ANNOUNCING ECHOfutures

[wally_]

Quote from LA ECHO:



Yes, it works over the internet if you are not on our network. Please contact me for a demo or see http://www.patsystems.com/ for a 'canned' demo.

I am based in LA and trade ES. Who do I need to contact to work for your firm? Are you in Santa Monica or in LA?

 

[LA ECHO]

Quote from wally_:



I am based in LA and trade ES. Who do I need to contact to work for your firm? Are you in Santa Monica or in LA?

The ECHOtrade LA office is in Santa Monica. Downtown at 5th and Santa Monica Blvd. You can call me for info 310 451-3354.

 

[LA ECHO]

Quote from VictorS:



Why the PM? Others here are interested in this response.

The reason for the PM was that I wanted to know that traders volume before quoting him a rate. The standard desk fees for futures only traders IN AN OFFICE are $200/mo.

 

[FX-Trader]

ECHOtrade LLC, is proud to announce the worldwide launch of ECHOfutures.

ECHOfutures maintains the high level of reliability, speed and service the professional trading world has come to expect from ECHOtrade’s equities based products. Using the industry standard J-Trader platform, ECHOfutures delivers $2.99 per contract pricing, NO software fees, professional margin requirements, and 24-6 dedicated support, while providing lightning-quick access to ALL contracts on the CME, CBOT, EUREX, LIFFE and OneChicago (single-stock futures).

Very stupid question: Why don´t you write: $2.99 per contract (incl. all fees) ?

 

[LA ECHO]

Quote from FX-Trader:

Very stupid question: Why don´t you write: $2.99 per contract (incl. all fees) ?

I didn't realize that it was confusing or ambiguous. Futures commissions are 2.99 a side. THERE ARE NO OTHER COSTS.

 

[Simba]

Quote from profitseer:

2.99 minus 2.40 = .59 times 100 rts = $118 times 5 = 590 times 50=$29500 per year.
What else did you say they offer?

Comparing the commission between IB and Echo (or any comparison between two brokers) would require to take into account the cost of charting and datafeed. Since IB does not provide any charting platform, this cost has to be added.

For example: Trader A uses RealTick, which costs $300 per month, with IB; Trader B uses Echo Futures at $2.99 per trade (vs. $2.40 at IB). Trader B could make 508 trades per month and still come out even [300 / (2.99 - 2.40) = 508]. Making less than 508 trades per month, Trader B would pay less; making more than 508 trades per month, Trader A would pay less -- the cut-off in this example is about 13 round-trips a day.