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NinjaTrader Static DOM fees when trading CL Futures
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NinjaTrader Static DOM fees when trading CL Futures

  #11 (permalink)
Elite Member
Lisbon, Portugal
 
Futures Experience: Intermediate
Platform: SC, NT
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Rui S's Avatar
 
Posts: 124 since May 2012
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Thank you for the informations, Big Mike.

And yes, the cost is always an issue as it belongs to money management.

Anyway, regarding my initial question, do you know how much is the TT fee for CL when using NT Static DOM?

As I mentioned before I have already asked to NT Support but I am not convinced with their answer. They seemed to be avoiding the subject...

Thanks.

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  #12 (permalink)
Membership Revoked
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It's better to pay for quality software/infrastructure than it is to lose money due to poor tools.

X_Trader is built for DOM traders, it has nothing to do with whether one is retail or not. One can't necessarily start with a lesser solution and trade one's way up to a more expensive platform.

CQG and CTS T4 (if one is stateside) are other alternatives to consider.

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  #13 (permalink)
Market Wizard
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Rui S View Post
Hello Mattz,

Thanks for your reply.

I understand that the fees are due to the TT patent.

You are saying that the fees are 10 cents per side... But when we read the exceptions we can understand that amount is for the smallest contracts (QM?)...

Have you traded CL with the NT Static DOM and confirmed that they charge 10 cents?

Thanks.

My understanding is that it applies to all contracts.

PM with any questions about optimusfutures (800) 771-6748 (561) 367 8686. THERE IS A SUBSTANTIAL RISK OF LOSS IN FUTURES TRADING.
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  #14 (permalink)
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The cost is $0.10 per side.

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  #15 (permalink)
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Thanks for the reply.

I am sorry to insist but please read the exceptions note carefully:

“* Except where there are multiple contracts having substantially the same underlying product, in which case they royalty for the smallest contract shall be $0.10 and the royalty for the other contracts shall be increased proportionately based on the size of the contracts. For example, the royalty for the CME's E-Mini S&P 500 and E-Mini NASDAQ-100 products shall be $0.10 and the royalty for the CME's S&P 500 and NASDAQ-100 products shall be $0.50.”

Reading the note the interpretation should be the following:

- CME’s E-Mini S&P 500 = $0.10
- CME’s S&P 500 = $0.50 (because it is five times bigger than E-Mini S&P 500)

Thus, following the same interpretation:

- NYMEX’s E-Mini Light Sweet Crude Oil (QM) = $0.10
- NYMEX’s Light Sweet Crude Oil (CL) = $0.20 (because CL it is two times bigger than QM and it is a multiple contract of the same underlying)

Can you understand my point? Am I right or wrong? I would really like to be sure...

Thanks.

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  #16 (permalink)
Elite Member
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Rui S View Post
Thanks for the reply.

I am sorry to insist but please read the exceptions note carefully:

“* Except where there are multiple contracts having substantially the same underlying product, in which case they royalty for the smallest contract shall be $0.10 and the royalty for the other contracts shall be increased proportionately based on the size of the contracts. For example, the royalty for the CME's E-Mini S&P 500 and E-Mini NASDAQ-100 products shall be $0.10 and the royalty for the CME's S&P 500 and NASDAQ-100 products shall be $0.50.”

Reading the note the interpretation should be the following:

- CME’s E-Mini S&P 500 = $0.10
- CME’s S&P 500 = $0.50 (because it is five times bigger than E-Mini S&P 500)

Thus, following the same interpretation:

- NYMEX’s E-Mini Light Sweet Crude Oil (QM) = $0.10
- NYMEX’s Light Sweet Crude Oil (CL) = $0.20 (because CL it is two times bigger than QM and it is a multiple contract of the same underlying)

Can you understand my point? Am I right or wrong? I would really like to be sure...

Thanks.

Just a follow up, as it might be useful for someone in the future:

I posted this same question in Ninja Trader Support Forum yesterday and there was a reply from a NT representative just saying that they would update their web site today.

I've just checked NT web site and it is already changed - they updated the table fees and took off the "exceptions" note.

I guess there is no doubt now - the TT fee is $0.10 for every contract.

In case someone want to check it:

NinjaTrader stock, futures and forex charting software and online trading platform. Trading Technologies MD Trader Patent Settlement.

What is strange is that the thread was compeletly removed from the forum...

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