trading on member rates

[Pa(b)st Prime]

Quote from Pa(b)st Prime:

1. An IMM is half that.

2. You're full of shit.

Sorry if I hastily misjudged you but here are the FACTS.

1. You're not allowed to make a cap contribution and scam by trading off someone else's membership. Even a prop firms. For all I know misrepresentation could be a felony. (defrauding a publicly traded corporation etc.)

2. You could probably lay down 200k on an IMM and get a loan on the balance. Consider this possibility: The cost of trading rights privileges (seats) may implode any day. CME stock is getting HAMMERED.

 

[maltatrader]

Quote from varunk666:

OK Let me know try to explain

1) I have a lease which ends in 2 months from now, pay 2000/month
2) I pay 40 cents side as commission
3) Have gateway fee+software+terminal
coming to around 6000
4) In spite of churning such huge volume,
my profits are NOT IN hundreds of thousands of dollars like you all assume,I make low to mid five figures a month and like any other trader I have losing months.
5) If I am able to shave atleast 15 to 20 cents of my commission somehow my take home money would be significantly different
This all is simple logic

The problem is around a year back, I remember very well contacting tca futures in london who said I will be able to trade at member rates + 10 cents clearing, If was able to open an account with them. The minimum opening deposit was 50,000. I did not have 50,000 then and now the person I spoke to isnt there anymore, they directed me to their new york office who said who couldnt do it.

They offered me 1:3 leverage and the profits split 50:50. Is there a shop out there that does this anymore?
Does someone have any information

TCA are still offering something along those lines for futures, they say they will allow other instruments in certain circumstances. Maybe the London office could advise you better.

My understanding was that this deal is not that great if you have a proven track record and do high volume.