IB lowering Eurex fees in January 2004?

[GeorgeSoros]

I sent a mail to IB management about the fact IB was not anymore a discount broker for Eurex as they are billing 4 euros roundturn on a BUND where competitors would typically bill less than 2 euros. I also mentionned in my mail that exchange fees for DAX, ESTX50 or Bund were not the same - but that IB price was not reflecting this at all. I received this answered yesterday from IB CEO :

"We are planning to publish an alternative, unbundled fee schedule in January.
tp"

Anyone knows more about this ?

 

[BlueHorseshoe]

Sounds less simpler, more cheaper.

I'll take it.

 

[0008]

Who bills for less than 2 euro?

 

[GeorgeSoros]

VelocityFuture, SpikeTrading to name a few. IB is not discount for futures anymore - usually they reacted quite fast to competition but they have been quite slow to react since 1 year...

 

[GeorgeSoros]

One of my colleague also told me one of the IB sales guy for professional advisor told him about this lower fees arriving soon. Unfortunately the new commission structure is unknown!

 

[hermit_trader]

Quote from GeorgeSoros:

VelocityFuture, SpikeTrading to name a few. IB is not discount for futures anymore - usually they reacted quite fast to competition but they have been quite slow to react since 1 year...

Do they require you to trade in high volume b4 they give you that rate?

 

[Transact Futures]

Do they have market depth on their software?