Any Futures Prop Traders/CME Seat Lessees

Originally posted by GATrader
One other thing....

If IB can't provide customer service at their rates of $4.8 How can anyone provide better service at less .. Even if they can, the rate will make traders move there in droves which will then flood their cust service in event of crash. You get the idea. I guess one word comes to mind-sustainability

Ffasttrade has 24 hr support around the globe. When the Chicago office closes the London office picks up. If you look at the website you will also notice that the CEO of ffastftrade is the Vice Chairman of the Chicago Mercantile Exchange Jim Oliff.
 
You can trade Emini Futures remotely through FFastTrade for a $550 a month system charge and only $.50 per lot Clearing and execution. They offer that through a very fast system over the internet.

They also offer a Bundled Package in their Trading Room that includes: CQG, JS Services Charting Package, High Speed Internet, X-Squawk Pit Quotes and the service of a highly regarded In-house chartist named Ann Todisco from Off the Charts. You also get to use their Training Software, which is extremely realistic. The whole package costs $2,000 per month plus $.50 per lot clearing and execution.

If you trade over 220 lots per day it would be prudent to Lease a seat and get Member Exchange Rates when you trade. $1.14 for non-members versus $.44 for members. Do the Math!
 
the ffasttrade.com rates look GREAT.... are these just intro teaser rates to build a customer base. As i remember elocal raised their rates dramatically after getting an initial customer base.
 
Assumptions: CME seat lessee @3,500 a month
software fee of 650 (TT)
DSL fee of 150
variable FCM commission and CME globex fee rebates
Retail commish: you know who
 

Attachments

(1) Review the information and press releases at the CME website. There have been several substantial changes over the last 1.5 years as the exchange adapts to the movement towards electronic marketplaces.
(2) Give the CME Membership department a call if you have questions: in the past they have been helpful.
(2) There are many changes coming to the Merc. Keep your eyes open and talk to more CME seat holders.
 
Originally posted by ertrader

In this market commissions are the key.......yesterdays market, nobody cared because everything was moving, remember us hitting limit downs, twice in one day, opening limit up every other day......when was the last time we hit the limits guys...????

This is my experience in equities. Low costs ARE the edge.
 
I do believe that lower commissions are key to certain traders yet I have also found that it only takes one bad trade through a discount broker to make such a statement false. Most traders are aware of the savings that come into play when discussing fees, but in my thoughts paying a little more may give the assurance that you are a bit safer in the event that you have an outage. I could go on and on, but saving money is all that seems to stem from this topic, not reliability.

Best,

Comp
 
Back
Top