in micro gold it will now cost 1 FULL POINT to get in and get out . yup 50 cents a side in the GOLD MICRO!
and guess what it will be 2 dollars ROUNDTRIP for MICRO SILVER!!!!! not kidding!!!
sure i agree except the HFT cannot wait for the day that there are competing CME exchanges! this way the voluems a retail trader sees will not be correct like they are now and the hft will be able toprofit even more!!
The CME should be reducing fees across the board in order to get more trading but because they are in bed with the hft and some of the directors are owners then they make even more money from the side VIG!!
I am all for BIDEN to compleetley tax the shit out of FUTURES ..lol since no one else seems to care about fees why not just make so expensive that no one trades em!
Look at the MICRO gold and micro silver fees how much of an increase!! why?
Because retail is scalping the shit out of MICRO GOLD you can catch a tick and be profitable! and the CME does not want that at all because then you compete with the HFT
They will never do away with stock index futures. Thats how they get the cash stock indexes higher overnight. Just about all of the stock indexes gains come from juicing the stock index futures up in the overnight futures session.
the micro's are a dream come true for automated systems guys to test their models with before moving on to the mini. i am super happy the micro's exist, and see no reason the cme should be gouging with ever increasing cost.