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It's $3.95 per SIDE.
Allan
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At 02:16 PM 8/11/98 -0600, Earl Adamy wrote:
>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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