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Def, is that $1 per side or round turn?

vikana - quote: "the CME has about 3 month of free intraday data. So that's a starting point." I looked all over the CME site for this and could not find it. Would you please include a link or tell me what section that it is in. Thanks, Haas

itrade1 - I am interested in the situation you describe above. I do pretty good volume and could use a better rate. Can you forward the info on to me at my email address? johnhaas87@hotmail.com Thanks for the help. Haas

base-hitr You mentioned that your broker, who uses J-Trader, is "probably the cheapest". May I ask who your broker is and what their commissions are? Thanks a lot. Haas

Jaba122, WarEagle & Bond Trader - Thanks for the replies and ideas. I am going to contact some of the larger "local" clearing firms in Chicago (such as GHCO) and try to get some information about this.

I came across a proprietary futures trading firm in Chicago a few months back. I can't remember the firm's name and find no satisfaction when searching the internet. Does anyone know any firms that back futures traders - in Chicago or elsewhere? It seems kind of strange that it is easy to...

Is anyone familiar with this? http://www.localknowledge.com/ They offer an e-mini package for $59 per month which includes charting capabilities. I have been looking for the best charting alternative for someone that focuses solely on trading the emini contracts. I have been checking out...

craigross - Do you offer daytrading margins? Is the $4/side all inclusive (ie. are exchage fees additional)? I am looking for a back up broker and do not anticipate being very active in my secondary account. Do low activity accounts also qualify for the $4 rate. Thanks. Haas

juggernaut - The daytrading margin is a very good point. If the capital is hardly going to be used, it would be nice to keep the slimmest margin possible. I feel dumb for not thinking of that!:p I have read the complaints about IB's futures quotes being very slow/unreliable on occasion...

I came across this too. Here is the site. Click on "resources" and then "law of charts" to go to the lesson on hooks. Not my kind of trade, but maybe it works for some scalpers. http://www.tradingeducators.com Haas

I have not seen this price change reflected on the IB website yet, so I sent a chat message to IB help desk and asked if they had lowered their futures commisions. The person I got hold of had not heard anything about this. Maybe the price change is imminent, but it seems strange that it is...

I have decided to go with IB for my futures account. Timing is nice with the rates going down to $4.80 RT. The big worry is that when system problems arise that I will not be able to reach them by phone to work out of positions. From what I have read on this board, customer service is not...

I came across this site that has a Q&A format that says that the low commissions could be temporary and FutureWise will add exchange fees on to the $2.50 per side after September (date?). Does anyone know how much this will increase commissions? I'd like Futurewise to address this. Since...

mbradley - Since the content on their website is very minimal I am not sure what contracts they trade. Do they trade Eurex, Liffe and all the main US, including the emini's? How do you like their charting and is it delayed or real-time. Thanks. Haas

I came across this futures brokerage firm called FutureWise Trading Group. I found them on a website where a guy named Donald Johnson reviews online commodites brokers. http://www.sonic.net/donaldj/futures1.html This broker offers $5 round turn for any futures contract online or over...

stockoptionist - Just a thought. I am trying to learn more about the best filing status/tax strategy for futures traders. I still do not have the whole picture, but I have learned a few things - one of which seems to relate to your situation. I know that MTM filers are not held to the...

tymjr. It is hard to find info on tax treatment for futures daytraders. Thanks. Haas

DaveN - Thanks for the reply.....that was my first posting, so it was nice to get some feedback. I agree, the IB and elocal futures rates do work out to be cheaper to trade than QQQ/SPY/DIA's. The economics of the pit locals' rates (50c a side or lower) allow them to scalp for single ticks...

It's a shame that elocal raised their rates. It looked like they were giving IB a "run for their money" on futures commisions. Besides IB, it seems that futures commisions are still volume based and negotiated for the most part. I always dreamed of being a local in the bond pit in Chicago...

Does anyone know what an active futures trader would do about MTM status. As I understand it, the upside is that one would be relieved of the $3,000/year loss limitation , the downside is that all proceeds would be taxed as ordinary income instead of the 60/40 preferential gains treatment that...