Mini Dow commisions

Commissions, you mean? (Fees are charged by the exchange and NFA and don't vary except for exchange members.) You'll be hard pressed to beat FfastTrade.
 
I currently pay 4.12 a round trip with IB and would definitly like to do better as I often trade 40-50 contracts per day. To me this is not a good rate when you factor in that you are trading at $5.00 per point. Electronicly we can now trade like pit scalpers but the commissions that we are charged is the killer.

Ron
 
Well, yes and no. The point moves should be more with YM. But I see your point. Actually there is a way to evaluate this mathematically, but I am too lazy. Someone could probably post the commission correlation, if were lucky.

Michael B.


Quote from roncer:

I currently pay 4.12 a round trip with IB and would definitly like to do better as I often trade 40-50 contracts per day. To me this is not a good rate when you factor in that you are trading at $5.00 per point. Electronicly we can now trade like pit scalpers but the commissions that we are charged is the killer.

Ron
More...
 
I use to trade full size S&P contract in the 1980s at around $25 a

RT. The contract value was $500 a point. Now to trade the

equivalent amont in e-minis would be 10 contracts at about a $48

commission cost. So now we are electroically fast with practically

no slippage but the brokers are taking almost twice as much in

commission and I believe a lot of traders think the rates are

better now.

Ron
 
Quote from roncer:

Is that with IB? Does it apply for both e-mini and Dow mini (YM)?

And that is 1000 per month?

Thanks,
Ron
More...

that is with IB. ES would be 2.27 including fees for beteen 300 and 1000 contract per month. The fee sliding scale fee schedule is on the IB web site.
 
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