Clearing houses/brokers confusion

[Peacefull Warrior]

Apologies there, had a call back with an account exec from GNI, but with the cut rates and trichet on its been mental!!! thus missed the calls. I'll call them back shortly.

 

[BSD]

Ah thanks Hardy can't rep you at the moment.

So roundturn thats €6 vs interactivebrokers bundled commissions of €4 RT under 300 lots, but over 500 lots they are actually cheaper at €3 RT.

Although IB also have the unbundled fee structure where you pay €2.6 RT over 300 and under 1000 lots month, and above that both keep getting better and better.

So overall quite competitive I'd say.

Good stuff Hardy thanks for sharing.

 

[Peacefull Warrior]

Ok, finally got a reply.

Still a little confused on the ACTUAL full price tho, like I said complete newbie to all this. I just trade and nothing about this, will do soon......


I am pleased to confirm our transaction fees for trading on EUREX, EURONEXT-LIFFE, EURONEXT-PARIS, EURONEXT-AMSTERDAM, ICE, NYMEX, CME, CBOT and NYBOT via the CQG Trader electronic platform.

The transaction charges, as set out below, are quoted inclusive of exchange and clearing house fees and regulatory levies, which are subject to change according to local regulation and GNI reserves the right to pass on these changes for which notice will be given. A minimum transaction charge, will be levied per calendar month of £200/€300/$300

GBP Markets (all contracts) £4.00 one way for all trades
EUR Markets (all contracts) €6.00 one way for all trades
USD Markets (all contracts) $7.00 one way for all trades


For professional trading volumes, the transaction charges are as set out below. These charges are quoted exclusive of exchange and clearing house fees and regulatory levies, which are subject to change according to local regulation and GNI touch® reserves the right to pass on these changes for which notice will be given.

ALL ONLINE EUREX, EURONEXT-LIFFE, EURONEXT-PARIS, EURONEXT-AMSTERDAM, ICE, NYMEX, CME, CBOT and NYBOT contracts

0 – 299 lots per calendar month: Charged As Per Retail Client Structure
300 – 499 lots per calendar month: £2.00/€3.00/$4.00 one way for all trades
500 – 999 lots per calendar month: £1.00/€1.50/$2.00 one way for all trades
1000 - 2999 lots per calendar month: £0.50/E0.75/$1.00 one way for all trades
3000 - 4999 lots per calendar month: £0.25/E0.375/$0.50 one way for all trades
5000 - 9999 lots per calendar month: £0.20/E0.30/$0.40 one way for all trades
10,000 - 19,999 lots per calendar month: £0.15/E0.225/$0.30 one way for all trades
>20,000 lots per calendar month: £0.10/E0.15/$0.20 one way for all trades


Should you, at any time need to place an order with one of our brokers over the phone, you will be charged an additional;

EUREX (all contracts) €5.00 one way
EURONEXT-LIFFE (all contracts) £3.00 one way
EURONEXT-PARIS (all contracts) €5.00 one way
EURONEXT-AMSTERDAM (all contracts) €5.00 one way
ICE (all contracts) $6.00 one way
NYMEX (all contracts) $6.00 one way
CBOT (all contracts) $6.00 one way
CME (all contracts) $6.00 one way
NYBOT (all contracts) $6.00 one way

Initial margin levels will be Exchange minimum.

For options and offline products traded with our brokers, over the phone, you will be charged the following:

ALL STERLING / US$ & € DENOMINATED OPTIONS CONTRACTS

£7.50 - one way per contract - for all trades
US$15.00 - one way per contract - for all trades
€10.00 - one way per contract - for all trades

 

[Peacefull Warrior]

Oh, another quick note, the sales rep said prices are negotiable!! I mean that doesnt make sense to me, not doing the hard sell I guess

PW

 

[BSD]

Hi Folks,

this is what they told me back in June (standard deal):

