customary commission rates as a trader in a firm

C

cohvi

Hi,

What is the common commission paid by the trader in a traders firm for futures on indices?
As oppose to the regular private commission of 5$-10$ per round trade.

I'm asking this because I'm developing a fast trading system for trading futures, but the normal commissions will kill me.

Hope you understand my question.
Thanx.
 
Cut which in half:
10/2 = 5$
5/2 = 2.5$
Which of the above for round trade (enter+exit)?
I thought something more like 1-2$
?
 
exactley... $2.50-5.00 RT according to your volume...


Quote from cohvi:

Cut which in half:
10/2 = 5$
5/2 = 2.5$
Which of the above for round trade (enter+exit)?
I thought something more like 1-2$
?
More...
 
Quote from cohvi:

A big trading house can only give his brokers 2.5$?
It sounds a lot.
More...

u shud be able to negotiate $1 or less rates, dependin' on volumes--check global futs for a start.
 
Quote from cohvi:

Now youre talking.

Last nage -
the volume is about 150 lots per day (round trades), so I'm guessing 1$ is ok.
More...

not sure it is enough, i think u need to trade 300-500k lots a month to get that rate. i suggest u to check anyways--go to global website or get in touch with gioacchino: he's a sponsor here...add him to your buddy list and from there u can send him a pm or go the website get the tel number and get in touch with 'em directly.

disclaimer: this is not an endorsement to join any broker...there are many out there that offer good deals; use the search function and make up your mind.
 
You must log in or register to reply here.
Back
Top