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I think their $9.75 min commission is a great development. I think it
provides us with a good indication that a move to electronic trading for
other contracts will provide us with a nice discount from current commision
rates. With regard to the comment that they have a way to exploit the
spread for their profit, while it certainly is possible, I would think
that they make a nice profit without having to resort to such tactics. Time
will tell.
Chris
>
> 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
>
>
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