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agriculture future firm
- Thread starter kelly55
- Start date
A lot depends on your volume and whether you're trading pit-only or not. Lind-Waldock was $7 for NYBOT. I got a bit better from Man through Vtrader Group.
Of course, IB now offers electronic everything at CBOT (wheat, corn, oils, etc) and they're pretty hard to beat.
Of course, IB now offers electronic everything at CBOT (wheat, corn, oils, etc) and they're pretty hard to beat.
I checked website, but which part of website is the comission mentioned?
http://www.lind-waldock.com/
http://www.lind-waldock.com/
Wheat generally has lower exchange fees and therefore lower commissions by a dollar or so.
That $7 is each way, so buy is $7, sell is another $7.
If you're just interested in CBOT grains, Interactive Brokers has $3.05 each way commissions on the electronic contracts (and $4.00 for pit traded).
That $7 is each way, so buy is $7, sell is another $7.
If you're just interested in CBOT grains, Interactive Brokers has $3.05 each way commissions on the electronic contracts (and $4.00 for pit traded).
You should read up on futures contracts a bit. If you bought 100 wheat contracts, a single tick move would be $1250. A 1 cent price change in wheat would be $5000 in profit or loss. A typical day in wheat will see a 5-10 cent change.Quote from kelly55:
I think that comission is expensive if compared with stocks comission,
what do you think?
In wheat, a single contract is 5,000 bushels, and the price quote is in cents per bushel.
You'll find similar multipliers for all futures contracts.
Each contract also uses $935 in initial margin. 100 contracts would require $93,500 in performance bonds to be posted.
On top of that, if you bought 100 contracts, you'd be only a few contracts short of the reportable position limit.
You can find all of the relevant multipliers, price quote sizes, position limits, and margin requirements on the CBOT, CME, and NYBOT web sites.
(You should read up on futures contracts a bit. If you bought 100 wheat contracts, a single tick move would be $1250. A 1 cent price change in wheat would be $5000 in profit or loss. A typical day in wheat will see a 5-10 cent change.)
If I buy 1 wheat contract, a single tick move would be $12.
A 1 cent price change in wheat would be $50 in profit or loss.
A typical day in wheat will see a 5-10 cent change.
So if move 5-10cents, profit or loss will be $250-500 per day.
That is good working,
If security amount for wheat 1 contract price is less than $1,0000.
If I buy 1 wheat contract, a single tick move would be $12.
A 1 cent price change in wheat would be $50 in profit or loss.
A typical day in wheat will see a 5-10 cent change.
So if move 5-10cents, profit or loss will be $250-500 per day.
That is good working,
If security amount for wheat 1 contract price is less than $1,0000.