cheapest futures commission

Quote from itrade1:

I know of an IB out of Chicago that can beat anyone. They have a great relationship with GNI who clear mostly floor traders.
At first I thought everyone could get a $4.00 or under rate- but now I understand it's based on volume. They also have ways of working under a 106-J umbrella to really getting the RT's down. There are a few traders currently trading 300-1000 cars per day and they are getting unbelievable rates with stellar service. I know they can support TT's X-Trader, Prop Trader, GL and Leoweb. Let me know if you are interested and I will forward the info on to you. I am a former local in the S&P Pit and I currently turn for around $4.00. Check out the link below and you can see how CME Seat owners get a deep-dish discount. IB is low but try to get in touch with them if you have a problem. HA!



http://www.cme.com/risk_management/clearing_house/106firmfees.cfm

:)
More...


Hmm.. Interesting. I've started to do volume on CBOT products. Bond futures stuff ZB and ZN(10yr). I love the liquidity of ZN. And I started to scalp YM heavily too. Though I wished it was more liquid. But it's getting there.

Do you know if IB out there has a similar deal for CBOT products or just CME products? I thought CBOT and CME had a deal to do clearing together?

Can you tell me rates? Can you get it to $2 RT if someone does heavy heavy volume?

Any prop firms out there can do $2RT? If someone does a few hundreds RT a day?

I'm testing out a new scalping system. I also have a trend system which is obviously less transaction.

I'm sure all you prop shop out there would love to hear this. If you guys can get to around $2 RT then respond.

haha!

99
 
If you are doing a few hundred CBOT contracts/day, you would probably save money leasing a seat & trading at member rates in a primary clearing acct. The CBOT website has all the membership info available.
Jessie
 
quote from Can you tell me rates? Can you get it to $2 RT if someone does heavy heavy volume?

Any prop firms out there can do $2RT? If someone does a few hundreds RT a day?

I'm testing out a new scalping system. I also have a trend system which is obviously less transaction.

I'm sure all you prop shop out there would love to hear this. If you guys can get to around $2 RT then respond.


More...
The best solution would be to start your own prop firm with some other high volume traders.
 
If you are looking to get lower commissions, starting as low as $3.90 per RT, and going down to $2.52 per RT, goto Velocity Futures Website commission schedule at:

http://www.velocityfutures.com/commisions_schedule.html

Velocity is new as a sponsoring broker with Elite Trader and will offer special rates of $3.00/RT for any volume to Elite Trader customers for the first month that you trade.

Velocity Futures is an FCM and offers X-Trader by Trading Technologies for $500/month. We can offer also a simulator for CME and Eurex for you try the product out.

Jay
 
You must log in or register to reply here.
Back
Top