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I also took a look at their web page. Found it curious that under commissions,
only the e-mini is listed at 3.95/rt with 9.75 per order. No indication
regarding commissions on other contracts. Given info on their web pages, it
looks like they are quite interested in small e-mini accounts - I'd guess they
have found a way to exploit the $.25 e-mini spread vs $.10 spread on the regular
spoo = $15.00/rt per e-mini or $75/rt for 5 contracts.
Earl
-----Original Message-----
From: Gary Fritz <fritz@xxxxxxxx>
To: omega-list@xxxxxxxxxx <omega-list@xxxxxxxxxx>
Date: Tuesday, August 11, 1998 1:59 PM
Subject: Re: Electronic Orders Entry ...
And the kicker is the commissions: FOUR DOLLARS (per RT, I think),
with a minimum of $9.95 per order. That says you could trade the
mini for as little as $10/RT for 1-2 contracts, $12/RT for 3. And
that's with a direct connection from Timberhill to Globex, so you get
full live bid/ask info, instant execution & fills, etc.
With rates like that, the mini becomes a very viable daytrading
vehicle. I have a request for more info in to IB, but has anyone
been using their system for E-mini trading? Over the last 9 months
I've heard pros and cons about it, but it sure looks like the best
solution out there right now.
Gary
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