Don, with as much money as you have at GS, why would they not let you trade futures? Or are you saying as a firm you simply don't want to make them available. Bob trades the e-mini right? Who does he clear through to make those trades?
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Questions for Don Bright
- Thread starter Maverick74
- Start date
Don, with as much money as you have at GS, why would they not let you trade futures? Or are you saying as a firm you simply don't want to make them available. Bob trades the e-mini right? Who does he clear through to make those trades?
LOL. Touche.
Quote from Maverick74:
Hey Don, I started a general thread for you. Just like your monthly column in TASC that you do. Now no need to worry, I didn't start this thread to "sandbag" you.
However.......I do have a question for you. I see you are going to be doing one of your marketing events with the "Denver Trading Group" next week. In your advertising piece you mention this "Leveraged ETF's - better than Futures for scalpers."
I was wondering if you could expand on this. I personally think they are a horrible product and far inferior to futures if you want to scalp. But that is my opinion and perhaps others will disagree with me. Just wanted to hear your side of the debate. Others can feel free to weigh in as well.
Quote from Maverick74:
Don, with as much money as you have at GS, why would they not let you trade futures? Or are you saying as a firm you simply don't want to make them available. Bob trades the e-mini right? Who does he clear through to make those trades?
The CME seat is in Bob's personal name. He gets a daily cap rate, so it makes sense for him to trade them. I trade them a bit as well, but pay $4.00 RT - too damn much. We simply haven't bothered to negotiate with GS for pricing, since we don't do any volume with them.
Don
Quote from Don Bright:
The CME seat is in Bob's personal name. He gets a daily cap rate, so it makes sense for him to trade them. I trade them a bit as well, but pay $4.00 RT - too damn much. We simply haven't bothered to negotiate with GS for pricing, since we don't do any volume with them.
Don
Which clearing firms offer a daily cap on their emini commissions to exchange members?
Something new to me as I have only heard of monthly and annual futures commissions caps.
Quote from Don Bright:
CME member for exchange fees, daily...the biggest part of the costs involved.
Don
Sorry Don, but there is no daily fee cap on emini trading for CME members.
The $50 Globex fee cap (200 sides) for eminis was ended as of August 31, 2009 and replaced with a discount schedule.
http://www.cmegroup.com/company/files/Q32009-Fee-Change.pdf
.Quote from ScottSam:
Yes, 20 pennies.
But it's not with a 100% payout obviously, or the firms would go under real quick.
Still, it will make an important difference on the bottom line if one's trading involves some measure of volume.
What kind of payout can one expect oif they are paying such low commissions.
Thanks