All online Futures contracts on EURONEXT LIFFE, PARIS, 
AMSTERDAM, EUREX, CME, CBOT, NYMEX, MONTREAL and ICE

0 - 499 				lots per calendar month:		£2.00/€3.00/$3.00 one way for all trades 
500 - 999 			lots per calendar month:		£1.00/€1.50/$1.50 one way for all trades 
1,000 – 2,999 			lots per calendar month:		£0.50/€0.75/$0.75 one way for all trades 
3,000 – 4,999 			lots per calendar month: 	£0.25/€0.375/$0.375 one way for all trades 
5,000 – 9,999 			lots per calendar month: 	£0.20/€0.30/$0.30 one way for all trades 
10,000 - 19,999 		lots per calendar month:		£0.15/€0.225/$0.225 one way for all trades 
20,000 plus			lots per calendar month: 	£0.10/€0.15/$0.15 one way for all trades

Ok, finally got a reply.

Still a little confused on the ACTUAL full price tho, like I said complete newbie to all this. I just trade and nothing about this, will do soon......


I am pleased to confirm our transaction fees for trading on EUREX, EURONEXT-LIFFE, EURONEXT-PARIS, EURONEXT-AMSTERDAM, ICE, NYMEX, CME, CBOT and NYBOT via the CQG Trader electronic platform.

The transaction charges, as set out below, are quoted inclusive of exchange and clearing house fees and regulatory levies, which are subject to change according to local regulation and GNI reserves the right to pass on these changes for which notice will be given. A minimum transaction charge, will be levied per calendar month of £200/€300/$300

GBP Markets (all contracts) £4.00 one way for all trades
EUR Markets (all contracts) €6.00 one way for all trades
USD Markets (all contracts) $7.00 one way for all trades


For professional trading volumes, the transaction charges are as set out below. These charges are quoted exclusive of exchange and clearing house fees and regulatory levies, which are subject to change according to local regulation and GNI touch® reserves the right to pass on these changes for which notice will be given.

ALL ONLINE EUREX, EURONEXT-LIFFE, EURONEXT-PARIS, EURONEXT-AMSTERDAM, ICE, NYMEX, CME, CBOT and NYBOT contracts

0 – 299 lots per calendar month: Charged As Per Retail Client Structure
300 – 499 lots per calendar month: £2.00/€3.00/$4.00 one way for all trades
500 – 999 lots per calendar month: £1.00/€1.50/$2.00 one way for all trades
1000 - 2999 lots per calendar month: £0.50/E0.75/$1.00 one way for all trades
3000 - 4999 lots per calendar month: £0.25/E0.375/$0.50 one way for all trades
5000 - 9999 lots per calendar month: £0.20/E0.30/$0.40 one way for all trades
10,000 - 19,999 lots per calendar month: £0.15/E0.225/$0.30 one way for all trades
>20,000 lots per calendar month: £0.10/E0.15/$0.20 one way for all trades


Should you, at any time need to place an order with one of our brokers over the phone, you will be charged an additional;

EUREX (all contracts) €5.00 one way
EURONEXT-LIFFE (all contracts) £3.00 one way
EURONEXT-PARIS (all contracts) €5.00 one way
EURONEXT-AMSTERDAM (all contracts) €5.00 one way
ICE (all contracts) $6.00 one way
NYMEX (all contracts) $6.00 one way
CBOT (all contracts) $6.00 one way
CME (all contracts) $6.00 one way
NYBOT (all contracts) $6.00 one way

Initial margin levels will be Exchange minimum.

For options and offline products traded with our brokers, over the phone, you will be charged the following:

ALL STERLING / US$ & € DENOMINATED OPTIONS CONTRACTS

£7.50 - one way per contract - for all trades
US$15.00 - one way per contract - for all trades
€10.00 - one way per contract - for all trades

Great stuff thanks for sharing guys

 

[BSD]

Don't quite get the first part...

Am I having my blonde moment of the day...

