anyone using nymex membership to save cost? what are the savings than non-member?

MoreYummy · Apr 7, 2010

anyone using nymex membership to save cost?

What are the savings than non-member RT cost?

bone · Apr 7, 2010

I have a client who just bought a Nymex seat - the commissions are a driver, but so is the capital gains parking spot.

I have paid as low as 55 cents all trading about 60K contracts per month (120K total).

MoreYummy · Apr 7, 2010

0.55 per side including everything?
If so, that's nice saving.

bone · Apr 7, 2010

Yep. 0.55 per side. But I also trade a few thousand buys and a few thousand sells per day.

MoreYummy · Apr 7, 2010

i see, looks like spread trading is very scalable.

What major contract can you trade under nymex's memebership?

they only have nymex and nymex option.

bone · Apr 7, 2010

Crude Oil Calendars, Nat Gas Calendars, HO Cracks, RBOB Cracks, HO Calendars, RBOB Calendars

'Calendars' includes butterflies, condors, and strip strategies of all sorts.

startraitor · Apr 7, 2010

Rates go from $1.45/side for non-members to $.45/side for members/leasees. That is exchange fees only, your broker marks up from there.

http://www.cmegroup.com/company/files/CME_Globex_Fee_Schedule.pdf

MoreYummy · Apr 8, 2010

thx, exactly what i tried to find.

It seems nonmember dont have intraday price...

ogarbitrage · Apr 9, 2010

bone, you trade otc at all?

bone · Apr 9, 2010

Clearport and ICE goes through Man F.

Financially-cleared OTC swaps.

Used to do alot of bilateral physical OTC back in the day with ComEd.