thoughts on commissions in futures

Quote from Xenia:

Really ? Then how do they make money ?
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Ref:CME mini index futures
You as a non-member charged per side $1.14 for exchange
fee, and your broker as Equity/Clearing Members pay $0.325
to the exchange only.

And they are geting extra $0.50 per side on top of that, direct from you.
 
Good idea, but ...

Every single order sent to the exchanges is tagged either as "Origin=Firm" or "Origin=Customer".
 
Quote from coolweb:

Whats your thoughts on the commission collected on futures?
...
I believe the commissions are generally payment for the margin, ...
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Not much thinking going on here!
:p
 
hahaha I know :D

but $4.50 per contract seems excessive sometimes,

best to find a good excuse why we pay $45 commissions for a 10 lot to feel better :D
 
what kind of commish can you get at a futures prop firm for scalping?

lots of folks mentioned that retail futures trading doesn't work with scalping all day.

any groups to go to specifically?

How much capital do these firms/arcades require?
 
Gentlemen

Individual trader as not member pay 1.14$ for e-mini per side
Member 0.345 $ for first 145 side per day and after that 0.095$ Is it possible for individual trader to be member ?
If yes ,how great is price ?

What is 106F,H,EIP and ECM, which pay
after 50$ cap per day
0.46 - 0.21
0.54 - 0.54
0.44 - 0.44 $

www.cme.com/files/feechanges.pdf

Author would very pleased for comment
 
Maybe people might say this is a stupid question, but how can we make sure that these discount brokers transmit a market order direct to the globex exchange.???
 
Quote from NickBarings:

I am looking into joining a firm to pay lower exchange fees
like www.vtradergroup.com

Anybody knows of other similar companies ?

Off course , your money is at risk !
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I have spoken with these guys. Seems like a good outfit.

The problem you have with any pooled account like these llc's, is your money is definitely at risk if they don't have strict risk controls, so that you don't run into a Barings type disaster.

Of course, with futures your money is always at risk anyway (if fraud is involved, no FDIC type protection). I've already lost an account where the IB made off with funds. Personally, unless I was doing huge volume (scalping), and really knew the broker, I'd stick with the most reputable firms, non llc.

Jay
 
Quote from larrybf:

Maybe people might say this is a stupid question, but how can we make sure that these discount brokers transmit a market order direct to the globex exchange.???
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larry

I may be wrong, but eminis S&P , NQ , and other products from cme.com all transact ONLY through globex.
Theres no two places like ARCA , ISLND,
SMART etc.. like in stocks.

globex is cme.com's network


I may be wrong though but thats how I understand it.
 
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