Which broker offers best value

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Old Sep 25, 2004, 2:29pm   #1
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Default Which broker offers best value
Can anyone assist re trading LIFFE FTSE Futures contracts. Which company offers the best value for trading in 10 - 50 contracts.

I am aware of Interactive Brokers who are cheap with no frills approach, they charge £3.40 round trip per contract but would other brokers offer better commissions on high volume trading.

Kevin
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Old Sep 28, 2004, 3:39am   #2
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Default Re: Which broker offers best value
How many round turns are you doing per month? If it is a reasonable amount then there are brokers who can offer better volume discounts than IB.
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Old Sep 28, 2004, 6:07pm   #3
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Default brokers
(Refco Express)
E-mini (S&P, NQ, R2000, Crude, Nat Gas)
$3.70
CBOT Financials
$2.95
E-mini Dow
$3.58
Currencies
$5.25
Eurex Dax*
$3.75
Eurex Bund Bobble/Schatz*
$3.00
Eurex E-Stoxx*
$3.20
* Rates subject to exchange rate fluctuation

These are round turn as well.
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Old Sep 28, 2004, 6:20pm   #4
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Default Re: Which broker offers best value
kevin546 started this thread On average 3 - 6 round trips a day on FTSE only
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Old Sep 29, 2004, 5:02pm   #5
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Default Re: Which broker offers best value
Are you familiar with PATS J-trader or any other platforms?
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Old Sep 30, 2004, 3:35am   #6
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Default Re: Which broker offers best value
Quote:
Originally Posted by kevin546
On average 3 - 6 round trips a day on FTSE only
So 3-6 r/t p/d doing 10-50 lot clips = ~ 2,800 r/t per month?

You can definitely get professional rates for those sort of volumes (eg £1 r/t + exchange fees) but there is usually a software platform charge as well.
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Thanks! The post above is recommended by: def
Old Sep 30, 2004, 4:08pm   #7
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Default Re: Which broker offers best value
No Platform fee through Refco Express.
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Old Oct 11, 2004, 11:31am   #8
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Default Re: Which broker offers best value
Quote:
Originally Posted by kevin546
Can anyone assist re trading LIFFE FTSE Futures contracts. Which company offers the best value for trading in 10 - 50 contracts.

I am aware of Interactive Brokers who are cheap with no frills approach, they charge £3.40 round trip per contract but would other brokers offer better commissions on high volume trading.

Kevin
If you go for unbundled pricing with IB you should get £1.20 per side for ftse
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