Cost to trade futures always going up, while equities 0.00 commision.

Overnight said:
You're assuming that every ES futures trade is for 1 tick...?
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Well, since he is asking about a 25% tax, probably 1 point lol
Edit: no, 1 tick it is. My bad

Look Vegas, look for more points average per trade, okay?

If not, and you have a high number of trades with low profit per trade, lease a seat. Here https://www.cmegroup.com/company/membership/membership-and-lease-pricing.html

And then pay lower fees. Like $0.21 cent CME fee instead of $1.23 per side
https://www.cmegroup.com/company/clearing-fees.html

I too will like to pay no fees & trade for free. Ain't gonna happen
 
DarthSidious said:
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

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Data fee is no big deal. Why the f are they raising the exchange fee so often?
 
Yes, the option you are speaking about is called Top of Book only, and that is what I have used for years. Just the best bid and offer and the number of contracts at each. I found 10 deep DOM became a noisy distraction, and I don't miss it.
 
VEGASDESERT said:
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.
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I was not aware that Stocks brokers now provide 4X without any added fees.
I thought they charge for leverage and short selling.

Futures are leveraged at higher notional (2500X50) for example on the ES.
This is 10X (approx. nowadays) versus their margin, and if you get lower day trading margins, then your leverage is higher (not encouraging overleveraging, just comparing notional funds).

As far as the cost of the CME on data, I am not a fan, and I am sorry traders who actually risk their capital daily (who trade REAL funds) need to encounter higher costs. I suggest to narrow it it it down to the exchnages you need only.
 
MattZ said:
I was not aware that Stocks brokers now provide 4X without any added fees.
I thought they charge for leverage and short selling.

Futures are leveraged at higher notional (2500X50) for example on the ES.
This is 10X (approx. nowadays) versus their margin, and if you get lower day trading margins, then your leverage is higher (not encouraging overleveraging, just comparing notional funds).

As far as the cost of the CME on data, I am not a fan, and I am sorry traders who actually risk their capital daily (who trade REAL funds) need to encounter higher costs. I suggest to narrow it it it down to the exchnages you need only.
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4x intraday, 2x overnight per Reg-T.

But yeah, I think CME is a long term short here.
 
PoopyDeek said:
4x intraday, 2x overnight per Reg-T.

But yeah, I think CME is a long term short here.
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If you look at their volumes now, and the fact that professionals pay X10 for data, you are brave to short it. Just my opinion.
 
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