Fees for LIFFE, Merc, CBOT, Eurex

[tbill]

I just signed up for TT's Xtrader Pro and part of the package is access to the CBOT, Merc, Eurex andf LIFFE. I trade Euribor and pay them a criminally large amount of money for the priviledge. So I was wondering what other people are paying per contract for interest rate product, Bonds, Notes, Bunds, Eurodollar, etc.

Euribor
Exchange fee=25 Pence
Clearing fee=3pence
The completely useless NFA fee=3 cents
Clearing firm=10 cents

 

[tbill]

I should not have separated the exchange fee from the clearing fee, it is confusing. You pay the exchange 28 pence.

 

[Ajax]

im also a rookie in the euribor
how many roundtrips do u do ? and what are your cost to the clearer ?

tanx,

Ajax rules

 

[xtf]

If you trade the bund, euribor etc. through openecry or similar it's about 3.40 per round turn.Am I: missing something? Is there a way to get this down to a more realistic level or do you have to put huge volumes through a broker for this privilege?

 

[TWI]

xtf,
Through most clearers you will be able to easily get this down to below £1 and this can be substantially less than that if you do some volume. This is if you are fulltime and does not apply if you are just doing the occasional trade in those markets.

 

[tbill]

im also a rookie in the euribor
how many roundtrips do u do ? and what are your cost to the clearer ?

tanx,

Ajax rules

Just got back from vacation in beautiful Saratov, Russia.

I have been trading Euribor since Sept. 2000, I trade 15,000 to 25,000 roundttrips per month and I pay my clearing firm 20 cents (US) per round turn.

 

[xtf]

Just got back from vacation in beautiful Saratov, Russia.

I have been trading Euribor since Sept. 2000, I trade 15,000 to 25,000 roundttrips per month and I pay my clearing firm 20 cents (US) per round turn.

Can you say who is your clearing firm and/ or how much deposit they require? I want to get back into it but do it from home
.
Thanks

 

[jimmy1]

ghf & gni do decent rates for decent size

 

[tbill]

Can you say who is your clearing firm and/ or how much deposit they require? I want to get back into it but do it from home
.
Thanks

Advantage futures based in Chicago. You will have to talk to them about what their requirements are. I came to them from GNI. Advantage used to be [part of Mizuho Bank and they are a lot of the people from the firm Transmarket if you have any Chicago ties you might remember Ray Cahnman who was a principal with this firm. They are very local friendly which is a lot more than I can say about GNI or my disasterous month at Fortis which was the Dutch firm that bought and, IMHO, ruined Transmarket.

 

[TWI]

xtf, in London try ADM Investor Services or Kyte or indeed Fortis Bank (tbill, they are not too bad these days) . They are negotiable on rates.