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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...
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.
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...
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...
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.
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.
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