Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
Just wondering since i have seen so many interest in becoming a CME member recently, what size of volume does one need to do to really benefit from such a membership?
Can you help answer these questions from other members on NexusFi?
1. You can do the breakeven analysis yourself by looking at the fee schedule, say for E-mini equity indices you are going from $1.18 to $0.35, so $0.83 of savings per contract. You can divide the monthly lease by that amount to get a sense of monthly breakeven volume.
2. You also need to take into account the variance of your volume (and if you're buying, the variance of market prices for the seats).
Trading: Primarily Energy but also a little Equities, Fixed Income, Metals and Crypto.
Frequency: Many times daily
Duration: Never
Posts: 5,049 since Dec 2013
Thanks Given: 4,386
Thanks Received: 10,206
One thing to consider, being a member (via seat lease or purchase) will make you a professional in CME's eye's so while your clearing rates go down, your data fees go up! Another advantage though is that you become eligible for data netting, meaning you pay the data fee once and not once per account/device etc.
Hi! Your broker should really help you through the process and paperwork. We have assisted more than a few client through the process in order to lower their exchange fees and overall costs.
Are you doing this as an individual or a corporation? Feel free to PM me with questions.
PM with any questions about Cannon Trading (800) 454-9572 (310) 859-9572. Trading commodity futures, forex and options involves substantial risk of loss. The recommendations contained in this post are of opinion only and do not guarantee any profits. These are risky markets and only risk capital should be used. Past performance is not necessarily indicative of future results.
