One tick, not one point.
CME Micro Fees Going Up Already! 10 cents a RT! 2021
- Thread starter tradeking007yahoo
- Start date
One tick, not one point.
The CME Group fees IN GENERAL are just unconscionable IMHO....based on the volume they are doing...relative to European exchanges. They're very shrewd...they pegged the fee rates close to the European bourses when in fact they should be at a fraction of those fees.
Regarding the Micros:
E-Micro commissions and fees are about 300-400% higher than regular contract fees for equal leverage.
The brokers love them; the CME loves them !
I have to admit they are good for testing new strategies....but that's about it.
Regarding the Micros:
E-Micro commissions and fees are about 300-400% higher than regular contract fees for equal leverage.
The brokers love them; the CME loves them !
I have to admit they are good for testing new strategies....but that's about it.
Wait a minute here. Is the Indian exchange offering single stock futures or index futures or both ?
I find it hard to believe the volume there is higher than the CME !
Is anyone here trading on that Indian exchange ?
The National Stock Exchange of India grew 58% to 6 billion contracts traded in 2019, surpassing CME Group to become the world’s largest exchange. CME's 2019 volume in 2019 was 4.83 billion contracts, roughly the same as the prior year.
https://www.fia.org/resources/global-futures-and-options-trading-reaches-record-level-2019
i remember reading a gem of a thread on ET years ago about how almost all market gains are from the overnight session. That widened my eyes.
You are wrong. Not only good for testing, but also ideal to start real trading.
In the chart below:
- account size $5,000
- margin ES $5,000
- margin MES $ 500
- profits are reinvested to grow the account
- 189 trades were done with 2 points and 3 points profit and after (the new MES) commissions
I posted this already two times, but apparently nobody pays attention to that.
Yeah.....I guess I can't do basic math. Nobody is paying attention because we can't see the numbers and the assumptions.
Here you go: Clearly when you multiply the micro fees by 10, they are way above the regular contract.
ES, NQ, RTY, CL 0 - 2999 $1.23 $0.02 $0.75 $0.25 $2.25
ES, NQ, RTY, CL 3000 - 4999 $1.23 $0.02 $0.60 $0.25 $2.10
ES, NQ, RTY, CL 5000 - 9999 $1.23 $0.02 $0.50 $0.25 $2.00
MES,MNQ,M2K 0 - 2999 $0.20 $0.02 $0.25 $0.25 $0.72
MES,MNQ,M2K 3000 - 4999 $0.20 $0.02 $0.20 $0.25 $0.67
MES,MNQ,M2K 5000 - 9999 $0.20 $0.02 $0.20 $0.25 $0.67
Yes, they are above the regular contract. But the problem is that to add a new contract you need to wait till you made 10 times more money in the ES than in the MES. The MES will be able faster to add a new contract. By the time the ES can add 1 contract, the MES will already be at 24 contracts. So 20% bigger trading size for the MES.
The growth of your account is the result of frequency* amount of profit*size of the contract.
Just make a simulation yourself in excel. Compare $5000 in ES with margin $5000 and $5000 in MES with margin $500. So you trade the same amount but with 10 times more contracts (and 10 times more expenses) in the MES. In the 3 points simulation you will see that the account of MES will be bigger (after the 10th trade) than the account in ES till around the 300th trade. The advantage of the MES trades will be around 14K more net profits. Only after the 300th trade ES will be more profitable.
You can tell very easily who actually trades to win and who just runs their mouths on these boards. you are 110% correct. thanks
you are finally ticking me off ON. you got my POINT!