Mac/refco Trading Services

[Lucky_81]

Does anyone know how much Mac and Traders Alliance charge for CME per rt inc exchange fees?

 

[twalker]

Alliance will be $0.14 over exchange to begin I believe.

1-25k would be $1.02 per round turn all in
25k-75k $0.92/rt
75k-150k $0.82
150k-250k $0.72
250k+ $0.62

I say this but Alliance clear through Fortis and when I last traded CME through them they had to clear through the Chicago office and added a premium for that of $0.15/rt.
I am meeting the chap starting Alliance today so I will ask him to confirm.

 

[NickBarings]

So Refco Trading services is paying

0.60 $ RT for FX products and

0.65 $ RT for E-mini's

in exchange fees, right ?

 

[twalker]

If you are subscribed to the European scheme it is as follows
1-25k 44c/side (88c/rt)
25-75k 39c
75-150k 34c
150-250k 29c
250k+ 24c

If you are in US I think you get charged a lot more. Reason for te reduction here is that they need to compete with LIFFE and Eurex to tempt locals into Eurodollar...It is actually working.

 

[NickBarings]

Twalker,



Am I right about the exchange fees
RTS is paying ? see above

Do they get reduced exchange fees
for Eurex ?

 

[twalker]

looks like these should be exchange fees yes. Not sure this is what RTS pay, I think they may charge that to clients.

 

[NickBarings]

That's what I found on the CME website for an equity/clearing member.

 

[twalker]

I think then this is the US rates

 

[NickBarings]

Is Refco Gibraltar paying more in exchange fees than Refco Chicago ?!

 

[phenomena]

Quote from NickBarings:

Twalker,



Am I right about the exchange fees
RTS is paying ? see above

Do they get reduced exchange fees
for Eurex ?

you are incorrect