"The transaction charges, as set out below, are quoted inclusive of exchange and clearing house fees and regulatory levies, which are subject to change according to local regulation and GNI reserves the right to pass on these changes for which notice will be given.

GBP Markets (all contracts) £4.00 one way for all trades
EUR Markets (all contracts) €6.00 one way for all trades
USD Markets (all contracts) $7.00 one way for all trades"

Apart from the fact that those rates are highway robbery, where do they fit in with this:

"For professional trading volumes, the transaction charges are as set out below. These charges are quoted exclusive of exchange and clearing house fees and regulatory levies, which are subject to change according to local regulation and GNI touch® reserves the right to pass on these changes for which notice will be given.

ALL ONLINE EUREX, EURONEXT-LIFFE, EURONEXT-PARIS, EURONEXT-AMSTERDAM, ICE, NYMEX, CME, CBOT and NYBOT contracts

0 – 299 lots per calendar month: Charged As Per Retail Client Structure
300 – 499 lots per calendar month: £2.00/€3.00/$4.00 one way for all trades
500 – 999 lots per calendar month: £1.00/€1.50/$2.00 one way for all trades
1000 - 2999 lots per calendar month: £0.50/E0.75/$1.00 one way for all trades
3000 - 4999 lots per calendar month: £0.25/E0.375/$0.50 one way for all trades
5000 - 9999 lots per calendar month: £0.20/E0.30/$0.40 one way for all trades
10,000 - 19,999 lots per calendar month: £0.15/E0.225/$0.30 one way for all trades
>20,000 lots per calendar month: £0.10/E0.15/$0.20 one way for all trades"

Also, what the heck does this mean:

"A minimum transaction charge, will be levied per calendar month of £200/€300/$300"

Does that only apply if no trades are made or not enough trades to cover that sum ?

Also, does that mean CQG is then included ?

???

 

[Peacefull Warrior]

I've been on to them, sending another email with actual clearing costs, levies etc (a breakdown). Soon as its recieved, I shall post.

As for CQG you have to pay $25.00 pm, 0.25c round trip.

 

[BSD]

Good stuff, getting better and better.

Can you also ask them what the difference between those two different commission rate sets is from above ?

Thanks mate

 

[BSD]

I WAS having a blonde moment, the first set of commission rates is for BELOW 299 lots / month.

Sorry for the confusion hehe

 

[BSD]

Oh, another quick note, the sales rep said prices are negotiable!! I mean that doesnt make sense to me, not doing the hard sell I guess

PW

I suppose in the current climate they're happy for any new clients, real buyers market for just about everything and it's aunt right now I'd say.

 

[Adamus]

Hi Markus,
what platform are you using at the moment if you don't mind me asking?

 

[Adamus]

Just tried to find some info on the web about the ABN Amro platform for futures - can't find anything! Is it abnamromarkets.com ? Looked like it might be but didn't have any info there.

 

[Peacefull Warrior]

Recieved the clearing costs, levies etc.
For myself trading the bund, schatz, bobl etc, its €0.20 plus the €0.75 each way (1000+ lots price) Total fig being €1.90 per trade for the round trip from GNI. 0.25c round trip from CQG and $25 for the platform permonth.

To be honest I have nothing to compare these prices, but seems pretty reasonable. I do like CQG as a platform, very user friendly, especially using trailing stops etc.

I tried posting the excel spreadsheet with all the clearing prices on, but proved to be very difficult on this site. Hence the give up :-(
If you would like a copy, just ask.

many thanks,

PW

 

[BSD]

Hi Markus,
what platform are you using at the moment if you don't mind me asking?

Hi sorry just caught this, abnamro is cfd's.

https://www.abnamromarketindex.com

My other broker is interactivebrokers.com

I'm just not a fan of the latters clunky platform so am looking at this CQG / GNI option here now, waiting to hear if that'll run on my Mac tho...

Thanks for all the numbers PW, appreciate that.