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CQG FCM commissions and fees

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CQG FCM commissions and fees

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  #21 (permalink)
London UK
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Thanks Mike. I'm new here so did not know that there is a Tradestation sub forum.
Will be up to speed soon.

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  #22 (permalink)
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oceanbreeze View Post
Anyway, with the three moving parts of IB NT and IQFeed, has anyone had any problems, such a freeze ups, trades not going through to IB, etc?

Interactive Brokers was the first broker NinjaTrader was integrated to over ten years ago. It's battle tested with thousands of users who have come before you. If you only intend to use IQFeed to drive data into NinjaTrader, I would recommend using Kinetick - Streaming real time quotes and historical market data, it's 1/2 the price.

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  #23 (permalink)
London UK
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IB/NT/IQFeed is my preferred set up because of the ATM chart trading.

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  #24 (permalink)
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oceanbreeze, curious if you don't mind updating us, who did you go with?

Also, anyone know if commissions at IB are negotiable to lower than their posted volume/fixed tiers?

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  #25 (permalink)
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NT Brokerage View Post
Using NinjaTrader Brokerage through Dorman Trading as the FCM: the all-in cost for ES is as low as $3.38 per round turn.

Our commission schedule is publicly posted here - NinjaTrader Futures Broker Commissions: Discount All In Rates.

Unless you are using Rithmic, that would be another 25 cents here, 10 cents there.. you know how it goes.

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  #26 (permalink)
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artemiso View Post

From the tone of your post, you're probably already aware, but just sharing so others know because there are other numbers being advertised and I want to be fair to the users and other FCMs/IBs. The marginal cost for your FCM to execute a retail order is zero above some very small threshold. After all, how many hours do you actually spend talking to your reps at the FCM/IB and how much counterparty risk are they taking up especially if you're executing via a tried-and-tested software provider, e.g. CQG, TT etc.? This threshold is very small. So you have every right to shop around and not get fleeced.

As a non-member, I'd say you should expect no more than $2.82 per ES round trip all-in (including exchange, FCM commission and NFA fee) i.e. $0.25 FCM commission up to 10,000 contracts per month. Let me know if you need specific names.

It's only when you shift from a retail account to a bulge-bracket bank's FCM group within that ($0, $0.25] interval when it gets expensive and the fees take longer to go down, because the multiple reps (credit/risk, onboarding, sales) assigned to you and the 2-4 people monitoring your positions actually each earn $250k to $1.2m all-in compensation per year, and you're actually, truly, not worth their business if you're not paying certain fees at minimum.

I know this is an old thread but curious myself, sent pm.

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