I have a bit of experience with DMA and I can see the clear benefits compared to CFD's. To answer your question:
- CL, GC and Bund futures mainly.
- Daytrading
- Not sure yet maybe around 20k
- CQG Trader looks good
thanks
EDIT: I basically just need information on the different FCM's and who's the best to use with a smallish account in the UK.
- CL, GC and Bund futures mainly.
- Daytrading
- Not sure yet maybe around 20k
- CQG Trader looks good
thanks
EDIT: I basically just need information on the different FCM's and who's the best to use with a smallish account in the UK.
Last edited:
Don't do Bund so you'll need to ask but I'd have no hesitation in recommending Dorman Trading based in Chicago for CL and GC.
Email [email protected] and [email protected] with ur questions.
CQG available as is CTS T4. CTS with a Sierra Chart front end worth a look if you need charting.
Email [email protected] and [email protected] with ur questions.
CQG available as is CTS T4. CTS with a Sierra Chart front end worth a look if you need charting.
H
hen12y
You need a proper clearing account with someone who can handle cross exchange. I'd recommend Sucden or someone like that if you are going to trade really small, or an Advantage, ADM, ED&F Man, GH Financial or similar if you are depositing USD 50-100k.
The clearer will then set you up as a child entity of theirs and can provide you with an ISV (which they charge for) CTS, TT, CQG and similar will be touted, all of which are ok for basic stuff (I'm on tbricks as we run algos). However, some exchanges have their own front ends. CME has CME Direct, and ICE has WebICE for example, eack of these costs in the region of USD 100 per month which does not break the bank!
Between the pair of them, you can trade oil, soft commodities, sterling, euribor, ftse futures, eurodollar and quite a few more.
The sales team at one of the exchanges will be able to help and point you in the right direction to be set up as a local. possibly a good place to start!
Do your maths beforehand though, while a CFD is leveraged, it is normally leveraged on only 1 contract. A contract on Brent Crude oil though, is 1000 barrels, so notionally is much larger than 1 CFD.
Henry.
The clearer will then set you up as a child entity of theirs and can provide you with an ISV (which they charge for) CTS, TT, CQG and similar will be touted, all of which are ok for basic stuff (I'm on tbricks as we run algos). However, some exchanges have their own front ends. CME has CME Direct, and ICE has WebICE for example, eack of these costs in the region of USD 100 per month which does not break the bank!
Between the pair of them, you can trade oil, soft commodities, sterling, euribor, ftse futures, eurodollar and quite a few more.
The sales team at one of the exchanges will be able to help and point you in the right direction to be set up as a local. possibly a good place to start!
Do your maths beforehand though, while a CFD is leveraged, it is normally leveraged on only 1 contract. A contract on Brent Crude oil though, is 1000 barrels, so notionally is much larger than 1 CFD.
Henry.
patrickrooney
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If you're trading / spreading across exchanges, you'll need an ISV. You may demo the TT offering by entering trade.tt into a browser and creating a demo account.