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Trading the new CME E-Micro's (E micro) MES, MNQ, MYM, M2K and other micros
I think the MES is looking really good in terms of volume and spreads. As long as "trend" continues, I think these are going to be a success. I haven't checked the other contracts yet.
Can you help answer these questions from other members on NexusFi?
Despite the fact that the ES micros have only been trading 1.5 days, the spreads are tradable and usually 1 tick or less.
I traded them today with a real account at IB, using entry setups from the ES and executing on the mES using IB (& Multicharts) and had no trouble scalping with limit orders. Commissions were a little expensive (approx 10% of profits), but tradable for small accounts. Stress free trading.
One other fee to be aware of is the order routing transaction fee. CQG and Rithmic charge fees which aren't scaled. Those fees can add around 34% or more to the round trip cost. It shouldn't make or break but something to be aware of.
Has anyone seen a fee comparison between brokers? Seems like a broad range now. Some are competitive given contract size, and others just slapped their standard emini fee on them.
