k for their partnership.

    Yes, that's excluding X-trader fee, but including J-trader fee.
     
  10. Question: clarification

    With this "new" trading firm, using X Trader we'll have 0.75 + 0.75 + 2.32 (RT fees) plus 625 $ one exchange = 1.91 per side

    with Pats:

    J Trader = 1.25 + 2.32 = 3.57........1.785$ per side
    Strategy lite = 1.25 + 0.25 + 0.25 + 2.32 = 4.07...2.035 $ per side
    Ninja Trader = 1.25 +2.32 = 3.57 or 1.785$ per side + 50$ per months

    It is correct??

    and why Global Futures has a deep discount margin intraday ($500) and this "alias " ($1000)...I don't understand much....

    Thanks

    quintrix

    :confused:
     
    #10     Dec 24, 2004