How much does Man financial charge for commissions and platform fee for emini and pit traded s&p future?
Thanks,
Thanks,
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Man Financial
- Thread starter Gin_N_Tonic
- Start date
Quote from CPTrader:
Can any CTAs/hedge funds who currently trade through Man or have in the past share their views on their trading platforms, customer service, commission rates, reliability, etc,.
Thank you.
I currently manage 6 client accounts at Man, they are the only accounts that constantly give me headaches. All European indices, given into them ( I execute all biz on 1 platform and give up to multiple accounts at multiple FCM's) is a guaranteed minimum 1 day late being posted, usually 2-3 days..then it may be punched incorrectly buys as sells, cac as fib, the list is endless!!
Of course Man blames the executing broker for not giving up correctly or in time....but all my other accounts receive trades correctly...if that doesn't work then Man NY blames Man LND, or Frankfurt/Paris...
If I could choose where my clients clear, I couldn't recommend Man from my experience. That being said, its just my situation, the company size, security,coverage & service points stand true, if thats what your looking for!
Quote from fitrol:
I currently manage 6 client accounts at Man, they are the only accounts that constantly give me headaches. All European indices, given into them ( I execute all biz on 1 platform and give up to multiple accounts at multiple FCM's) is a guaranteed minimum 1 day late being posted, usually 2-3 days..then it may be punched incorrectly buys as sells, cac as fib, the list is endless!!
Of course Man blames the executing broker for not giving up correctly or in time....but all my other accounts receive trades correctly...if that doesn't work then Man NY blames Man LND, or Frankfurt/Paris...
If I could choose where my clients clear, I couldn't recommend Man from my experience. That being said, its just my situation, the company size, security,coverage & service points stand true, if thats what your looking for!
Thanks for the insights.
Would you be kind enough to share your trading platform of choice and your FCM of choice. Thanks.
IMHO, man is open to suggestion on commis if you trade the volume.
Personally, I'd rather clear thru a firm that has a high probability of being able to take a real hit from a client, and open the next day than firms that have almost nil commissions, but can get wiped out by a client. Balance sheet risk, to me, is important.
But many disagree with me, so to each his own.
Personally, I'd rather clear thru a firm that has a high probability of being able to take a real hit from a client, and open the next day than firms that have almost nil commissions, but can get wiped out by a client. Balance sheet risk, to me, is important.
But many disagree with me, so to each his own.
Good points. The problem though is that there are strong firms (REFCO for example) that can do MUCH BETTER than MAN in terms of commissions and service.
The issue though, at least for me is finding a firm that is strong on both the futures and equities side. Currently only IB seems to have good capabilities on the equities side and futures side, but I am concerned about their customer service and their TWS paltform is a little too complex/busy for my tastes.
The more I think of it I think there is a void in the market place for a "new IB' that will match IB on fees, have a simpler platform and beat them on service.
It is sad that in a multi-billion dollar industry the options seem so limited.
The issue though, at least for me is finding a firm that is strong on both the futures and equities side. Currently only IB seems to have good capabilities on the equities side and futures side, but I am concerned about their customer service and their TWS paltform is a little too complex/busy for my tastes.
The more I think of it I think there is a void in the market place for a "new IB' that will match IB on fees, have a simpler platform and beat them on service.
It is sad that in a multi-billion dollar industry the options seem so limited.
Quote from tomcole:
IMHO, man is open to suggestion on commis if you trade the volume.
Personally, I'd rather clear thru a firm that has a high probability of being able to take a real hit from a client, and open the next day than firms that have almost nil commissions, but can get wiped out by a client. Balance sheet risk, to me, is important.
But many disagree with me, so to each his own.
There are few indy specs out here. For retail, even etrade is jumping into the game. For larger desks, its all in-house stuff.
I used to trade equities, futures, options ets etc and found it too exhausting. I now focus solely on futures, I like the T+1 settlement, and no worries about weird fills etc. I make about the same with 50% of the effort and live a healthier life.
I used to trade equities, futures, options ets etc and found it too exhausting. I now focus solely on futures, I like the T+1 settlement, and no worries about weird fills etc. I make about the same with 50% of the effort and live a healthier life.
To CPTrader
If you do not like complexity of TWS, I would suggest to try any of 3-rd party tools that work with us http://www.interactivebrokers.com/en/software/tools/commercialToolsDisclaimer.php?ib_entity=llc
Our CS was criticized a lot on this board but many customers are happy. You can estimate it only from your own experience. Open an account and try.
If you do not like complexity of TWS, I would suggest to try any of 3-rd party tools that work with us http://www.interactivebrokers.com/en/software/tools/commercialToolsDisclaimer.php?ib_entity=llc
Our CS was criticized a lot on this board but many customers are happy. You can estimate it only from your own experience. Open an account and try.
Yes, I know ...
Did You Know ?
Some brokerage firms REQUIRE you to maintain a secondary trading platform in the event that their platform goes down ! If you have open orders and can't access their online system, you are simply out of luck if you didn't have a secondary account somewhere else ! Man Financial stands for stability in the futures industry - whether you are a full service client or an online trader, we offer a 24-hour support desk.
Source: www.manfutures.com