Traders Laboratory - View Single Post - banks/firms plan to launch their own futures exchange to lower commissions
Thread: banks/firms plan to launch their own futures exchange to lower commissions
View Single Post
  #2 (permalink)  
Old 12-25-2007, 12:34 AM
brownsfan019's Avatar
brownsfan019 brownsfan019 is offline
brownsfan019 is feeling the pain of losing a dog

 
Join Date: Jan 2007
Posts: 2,105
Thanks: 34
Thanked 86 Times in 56 Posts
Re: banks/firms plan to launch their own futures exchange to lower commissions
If this cuts retail rates - permanently or otherwise - I'm all for it!! Doesn't sound like history is on their side, but there are some hefty names mentioned in the article. You know the CME is not happy about this and we'll see how much on the offensive they go to keep business there.

If this new exchange can offer lower rates with the same reliability as Globex, I would consider trading/routing orders there. Maybe this will be something like stock traders do - deciding what exchange to route their order to.

Reply With Quote