What is considered a good rate? Emini's

[Knyyt]

Any advice on what is considered a good rate RT in the eminis for about 50 turns a day?

Is 4.35 considered expensive, average, or cheap for this?

Thanks,

 

[El OchoCinco]

i think $.90 a side as a seat holder on the CME...

 

[Brucelee]

Quote from optioncoach:

i think $.90 a side as a seat holder on the CME...

All fees included, broker and exchange?

 

[El OchoCinco]

well if you lease a seat, you only need a clearingfirm I believe so no broker. The CME website has the fees so if you do enough volume and have enough monthly profits, it may be worth leasing a seat.

Quote from Brucelee:

All fees included, broker and exchange?

 

[Knyyt]

No, not looking to lease seat, etc,.. just looking at the retail level to try out some ideas.
Regards

 

[spinner]

http://www.elitetrader.com/vb/showthread.php?s=&threadid=84691&perpage=6&pagenumber=1

Most brokers will negotiate on fees if you are doing 50 rt/day. I know Infinity will, but I think their lowest rate at any volume is $3.95. Check TransAct's website. I have heard of some people getting fairly low commissions with Mirus on volume.

 

[Arbitrageur]

Marex Financial in London were doing pro clearing at $0.68c a side for the electronic CME markets when I last checked in with them

0.34c exchange fee (european incentive)
0.10c globex fee
0.02c NFA fee
0.22c clearer fee
=0.68c a side

this was for volume upto 5000 a month, if you did more volume then the clearing fee went down to I think 0.08c for around 100k a month. No seat lease required.

 

[brownsfan019]

Contact:
ProActive Futures
Mirus Futures
Open ECry

All are competitive on retail commissions and good people behind the operation.

 

[wareco]

Transact is $3.42 R/T. There is a $400/mo. platform fee, but if you do 364 or more R/T per month the fee is waived. Otherwise, the $400 is pro-rata based upon the number of R/T.