Index Futures (eSignal/Interactive Brokers)

sleepy · 2 December 2009

Im about to trade Futures for first time and have recently subscribed to the following esignal RT data feeds (via data only option) at a cost of around $200 US that I will input into my charting software:

#1. US e-Mini Futures (e.g., S&P 500, NasDaq-100, Russell 2000, Dow Jones Industrials)

#2. UK/European Futures Indices (e.g., UK FTSE 100, French CAC40, Dow Jones EuroStoxx50, German DAX)

In order to actually trade these markets via Interactive Brokers do I need to sign up for a bunch of exchanges and pay additional costs to Interactive Brokers?

And if so can someone please indicate which markets and the likely cost (i.e, do I have to pay twice)

I have previously traded stocks via Interactive Brokers but not Index Futures.

sleepy

matty2.0 · 9 December 2009

sleepy said:
Im about to trade Futures for first time and have recently subscribed to the following esignal RT data feeds (via data only option) at a cost of around $200 US that I will input into my charting software:

#1. US e-Mini Futures (e.g., S&P 500, NasDaq-100, Russell 2000, Dow Jones Industrials)

#2. UK/European Futures Indices (e.g., UK FTSE 100, French CAC40, Dow Jones EuroStoxx50, German DAX)

In order to actually trade these markets via Interactive Brokers do I need to sign up for a bunch of exchanges and pay additional costs to Interactive Brokers?

And if so can someone please indicate which markets and the likely cost (i.e, do I have to pay twice)

I have previously traded stocks via Interactive Brokers but not Index Futures.

sleepy

No you shouldn't have to sign up to the exchanges.
But costs paid to the exchange will (or should) come from fees paid to them when you establish a position. The fees are built into the commission for establishing a position. Fees to exchanges are usually miniscule.

E.g My broker usually charges an exchange/clearing fee of about $0-$5 (depending on the exchange) per contract + commission paid to the broker per contract.

Most of the time the fee to the exchange is usually about $1/contract on average.

I didn't have to sign up to each exchange for my brokers. That being said, I've never traded international futures contracts via IB specifically. IB seem a bit more complex with the array of product offering and commission structures they let you choose from.

Index Futures (eSignal/Interactive Brokers)

sleepy

matty2.0

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