X-Trader with no monthly fee! New Transactional Model.

Quote from Lawrence Chan:

You cannot duplicate what they have done, period.

The UI is just a minor, very minor part of their gateway into direct exchange transaction placement engine.
More...
You wanna bet? I work with direct connections to the CME CBOT and CBOE all day long.

nitro
 
I had the X-Trader transactional with Global futures. I was a low volume customer. The fact that they even offered it in the first place makes me think the brokers must be making a killing on the folks who pay 700 a month. They probably pay 200 to TT and pocket the rest. I was told the TT feed costs 50 a month. 650 for a software lease is gross.
 
Quote from Triple X:

I was told the TT feed costs 50 a month. 650 for a software lease is gross.
More...

If it's so, why no one other broker/ FCM different than Velocity offers the transactional billing on TT?

Even Ninjatrader costs $50/60 per month...

:confused:
 
I looked on the website and found this:

Margin Call/Liquidation fee - $25/per contract

Does this mean $25 per liquidated contract or $25 for every contract which causes the margin call?

Why not just charging the normal commission?
 
You must log in or register to reply here.
Back
Top