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PureBytes Links
Trading Reference Links
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Peregrine Financial (PFG) offers an attractive commission strucure as
you describe. It's called PRO-RATE. If you trade multiple SSF
contracts there is a special rate. It's about $25.00 per side, for
the whole trade, up to 25 contracts. Similar rates above 25 contracts
are also available. Call Peter Slaga at 1-877-494-8188 for
information, or go to the Peregrin Financial
website:http://www.pfgbest.com/announcements/prorate_pricing.asp.
Peter is a great source of help, and you never get pressured by him
to do anything.
I have no connections with any of the above, other than being a very
satisfied customer.
-- In realtraders@xxxxxxxxxxxxxxx, I4Lothian@xxxx wrote:
> Carl:
>
> I would agree with you about you trading style. Using the cash
stocks is
> probably the best way to go, unless you had a bearish bias. Then
the lack of an
> uptick rule might be useful.
>
> I must confess that I have a problem with the SSFs being so small
and with
> the commission pricing structural differences between SSFs and cash
stocks. In
> fact, I have asked one of the exchanges to consider going to a
round lot of 10
> contracts. What this means is that if you trade 1 contract or 10,
you are
> charged as one transaction, similar to the cash equities. I think
this would
> increase the desirability of SSFs for traders like yourselves, as
the economics
> would be greater for both you and your broker.
>
> From a broker's standpoint, not many want to promote SSFs because
they are so
> small and the commissions need to be so low to be competitive.
With the
> round lot protocol, this pressure on commissions would be reduced.
>
> Regards,
>
> John J. Lothian
>
> Disclosure: Futures trading involves significant financial risk.
SSF trading
> is not for everyone.
>
> In a message dated 5/26/2004 6:42:38 AM Central Standard Time,
> carlvan@xxxx writes:
> Thank you for your clarification, but the fact remains:
> When I day-trade stocks, I often exit the trade with only 10 to 15
> pts; thus for 1000 stocks purchased, its a $ 100 to 150 gain, and I
> am happy with that. Now, if I trade the SAME stock in its SSF
> version, and that the spread is 5 pts instead of 1 pt, my benefit
> would be only $50 to 100 refering to the example I gave.
> This a huge difference !
>
> Therefore I still do not see any advantage switching to SSF
trading,
> at least my "business case"
>
> Regards
> Carl
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