cheapest futures commission

Risk Less · Feb 4, 2003

PM me if you are interested in FFastTrade's rates. We start at $3.32 with bthe $550 per month charge and start tio disount at 10,000 lots per month.

Look at our link on the Self employment thread. We provide all of our rate info, with a calculator to compare it with others. We also have many clients that hold seats in order to get an even lower rate.

Riskless

Quote from Funster:

I am looking for the cheapest commission deal out there for globex emini s&p500 contracts.

IB is alright at $2.40 per side, but I want cheaper if I do serious volume.

I remember someone telling me about a broker that will do it for a lot cheaper for good volume. Can't remember where I heard it though.

It only costs a cme seat owner $0.33c per trade so come on is there any sensible brokers out there that aren't blinded by greed?

Even 66c per side would be 100% profit. Greedy buggers!

0008 · Feb 4, 2003

Quote from def:

you'll have to be talking very serious institutional size for it even to be considered.

What is the definition of 'very serious institutional size'? 5000 ES contract per day? Or 50000 NQ per month?

def · Feb 4, 2003

Quote from 0008:

What is the definition of 'very serious institutional size'? 5000 ES contract per day? Or 50000 NQ per month?

I'd consider both serious size (should add as well if someone is a member, they would be subject to lower fees as well).

PuffyGums · Feb 4, 2003

If one is doing enough volume to make membership worthwhile, then thats a whole other situation. I was referring to retail type traders doing... lets say 2,000 to 3,000 round turns a month. Could that rate a discount of 50 cents a side?

Maybe IB could start a 106 prop group for emini scalpers who need the lower clearing fees because of they way they trade.

SpotPrice · Feb 4, 2003

A 106.J doesn't allow traders to put their own money at risk therefor it would not be likely that IB could do that. Most 106.J train traders, then only after they demonstrate a certain degree of trading ability do they let them go live.

SpotPrice · Feb 4, 2003

You can not put up money to trade at a 106.J no way no how.

Risk Less · Feb 4, 2003

106-J firms must W-2 their traders!

SpotPrice · Feb 4, 2003

yes, traders at 106.j's don't get the futures tax benefits

spreadem · Feb 7, 2003

What the %&* is a 106.J ?

Risk Less · Feb 7, 2003

106-J is designation that the CME gives to a Prop Group.

Check out the link to the CME website.

It is actually a 106H, I or N!

http://www.cme.com/about_cme/shareholder_member/about_shareholdermember_firmmembership.cfm

Quote from spreadem:

What the %&* is a 106.J ?

cheapest futures commission

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