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)
The New Micro Contract - MICRO BITCOIN coming May 2021
it did not take massive infrastructure chagnes to list bitcoin futures or bitcoin micro futures. it is very simple this day and age. you can buy a nasdaq trade engine pretty cheap these days and many HFT firms have them and run them in unison with the actual markets. consider it a way to see slippage before it happens if they are going to make a large trade.
the CME has a monopoly and is a for profit company that uses all of our trades to charge us fees for our own data that we create.
it is absolutely ridiculous the fees they charge retail to make trades. ALL and i mean ALL other venues of tradign have actually reduced their fees as volumes have increased and technology had become much much cheaper.
technology is net deflationary.. ANYONE who say s oh the cme must charge these fees needs to rethink and reevaluate what they are saying.
Stocks can be traded for free there is no reason micro contracts or even full size conracts should be costing retail 1 dollar to 3 dollars roundtrip. it is all set up for hft and memnber pricing and to keep you and me from scalping too much or becoming synthetic market makers. they want liquidity so long as their member firms can capture the riskless trades and we pay into them dearly.
there is no reason for the huge costs invovlved with trading futures contracts..
trading spy is cheaper than micro contracts if you have the cash and you will save money due to the 1 cent increments versus 1/4 point intervals in the es micro and mini.
the mini es is still a better deal than straight up spy but not by too much..
cme should lower fees on everything instead of alwys raising them.
Can you help answer these questions from other members on NexusFi?
CME needs to lower the fees and margin requirements on these contracts. If you could scalp BTC/ETH for ticks similar to ES/Bonds they could easily steal a TON of market share from Binance/FTX whose fees are pretty horrendous for scalpers unless you're at a prop firm. Obviously you need the liquidity, so what comes first?
It seems like alot of the new generation of traders (Gen Z etc) are more interested in Stocks/Crypto at present. So accessibility is a priority. These crypto contracts can easily be a gateway to rest of the CME Product line...
