It is otherwise known as being part of friction costs
Cost to trade futures always going up, while equities 0.00 commision.
- Thread starter VEGASDESERT
- Start date
What do you mean? Retail brokers give you 4x leverage, no added fees.
If you're talking about prop type stuff, thats a different story.
I'm talking about the common at home trader trying to break into profitability.
Fees?.... you should thank god you're not trading from Europe !!
The uninformed in the US i.e. retail traders are completely clueless to how lucky they are.
Why? Because of PRIIPS?
To be honest, I don't understand why the fee increase would be delayed because of COVID. The markets are still going to move the same, virus or not, so the opportunity to make money is still there.
If the virus didn't exist, what other excuse could we have tried to "delay" the increase? The market would have been in a dead zone of sub-10 VIX readings, so there was no chance to make money?
But then again, why raise the damn fee NOW? Aren't they being a little insensitive? BTW wasn't it just a few months ago they raised the price (both data and exchange fee)?
They had this planned way before the COVIDS hit US shores.
https://www.elitetrader.com/et/thre...-transaction-fees-effective-2-01-2020.339954/
I never did see the notice back then about the bundle increase, but I guess I was not signed up for that notice-type.
It was what a whole dollar a month increase? In 1995 I paid over $500 a month for real time data, that’s like $875 today.
It's like $31 now for all futures exchange. In the bigger scheme of things, trading futures, it's fine. I am annoyed too, especially since it should be free as we are depending on this data to actually place trades which generates revenue for CME.
But I did notice AMP now has a $4/month thingie for all exchanges if you don't need market depth data. I was thinking about it, and realize that I don't really use it (no analysis based on DOM data; Don't look at it really when placing order etc. I do take a look at it and marvel how thin market has become, but that's the philosophizing part, not while placing trades). So you can actually reduce the fee from last month's $15 to $4 now. I might. Or may not
But I did notice AMP now has a $4/month thingie for all exchanges if you don't need market depth data. I was thinking about it, and realize that I don't really use it (no analysis based on DOM data; Don't look at it really when placing order etc. I do take a look at it and marvel how thin market has become, but that's the philosophizing part, not while placing trades). So you can actually reduce the fee from last month's $15 to $4 now. I might. Or may not