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DeepDiscountTrading Broker
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DeepDiscountTrading Broker

  #141 (permalink)
Elite Member
San Diego, California
 
Futures Experience: Intermediate
Platform: Sierra Chart
Broker/Data: IB, OEC, Optimus, DDT
Favorite Futures: ES, ZN
 
Posts: 221 since Jun 2010
Thanks: 513 given, 157 received


TonyB View Post
Looks like DDT is $1.14, + exchange, per side, not $1 rt.

Maybe I'm reading this wrong, but with DDT, ES, each was is a total of $1.66:

DeepDiscountTrading.com - .50 Cents Per Side + Fees

For MBT, a total of $2.11:

https://www.mbtrading.com/commissions.aspx?page=Futures#

So, rt total for each:

DDT = 3.22

MBT = 4.22

You are right about MBT = 4.22, but DDT = 3.32, so 90 cents difference.

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  #142 (permalink)
Go Bears!
Bay Area, CA - US
 
Futures Experience: Beginner
Platform: TOS, TS & MC
Broker/Data: TDA & TS
Favorite Futures: Stock, Options and now Futures (ES)
 
TonyB's Avatar
 
Posts: 514 since Dec 2010
Thanks: 227 given, 134 received

Cory, thank you, and I agree. I'm already with TDA, and as a friend and I were just discussing, we'll be keeping at least one of those accounts, for various reasons. One just might be ToS...

omaha786, yah, a 90 cent delta is meaningful for many I would think. Originally you had stated DDT was $1 rt, which would have made for a huge difference. As far as the data for DDT and MBT, I can't comment as to the quality and quantity...

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  #143 (permalink)
Elite Member
Madison, WI
 
Futures Experience: Advanced
Platform: Sierra Charts, ALT
Favorite Futures: ES
 
aslan's Avatar
 
Posts: 614 since Jan 2010
Thanks: 342 given, 1,077 received



omaha786 View Post
You are right about MBT = 4.22, but DDT = 3.32, so 90 cents difference.

You guys are not adding in the platform fee for DDT. For RTrader, it is .30 a side, so your 3.22 just became 3.82, even with SC it is .05 per side plus platform fee.

I pay 3.50 with Optimus, and it is well worth it for the quality of the feed.

Looking at commissions is important, but I'll say two things. First, make sure you are comparing true ALL IN costs (matt only quotes all in). Second, don't get hung up on finding the lowest cost. If that is all you are worried about, then you might want to consider if you should really be trading at all. If a dime is causing you to be unprofitable, then you have bigger worries.

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The following 2 users say Thank You to aslan for this post:
 
  #144 (permalink)
Elite Member
San Diego, California
 
Futures Experience: Intermediate
Platform: Sierra Chart
Broker/Data: IB, OEC, Optimus, DDT
Favorite Futures: ES, ZN
 
Posts: 221 since Jun 2010
Thanks: 513 given, 157 received


TonyB View Post

omaha786, yah, a 90 cent delta is meaningful for many I would think. Originally you had stated DDT was $1 rt, which would have made for a huge difference. As far as the data for DDT and MBT, I can't comment as to the quality and quantity...

DDT is $1 rt + exchange fees

$3.32 for ES/NQ
$2.16 for ZN/ZB
$3.94 for CL
$4.24 for 6E

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  #145 (permalink)
Elite Member
San Diego, California
 
Futures Experience: Intermediate
Platform: Sierra Chart
Broker/Data: IB, OEC, Optimus, DDT
Favorite Futures: ES, ZN
 
Posts: 221 since Jun 2010
Thanks: 513 given, 157 received


aslan View Post
You guys are not adding in the platform fee for DDT. For RTrader, it is .30 a side, so your 3.22 just became 3.82, even with SC it is .05 per side plus platform fee.

I pay 3.50 with Optimus, and it is well worth it for the quality of the feed.

Looking at commissions is important, but I'll say two things. First, make sure you are comparing true ALL IN costs (matt only quotes all in). Second, don't get hung up on finding the lowest cost. If that is all you are worried about, then you might want to consider if you should really be trading at all. If a dime is causing you to be unprofitable, then you have bigger worries.

$3.50 for ES is a great rate. But not everyone get it.

