Recent content by Sheen

Which FCMs offer TT FIX connection with a transactional (per contract) fee, rather than a fixed monthly fee? What is the range for these fees? I have heard of it being between $0.05 and $0.15 but I would be grateful if someone could confirm that, or provide some more specific info.

Could you explain exactly how it works? Also, I am not sure if a prop trader has any choice at all if his prop trading company uses a different clearing firm.

Yes, obviously it was my miscalculation. Is Ltd company the most popular method used by prop traders to deal with their taxes?

How do UK-based prop traders handle their tax affairs? I assume the most popular route is being employed by one's own limited company which then pays the trader a salary and/or dividend. However, this means that out of every £100 a trader makes in the market he actually keeps around £43 in his...

Would these entities not use interest rate futures instead? If their liabilities are not related directly to bonds?

Could you explain a bit more, please? Long hedging positions will obviously be opened by someone predicting a rise in T-Note prices, for instance, because of falling interest rates. However, how does this apply to a lender issuing loans which are not in any way linked to T-Notes yield? Another...

The futures markets' original role was to provide a means to manage risk. For instance, a farmer growing wheat on his farm is satisfied with the price the futures market says he can get in 3 months for his crop, so he decides to take some risk off his chest by establishing a short position in...

I'm used to X_Trader - arguably the best trading platform for futures. Now, I'm wondering - is there a platform that looks and feels like X_Trader, has similar functionalities (DOM ladder, volume profile etc.) , but can be used for trading US equities?

Has anyone taken part in the trading program run by GMT Futures? It relies on automated systems and requires paying a significant training fee. Is it a legitimate offer?

Sorry, my fault - I forgot to set the multiplier the same as spread ratio. How do you view your P&L? Based on last price or bid/ask? If you use a ratio of 1.9:1, what multiplier you should use? If it,s the same as the ratio the price of the spread is displayed as for instance 980.251. Is that...

Yes, I know it should be 2*Bobl-Bund but how can I make MD Trader display that price? Is it something to do with Autosprreader settings?

I set up an Autospreader window for Bund vs Bobl 1:2. I bought at 16.07, sold at 16.10 but made a loss. Then sold 16.08, bought 16.04 and PL for this trade was 0. Why did this happened?

It wasn't an arcade, was it?

Could you give some examples, please? Also, CME rules do not allow arcades to have member rates commission so how can they offer such low ratrs to traders?

When a trader places his trades through an arcade, he must deposit his own capital first in the arcade's account. How is that usually solved? Do you just have to deposit your funds into a normal bank account owned by the company which organises the arcade? Is it an escrow account? What guarantee...