Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
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 for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
NinjaTrader Static DOM fees when trading CL Futures
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.
My understanding is that it applies to all contracts.
Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
1 800 771 6748 local 561 367 8686 email [email protected]
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...
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.
