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Each of those firms have their own Automated Trading Systems. The fees are still aimed at them. A retail ATS could not create a model that inputs and pulls trades as fast as Archelon's, Timberhill's or Hull's. Because of the amount of activity that these firms put through, Eurex is forced to...

qdz2, Market Makers get lower execution fees if they answer a majority of the RFQs on a consistent basis. Most firms have an autoquoter that submits a two sided quote around Theoretical value in the Options. iRFQs aren't really necessary in the liquid futures markets. Some Option Market...

I am not just talking about Market Maker fees, because the fee structure has always been aimed at Automated Trading systems. I can send the entire PDF explaining the NEW fees if you want it. I couldn't post it though, because it is too big. They are basically the same as the fees before...

Stocks or Futures?

Def, I wouldn't be too sure that I am wrong, but you may have a different contact at Eurex than me. I asked a point blank question to the ASP contact person at Eurex: What are these fees aimed at? He told me flat out that it is aimed at Data Centers and trading firms that tailor to a...

SMW has been around the Chicago Markets for a long time and they have some very good traders. I would say that anyone that describes tham as part of the crowd that is a "dime a dozen" doesn't know what he is talking about. SMW could be clustered in the top 10 firms in terms of stability and...

Talk to some of the Eurex Marketing people and their strategy for the next few years is to compete with the US exchnages on all fronts: Retail and Institutional. They charge these fees because Eurex is overrun with Automatic trading systems. Autoquoting in both the Options and Futures...

Take a look at FFastTrade's rates: $1.70 to $3.70 round trip depending on the Exchange. Eminis are $3.32 Round Trip, but you get four exchnages for $550 per month. These are not unbelievable rates. That's 7 cents less than FFastTrade for minis. Price competition is Good for the...

Are there any other Trading Applications using Citrix Metaframe Software technology other than FFastTrade? I am interested in comments about Citrix from the Techie posters. Thanks for any feedback!

CGjung, Try to do a latency test. I don't think that 236 milliseconds is acceptable. Citrix metaframe allows you to set up a performance monitoring program for all copnnections and the highest I have seen on there was 240 milliseconds for a guy that was trading over a dial-up from Scotland...

Nicely Done! This is definitely a good article to start with.

No!

Market Making isn't trading! That's the most ridiculous post I have read yet! Where the F*&%% did you come from? Marketsurfer, Susquehanna would be a Great firm for someone getting out of College with a very good grasp of Quant. and Econometrics. They have become a real force in...

Goldenarm, www.nationalfutures.com John Person is an expert in Pivot Point analysis and you can get info on the above website. You can PM me fopr some info about Tony Laporta from the CME exchnage floor. He provide numbers and daily analysis to a large group of traders on the Exchange...

Help me out here! Am I missing something. I had my system set up this morning for the numbers and they did not come in until well after the Reports were known to all. Maybe I am missing something! Most people want to be geared on the News at 8:45 or whatever and see the report...

I am using Briefing.com at home and have found that it is not LIVE News. It calls its news LIVE HEADLINES and basically you get the news after the fact. This is definitely not in a League with Reuters or Bloomberg. Good commentray though! Riskless

Exchanges set the INITIAL MARGIN and MAINTENANCE MARGIN! FCM's set the INTRA-DAY MARGIN that IB's are allowed to extend to their clients. Some IB's are NCMs and they can have an Omnibus Agreement with their FCM. This allows them to offer a greater degree of leverage to their clients...

Very well put! There is no qeue when you hit a bid or for that matter hit a price well below of above the last traded price. This guy better get it straight before he blows a gasket! Riskless

On systems that allow Traders to single click trade from depth, you can set the slippage on stops as a default. I believe that TT and I know FFastFill allow the trader to set his slippage in Preferences and then just double click on a price to enter a Stop with a default limit. These trades...

You can get short the Stock!!! It trades on the New York and it's symbol is CME. Probably, not a bad idea!