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Fixed Trading Expenses, how much do you spend?


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Fixed Trading Expenses, how much do you spend?

  #11 (permalink)
 
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 Big Mike 
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Garachen View Post
My costs for trading infrastructure, hosting, lines, software, feeds is $120,000/month. Everything seems to be getting more expensive lately.

I was mainly aiming the poll at retail traders and not institutional traders or desks

Mike

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  #12 (permalink)
 artemiso 
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Garachen View Post
My costs for trading infrastructure, hosting, lines, software, feeds is $120,000/month. Everything seems to be getting more expensive lately.

Hey Gara, I've seen you post elsewhere and it's nice to see you here. I'm guessing that you're working completely on your own? That's a remarkable feat in itself.

P.S.: Yeah, the expenses are getting out of hand. We're "paying" about the same order of magnitude on monthly amortization alone.

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  #13 (permalink)
 
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 chris12 
annecy france
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Sierra chart annual fees : 420$
IQ : 110$ /month for Eurex

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  #14 (permalink)
 
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 Daytrader999 
Ilsede, Germany
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I'm paying $60 / month for one of Sam's great VPS and recently added $49 monthly subscription fee for Greg's (Tradervue) journaling application.

Since I own an NT lifetime license, there are no further expenses for platforms, data feeds, etc.

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  #15 (permalink)
 
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 Fadi 
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Daytrader999 View Post
Since I own an NT lifetime license, there are no further expenses for platforms, data feeds, etc.

Where do you get your realtime intraday quotes from? Broker?

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  #16 (permalink)
 
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 Daytrader999 
Ilsede, Germany
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Fadi View Post
Where do you get your realtime intraday quotes from? Broker?

Yes, I think I forgot to mention that Mirus provides me with Zen-Fire data feed.

@Fadi:

I should also mention that the 'no-cost rule' for Zen-Fire data feed from Mirus only applies if you have at least 5 RTs per month...if not, you'll get charged with $25 inactivity fee if you connect to the data feed during your time of inactivity.

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  #17 (permalink)
 
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 Fadi 
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Daytrader999 View Post
Yes, I think I forgot to mention that Mirus provides me with Zen-Fire data feed.

Yeah I saw that on your profile after having submitted my question, sorry.
Unfortunately my IB data feed is not good, and I have to source externally...

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  #18 (permalink)
 
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 Big Mike 
Manta, Ecuador
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Daytrader999 View Post
I'm paying $60 / month for one of Sam's great VPS and recently added $49 monthly subscription fee for Greg's (Tradervue) journaling application.

Since I own an NT lifetime license, there are no further expenses for platforms, data feeds, etc.

Both of those services have discounts for Elite Members, did you use them?

Mike

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  #19 (permalink)
karoshiman
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$20 per month over here for globex value bundle via TradeStation.

Stopped paying for ICEUS, EUREX, etc. as I currently trade only the globex futures.

Don't have to pay the $99.95 account service fee per month as I was so far able to meet the minimum criteria (e.g. 10 round turns p.m.).

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  #20 (permalink)
 
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 Daytrader999 
Ilsede, Germany
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Big Mike View Post
Both of those services have discounts for Elite Members, did you use them?

Mike

I'm afraid I didn't...perhaps I should get in touch with both Sam and Greg.

Thanks for pointing that out Mike.

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Last Updated on May 19, 2013


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