Newb question on leasing a seat? - futures io
futures io



Newb question on leasing a seat?


Discussion in Emini and Emicro Index

Updated
    1. trending_up 205 views
    2. thumb_up 2 thanks given
    3. group 5 followers
    1. forum 2 posts
    2. attach_file 0 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 150,000 members
  • 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 and simple.

-- Big Mike, Site Administrator

(If you already have an account, login at the top of the page)

 
Search this Thread
 

Newb question on leasing a seat?

(login for full post details)
  #1 (permalink)
pjbear22
New York, USA
 
 
Posts: 1 since Aug 2022
Thanks: 0 given, 0 received

I want to look into leasing a seat on CME to save commissions.

If someone leases a seat, do they need to use a special broker or is there any extra work in clearing trades? Can I still use any broker such as AMP, etc..?

If making 2k RT a month , than would there be any reason not too lease a seat? What would the downside be?
I see seats getting leased for $2,500 for 6 months.

Thanks.

Reply With Quote

Can you help answer these questions
from other members on futures io?
Day trading Treasury bonds
Treasury Notes and Bonds
TradeStation Order Execution Networks stop server
TradeStation
Trades count
EasyLanguage Programming
NT8 Strategy Analyzer Problems
NinjaTrader
Free ATR that displays in Ticks ?? NT8
NinjaTrader
 
 
(login for full post details)
  #2 (permalink)
HiLatencyTRDR HLT
Tallahassee
 
 
Posts: 300 since Dec 2018
Thanks: 13 given, 56 received

If you are trading this much and with success then speak with your fcm and the cme.
Build a simple spreadsheet based on your exact exchange and clearing fees and commissions if you will have them based on your sliding scale and any rebates you may get.

Then multiply this out for day week month year and see what the amounts are and compare the savings.

Then assume you quit trading or you take a few weeks or a month off and see what the savings are at that point.

Throw a bunch of scenarios at it including building and doing more lots

Obviously if getting a seat that means you feel like it is time to start growing and doing more trades and more lots

Good luck.

I would recommend buying one and also including the real cost since the seat is an asset and you can get back a lot of the value from a sale

Reply With Quote
The following user says Thank You to HiLatencyTRDR HLT for this post:
 
(login for full post details)
  #3 (permalink)
 SMCJB 
Legendary Market Wizard
Houston, TX
 
Experience: Advanced
Platform: TT and Stellar
Broker: Primary Advantage Futures. Also ED&F and Tradestation
Trading: Primarily Energy but also a little GE, SI, Bitcoin & Ether
 
Posts: 4,618 since Dec 2013
Thanks: 3,928 given, 9,276 received



pjbear22 View Post
would there be any reason not too lease a seat?

Leasing a seat makes you a professional in not only the CME's eyes but also many other exchanges. This biggest impact of that is that data fees for professionals are significantly higher than non-pro's and not just for the exchange you lease the seat on - but for all exchanges.

There may also be tax implications - check with your tax advisor.

Reply With Quote
The following user says Thank You to SMCJB for this post:


futures io Trading Community Traders Hideout Emini and Emicro Index > Newb question on leasing a seat?


Last Updated on August 7, 2022


Upcoming Webinars and Events
 

NinjaTrader Indicator Challenge!

Ongoing
     



Copyright © 2022 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada), info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts