IB Lowers Futures Commissions

It must be getting late. The sentence should have been.

"I still think its overpriced"

Quote from ozzy:

I still think its still overpriced. If things go as planned I can see myself trading approximately 20 x 20 = 400 contracts /day on the CME if not more (sometime in the next year).

This is gonna cost me 400 x 4.22 = $1688 /day. This to me is ridiculous. Anyone have any ideas/suggestions on ways to get my commission structure down, aside from buying a seat on the CME which I cannot do anytime in the near future.

Thanks
ozzz
More...
 
Steve, what do you mean by
"Daily maintenance is down to about one minute. The reset lasts 20 minutes"

So is the system unavailable for 1 min or 20 mins ?

thanks

Quote from Steve_IB:

Daily maintenance is down to about one minute. The reset lasts 20 minutes, however for most exchanges you will only lose data for less than 10 minutes and native orders will work. The downtime primarily affects simulated orders at the moment


SethArb.
Commission example, if you trade Eurostoxx futures on Eurex. With the bundled commission you pay Eur 2 per side all-inclusive With the unbundled, assuming you do not carry positions overnight, you pay Eur 1.31 going down to Eur 0.56 per side inclusive of all exchange fees.

(NB i've just noticed that the unbundled vs bundled comparison has not yet been updated on the website)
More...
 
Quote from simki:

Steve, what do you mean by
"Daily maintenance is down to about one minute. The reset lasts 20 minutes"

So is the system unavailable for 1 min or 20 mins ?

thanks
More...

The reset time is 23:50-00:20 EST. Accounts are reset on a sequential basis during this time and you will experience about one minute outage.

During this time full-service is not available, for example IDEAL-Pro data cannot be seen for about 6 minutes. But you should still be able to place native orders on all markets.


Quote from 50 cent:

Bundled mini Dow stays the same :(
More...

Only unbundled rates have been reduced. I do not think that we have any plans to reduce the bundled rates. The unbundled rates will be 10-20 cents lower than previous.
 
I think there is an error in your pricing for SGXNK

Bundled: Y300
Unbundled: 500 execution + 150 clearing -250 exchange&fee adjustment + 0 regulatory = 400

I think that someone made an adjustment for the execution cost but forgot about the clearing cost. Or is the unbundled supposed to be 100 over the bundled sub 300 price?
 
Quote from rationalist:

I think there is an error in your pricing for SGXNK

Bundled: Y300
Unbundled: 500 execution + 150 clearing -250 exchange&fee adjustment + 0 regulatory = 400

I think that someone made an adjustment for the execution cost but forgot about the clearing cost. Or is the unbundled supposed to be 100 over the bundled sub 300 price?
More...

That's correct at the moment. With the unbundled most of the time it is cheaper than the bundled if you are daytrading, however, there are a few contracts where this is not the case.

Having said that, we will be adjusting our JPY prices very shortly. I'll post an announcement when we do.
 
steve ... so IB might update any examples on website in next few weeks ( i.e. bundled vs unbundled )

also ... could you estimate the volume threshold where it makes sense for a retail trader to go to unbundled instead of bundled in USA exchange based futures ?
 
Quote from SethArb:

steve ... so IB might update any examples on website in next few weeks ( i.e. bundled vs unbundled )

also ... could you estimate the volume threshold where it makes sense for a retail trader to go to unbundled instead of bundled in USA exchange based futures ?
More...

Seth,
Yes, we will probably add a comparison shortly.
As for a threshold, i can't comment as it all depends on which contract you are trading. There is no firm rule.
 
You must log in or register to reply here.
Back
Top