Just did my P&L. Thought I had a good day trading. I did, 109 Euribor ticks. (109 * 12.5 Euros = 1362.5 Euros) Then it was time to figure out how much in fees I paid.
Contracts trade = 2450 (Approx.)
Exchange fee = .28p / 0.68 = .41e
Clearing fee = 0.09e
Total = 0.50 * 2450 = 1225e
Net = 1362,5e - 1225e = 137.5e
Yeah, I made 137.5 euros which means I barely covered my desk fees.
But more importantly, I made 1004.5 euros for those swell people at the LIFFE exchange.
F***
😡 😡 😡
I used to complain about paying $4500 a month to lease an associate membership at the CBOT. Little did I know how good I had it.
Actually, I should get back about 200e in rebates at the end of the month. So you see, they really are generous letting me make 350e while they keep 800e. Thanks guys. 😈
Contracts trade = 2450 (Approx.)
Exchange fee = .28p / 0.68 = .41e
Clearing fee = 0.09e
Total = 0.50 * 2450 = 1225e
Net = 1362,5e - 1225e = 137.5e
Yeah, I made 137.5 euros which means I barely covered my desk fees.
But more importantly, I made 1004.5 euros for those swell people at the LIFFE exchange.
F***
😡 😡 😡
I used to complain about paying $4500 a month to lease an associate membership at the CBOT. Little did I know how good I had it.
Actually, I should get back about 200e in rebates at the end of the month. So you see, they really are generous letting me make 350e while they keep 800e. Thanks guys. 😈