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CTS T4 and Brokers
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CTS T4 and Brokers

  #11 (permalink)
Elite Member
Italy (IT)
 
Futures Experience: Advanced
Platform: ATAS, R|Trader, NT8
Broker/Data: Rithmic
Favorite Futures: CL, Brent, GC, TF
 
LukeGeniol's Avatar
 
Posts: 1,501 since Apr 2010
Thanks: 408 given, 974 received

this is the reply to my request of clarification :

ME:
..............................I would like some clarifications, the commission are all inclusive, exchange nfa ..., and the platform fee too? and I would like to understand what does it mean active trader in term of monthly contracts traded.

Dorman:
Yes everything is included in these prices. Active trader is someone that does more than 20 contracts per month (a trade a day). So if you are looking at putting in 1-10 trades per month I would not consider an active trader.


So I think that all things are enough negotiable with Dorman.

Luke.

Take your Pips, go out and Live.
Luke.
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  #12 (permalink)
Elite Member
Italy (IT)
 
Futures Experience: Advanced
Platform: ATAS, R|Trader, NT8
Broker/Data: Rithmic
Favorite Futures: CL, Brent, GC, TF
 
LukeGeniol's Avatar
 
Posts: 1,501 since Apr 2010
Thanks: 408 given, 974 received

Advantage Futures

Advantage Futures commission rate for CTS T4:

this is the email i received:......................To understand your all in transaction costs, I have broken down the individual components for the products you trade. For the commission part, I am using a monthly volume figure of 1000 sides. Your actual commission rate will vary slightly depending on actual volume. Advantage Futures employs a sliding scale rate calculator where your rate decreases as your volume increases. To view this schedule, please Click Here. Here is the breakdown of your transaction costs:


Exchange Fee - NFA Fee - Commissions - Round Turn
ES - $1.14 ---- $0.01 ------ $0.72 ------- $3.74
CL - $1.45 ---- $0.01 ------ $0.72 ------- $4.36
6E - $1.60 ---- $0.01 ------ $0.72 ------- $4.66


For the CTS platform they charge $0.50 per contract, capped at $500 per month (so 1000 contracts) after which you do not pay any additional platform fees. Regarding intra day trading and margins, Advantage Futures will start you with 2 to 1 leverage (50% margin) as long as you fund your account with a minimum of $10,000. After you have traded for a few weeks, we may increase that leverage to as much as, but not more than 4 to 1 (25% margin). You may fund your account in euros. All funds are held in a customer segregated account at Harris Bank in Chicago. Harris Bank is owned by the Bank of Montreal. The Canadian banks are highly regulated and have therefore escaped the credit issues that have recently plagued the U.S. system. If you do decide to fund in euros, you will want to convert a portion of your money into U.S. dollars to pay commissions and NFA fees.




Luke.

Take your Pips, go out and Live.
Luke.
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  #13 (permalink)
Elite Member
Asia
 
Futures Experience: Beginner
Platform: NinjaTrader, TOS
 
Posts: 798 since Jun 2009
Thanks: 109 given, 786 received


Call me silly but is Harris Bank under FDIC and what is the FDIC limit these days. Non US resident here hence the question.

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  #14 (permalink)
Elite Member
Italy (IT)
 
Futures Experience: Advanced
Platform: ATAS, R|Trader, NT8
Broker/Data: Rithmic
Favorite Futures: CL, Brent, GC, TF
 
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MXASJ View Post
Call me silly but is Harris Bank under FDIC and what is the FDIC limit these days. Non US resident here hence the question.

Can't get your point MAXJ, could u be more clear please.

Thanks.

Luke.

Take your Pips, go out and Live.
Luke.
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  #15 (permalink)
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LukeGeniol View Post
Can't get your point MAXJ, could u be more clear please.

Thanks.

Luke.

For a equities account with a broker you are protected up to $X under SIPC if the broker fails
For a bank account you are protected up to $X under FDIC if the bank fails
For a futures account with a broker you are not protected, I believe

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  #16 (permalink)
Elite Member
Italy (IT)
 
Futures Experience: Advanced
Platform: ATAS, R|Trader, NT8
Broker/Data: Rithmic
Favorite Futures: CL, Brent, GC, TF
 
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Posts: 1,501 since Apr 2010
Thanks: 408 given, 974 received


MXASJ View Post
For a equities account with a broker you are protected up to $X under SIPC if the broker fails
For a bank account you are protected up to $X under FDIC if the bank fails
For a futures account with a broker you are not protected, I believe

I think that when u have a segregated account, it is seen like a Bank account, separated from your broker, and therefore if broker fail the only part that that goes into bankrupty is the margin u use to hold opened positions.

Luke.

Take your Pips, go out and Live.
Luke.
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  #17 (permalink)
Elite Member
Italy (IT)
 
Futures Experience: Advanced
Platform: ATAS, R|Trader, NT8
Broker/Data: Rithmic
Favorite Futures: CL, Brent, GC, TF
 
LukeGeniol's Avatar
 
Posts: 1,501 since Apr 2010
Thanks: 408 given, 974 received

CFT

CFT, Cunningham Futures Clearing, told me that they charge .50 per side to the exchange and nfa fees, for trading with T4, but offer only 1/2 of initial margin.

Luke.

Take your Pips, go out and Live.
Luke.
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  #18 (permalink)
Elite Member
Frankfurt, Germany
 
Futures Experience: Advanced
Platform: TT
Broker/Data: Advantage Futures
Favorite Futures: Futures
 
Malvolio's Avatar
 
Posts: 141 since Nov 2010
Thanks: 93 given, 82 received

If someone want to see the T4 DOM comparing to Ninja/ZenFire, here is a short video:
YouTube - Ninja vs T4 (CTS)

Malvolio

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  #19 (permalink)
Market Wizard
New Orleans, La (Mardi Gras City)
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: Ninjatrader / Optimus Futures / AmpFutures
Favorite Futures: ES / 6E / 6B / CL
 
DavidHP's Avatar
 
Posts: 1,002 since Aug 2009
Thanks: 802 given, 1,367 received


Malvolio View Post
If someone want to see the T4 DOM comparing to Ninja/ZenFire, here is a short video:
YouTube - Ninja vs T4 (CTS)

Malvolio

That Dynamic Dom would drive me crazy.
I'm not sure how any active trader would be able to use it.

JMO

Rejoice in the Thunderstorms of Life . . .
Knowing it's not about Clouds or Wind. . .
But Learning to Dance in the Rain ! ! !
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  #20 (permalink)
Elite Member
Frankfurt, Germany
 
Futures Experience: Advanced
Platform: TT
Broker/Data: Advantage Futures
Favorite Futures: Futures
 
Malvolio's Avatar
 
Posts: 141 since Nov 2010
Thanks: 93 given, 82 received


You can use the DOM of Sierra Chart too. I just compared de CTS-T4 DOM with NT/CQG and noticed that they are identical! Later I will post a video.

Malvolio

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