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  #146 (permalink)
Market Wizard
Columbus, OH
 
Futures Experience: None
Platform: NT 8, TOS
Favorite Futures: ES
 
Silvester17's Avatar
 
Posts: 3,332 since Aug 2009
Thanks: 4,579 given, 10,313 received


TonyB View Post
Cory, thank you, and I agree. I'm already with TDA, and as a friend and I were just discussing, we'll be keeping at least one of those accounts, for various reasons. One just might be ToS...

omaha786, yah, a 90 cent delta is meaningful for many I would think. Originally you had stated DDT was $1 rt, which would have made for a huge difference. As far as the data for DDT and MBT, I can't comment as to the quality and quantity...

not sure if I understand correctly what you mean. but if you have a TDA account, you also have TOS.

TDA is offering TOS as a trading platform.

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  #147 (permalink)
Go Bears!
Bay Area, CA - US
 
Futures Experience: Beginner
Platform: TOS, TS & MC
Broker/Data: TDA & TS
Favorite Futures: Stock, Options and now Futures (ES)
 
TonyB's Avatar
 
Posts: 514 since Dec 2010
Thanks: 227 given, 134 received


omaha786 View Post
DDT is $1 rt + exchange fees

$3.32 for ES/NQ
$2.16 for ZN/ZB
$3.94 for CL
$4.24 for 6E

Ah, yes, the commission is 50 cents each way, my bad. I saw $1.14 for each side, and saw that as the commission...

As aslan said so well, there's more than just price, although it should be at least competitive. I had talked about the data earlier, and I'm glad that aslan mentioned it. I've heard, here elusively, that Rithmic is very good, and a great with OTG, so I've been reading. I like how Matt quotes ALL IN costs too...

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  #148 (permalink)
Go Bears!
Bay Area, CA - US
 
Futures Experience: Beginner
Platform: TOS, TS & MC
Broker/Data: TDA & TS
Favorite Futures: Stock, Options and now Futures (ES)
 
TonyB's Avatar
 
Posts: 514 since Dec 2010
Thanks: 227 given, 134 received


Silvester17 View Post
not sure if I understand correctly what you mean. but if you have a TDA account, you also have TOS.

TDA is offering TOS as a trading platform.

Sorry if not clear. I had and still have a paper account with ToS before the TDA purchase. And I've had had TDA / ToS for sometime now. I use Prodigio off the ToS platform. Hoping to have ToS like option functionality with SC or MC...

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  #149 (permalink)
Membership Revoked
 
Futures Experience: Beginner
 
Posts: 1,081 since May 2010
Thanks: 2,092 given, 595 received


TonyB View Post
Ah, yes, the commission is 50 cents each way, my bad. I saw $1.14 for each side, and saw that as the commission...

As aslan said so well, there's more than just price, although it should be at least competitive. I had talked about the data earlier, and I'm glad that aslan mentioned it. I've heard, here elusively, that Rithmic is very good, and a great with OTG, so I've been reading. I like how Matt quotes ALL IN costs too...

I rather have DDT giving me a total transparent view of all the costs than a one price carries all costs.

Why ? Because it's way cheaper that way, transparency = cheapest/most honest.

I will say that DDT will even go lower in comissions if you increase size. I like it also that I can select my platform/datafeed. I'm not married to TT or others. Rithmic also doesn't let you trade Eurex. So for example you can't trade the DAX or other interesting money making european products.

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  #150 (permalink)
Market Wizard
Boca Raton
 
Futures Experience: Advanced
Platform: Variety
Broker/Data: Optimus Futures, LLC
Favorite Futures: Futures
 
mattz's Avatar
 
Posts: 2,059 since Sep 2010
Thanks: 1,932 given, 2,781 received
Forum Reputation: Legendary



MetalTrade View Post
I rather have DDT giving me a total transparent view of all the costs than a one price carries all costs.

Why ? Because it's way cheaper that way, transparency = cheapest/most honest.

I will say that DDT will even go lower in comissions if you increase size. I like it also that I can select my platform/datafeed. I'm not married to TT or others. Rithmic also doesn't let you trade Eurex. So for example you can't trade the DAX or other interesting money making european products.

I only offer Rithmic with Sierra as discussed in this thread. I quote commissions that are all in, not commissions ONLY as some put on their site. If customers need the breakdown, I am always more than happy to report it.
In my eyes its not fair to quote commissions only and then to discover there are also platform fees associated.
If you prefer to know commissions only, its your prerogative. I can tell you that after nearly 15 years in this business most customer want to know the prices all in.

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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