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Thanks to everyone for their responses regarding exchange fees, but I am not
sure what some of the responses relate to. Earl indicated in his post that
he insisted on commissions being all inclusive. The fees that I am referring
to I think are charged by the real time data provider -- at least that seems
to be case when you see there ads and get their quotes for providing real
time data. Is the fee a flat monthly fee that varies by exchange? Is it
only imposed if you receive quotes from that particular exchange? Is it the
same whether you get 1 quote or 100 quotes?
-----Original Message-----
From: Earl Adamy <eadamy@xxxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Date: Wednesday, February 24, 1999 2:53 PM
Subject: Re: EXCHANGE FEES
>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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