Captain Haddock
Active member
- Messages
- 122
- Likes
- 5
Do these arcades offer anything other than futures? DMA CFD's for example?
Arcades offering other products
- Thread starter Captain Haddock
- Start date
- Watchers 3
Directional
Experienced member
- Messages
- 1,992
- Likes
- 251
why trade CFD's when you could trade futures?
Captain Haddock
Active member
- Messages
- 122
- Likes
- 5
Are you asking why my preffered vehicle for trading equities is CFD's Arbitrageur?
Directional
Experienced member
- Messages
- 1,992
- Likes
- 251
yes - why CFD's vs futures?
the benefit an arcade can bring is primarily in the costs associated with trading - ie: pooled resources bring cheaper software lease for tools such as CQG, X_Trader, bloomberg, and of course massive reductions in commissions through collectively traded futures volume.
CFDs are basically a bet but without the tax breaks, since the firm offering the CFDs usually takes the other side of your trade - some firms may offset their risk on the underlying but most, such as IG dont. I dont know of any arcades that do this, and I cant see how it would be advantageous to you to want to trade CFD's through an arcade.
the benefit an arcade can bring is primarily in the costs associated with trading - ie: pooled resources bring cheaper software lease for tools such as CQG, X_Trader, bloomberg, and of course massive reductions in commissions through collectively traded futures volume.
CFDs are basically a bet but without the tax breaks, since the firm offering the CFDs usually takes the other side of your trade - some firms may offset their risk on the underlying but most, such as IG dont. I dont know of any arcades that do this, and I cant see how it would be advantageous to you to want to trade CFD's through an arcade.
Captain Haddock
Active member
- Messages
- 122
- Likes
- 5
Hi Arb
We are talking about 'real' Direct Access CFD's here where another market participant trades against your order placed in the LSE SETS order book not a bookie type CFD provider who lets you trade against his own prices.
Commision is paid on a per trade basis depending on trade size and volume as per futures and is made up of the exchange fee and the brokers fee.....as per futures.
The same theory of volume and pooled resources should apply in an arcade if there's enough traders trading equities, which there doesnt seem to be!!
As for the question on why trade CFD's and not futures; Stock futures follow the actual share so you may as well interact with the "real" market and trade the share via CFD. Plus there's only a limited amount of stock futures available.
If you meant why trade equity based CFD's and not Index or STIR futures, thats a different question completely!
We are talking about 'real' Direct Access CFD's here where another market participant trades against your order placed in the LSE SETS order book not a bookie type CFD provider who lets you trade against his own prices.
Commision is paid on a per trade basis depending on trade size and volume as per futures and is made up of the exchange fee and the brokers fee.....as per futures.
The same theory of volume and pooled resources should apply in an arcade if there's enough traders trading equities, which there doesnt seem to be!!
As for the question on why trade CFD's and not futures; Stock futures follow the actual share so you may as well interact with the "real" market and trade the share via CFD. Plus there's only a limited amount of stock futures available.
If you meant why trade equity based CFD's and not Index or STIR futures, thats a different question completely!
Directional
Experienced member
- Messages
- 1,992
- Likes
- 251
heh, you're quite right 
looks like i misunderstood your question.
there must be some prop shops that are involved in equities and the sort of CFD's you are talking about here, but I'd better let someone who knows a bit more about it than me chip in
looks like i misunderstood your question.there must be some prop shops that are involved in equities and the sort of CFD's you are talking about here, but I'd better let someone who knows a bit more about it than me chip in
ive just purchased premises in clerkenwell, and by 4th quarter this year or 1st quarter next year i will be opening a prop trading floor for approx 30 traders with a very very low desk fee, and pooled commissions, to trade cfd's, futures fx bonds and options....
cheers
cheers
Captain Haddock
Active member
- Messages
- 122
- Likes
- 5
you have mailjimmy1 said:
Capt. Haddock, our business partner ( Fortisbank ) has asked me whether i had any interest in making DMA CFD's available to my traders. At the time i did not but if you want i will look into it for you. Our commissions on futures are among the cheapest in the market place, so i should be able to negotiate on CFD's also.Captain Haddock said:
We have office space in Essex London and Cyprus but can set you up via VPN from anywhere.
Let me know if you would like me to look into it seriously.
Regards nohare
www.turtlefutures.com
Captain Haddock
Active member
- Messages
- 122
- Likes
- 5
You have mail too Nohare
