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Add-on fees seem to be whatever they think they can charge and is a big
source of rip-offs ... big variation from one firm to another, one exchange
to another, and even one customer to another. $2-3 bucks is typical at the
majors, I've heard of some brokers charging fees as high as $9. Personally,
I insist on commission rate which is all inclusive which means no additional
charges.
Earl
-----Original Message-----
From: swp <swp@xxxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Date: Wednesday, February 24, 1999 11:56 AM
Subject: Re: EXCHANGE FEES
>He is talking about fees for a given trade. They range from a little
>over a buck I think to about $3 per contract per roundturn. Also, emini,
>globex, night trading tend to be extra too.
>
>Peter Iovanella wrote:
>>
>> Here are current exchange fees for futures, as far as I know:
>>
>> CME: $55
>> CBOT: $60
>> NYMEX: $55
>> CEC: $88
>> COMEX: $55
>>
>> Stock Exchanges are much less expensive (and much more sane) than Futures
>> exchanges, but I'll defer to someone else for the details since I ain't
got
>> 'em.
>>
>> Peter
>>
>> -----Original Message-----
>> From: Bill Daniel <bogeybunky@xxxxxxxxxxxxxx>
>> To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
>> Date: Wednesday, February 24, 1999 1:19 PM
>> Subject: EXCHANGE FEES
>>
>> >All the ads quoting realtime fees always say plus exchange fees. Can
>> >someone summarize what these fees amount to and how they are calculated?
>> >Or direct me to a source? Thanks.
>> >
>> >Bill
>> >
>> >
>> >
>
>--
>Steven W. Poser, President
>Poser Global Market Strategies Inc.
>http://www.poserglobal.com
>
>Tel: 201-995-0845
>Fax: 201-995-0846
>Email: swp@xxxxxxxxxxxxxxx
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