Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

Recommended Posts

I own two seats. One I trade on, one I lease. It occurred to me that the exchanges make it very difficult to lease seats. Many traders don't even know you can, or how to do it. Parts of exchanges are in the 21st century. Leasing isn't. It's a call around market. We programmed it to make it electronic. It's fully automated, with automatic paperwork and auto bidding and offering. You click to confirm a trade.

 

after polling a lot of folks in the trading community, I found that many didn't even know you could lease a seat and save big money on commish.

 

So we created a calculator that is free to use. For example, if you trade 26 cars a day per side in the emini, you should be leasing a seat at $400 per month. That's break even.

 

Check it out and if you trade any volume at all, start saving money.

Share this post


Link to post
Share on other sites
I own two seats. One I trade on, one I lease. It occurred to me that the exchanges make it very difficult to lease seats. Many traders don't even know you can, or how to do it. Parts of exchanges are in the 21st century. Leasing isn't. It's a call around market. We programmed it to make it electronic. It's fully automated, with automatic paperwork and auto bidding and offering. You click to confirm a trade.

 

after polling a lot of folks in the trading community, I found that many didn't even know you could lease a seat and save big money on commish.

 

So we created a calculator that is free to use. For example, if you trade 26 cars a day per side in the emini, you should be leasing a seat at $400 per month. That's break even.

 

Check it out and if you trade any volume at all, start saving money.

 

I was aware of leasing seats, the potential savings for trading volume, and the bid/offer process.

 

But I thought the process also involved an interview at the exchange, or is this just for purchasing a seat?

 

BlueHorseshoe

Share this post


Link to post
Share on other sites
Can anyone share a good website that well describes "leasing seats"? I don't have more info about it.

 

If you look on the CME website there's a link. Not sure it's quite as straighforward as the first post might lead you to believe though (though, obviously, it's not impossible!).

 

And unless you're doing a serious number of round trips or want to trade on the floor, you might do just as well to try and talk your broker down on commissions.

 

Hope that's helpful.

 

BlueHorseshoe

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • $CSCO Cisco Systems stock, nice top of range breakout, from Stocks to Watch at https://stockconsultant.com/?CSCOSEPN Septerna stock watch for a bottom breakout, good upside price gap
    • $CSCO Cisco Systems stock, nice top of range breakout, from Stocks to Watch at https://stockconsultant.com/?CSCOSEPN Septerna stock watch for a bottom breakout, good upside price gap
    • MNST Monster Beverage stock, top of range breakout above 60.45, from Stocks to Watch at https://stockconsultant.com/?MNST
    • ...hallucinates.... Student: “What if we gave the monkey LSD?” Guru: “The monkey already did LSD”
    • Question: To those that had/have cancer, what were the signs that made you think “something is not right here” to make you go see a doctor? Answer: So, 5/25/2018, I woke up, got ready for work, and as I walked to my car, I started gagging. Like something was stuck in my throat and I needed to clear it. And then it went away.   But 10 minutes after that, I was T-boned at 40mph on the driver side door. But what made me see a doctor was while my muscles felt better and bruises were going away, the gagging still continued, I started having fevers, my neck felt swollen, I was having such a hard time breathing, and I'd have random sharp pains in my chest, but not from where the seat belt saved me.   2 weeks after the accident, I finally see an urgent care doctor, who looks me over, tells me I'm fine, but luckily requests a neck X-ray. And I ask for a chest X-ray, which he rolls his eyes but let me have (most of my pain was in the neck, so I understand).   The very next day, he calls and says “So, that chest X-ray shows there's a 4 inch mass on your heart and lungs, and your lungs have been filling up with fluid, as well as in your pericardial (heart) wall. We need you to come in tomorrow.”   Turns out the big mass, due to the accident, caused my heart and lungs to tear and fill with fluid, the swollen neck and gagging was caused by 2 metastasized tumors, and the fevers and weight loss were symptoms. Stage 4b Hodgkin's Lymphoma.   But thankfully, we went very aggressive with chemo (and had a lot of bad side effects that don't normally happen to patients), and now I'm about 16 months cancer-free. Yay lucky X-rays! Rachel Jurina, Quora Source: https://www.quora.com/To-those-that-had-have-cancer-what-were-the-signs-that-made-you-think-something-is-not-right-here-to-make-you-go-see-a-doctor   Profits from free accurate cryptos signals: https://www.predictmag.com/  
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.