TT Settlement

[Savage1701]

So this means I have to pay a dime a side, or 20 cents round trip, for every trade I make thru this system ? And how is this supposed to be paid for ? Is my broker going to tack this on ?

[NinjaTrader_Ray]

Yes, customers using the SuperDOM screen will have to start paying a variable royalty rate starting at 0.10 per side come January 2006. Details of how this will be collected is still unknown. As we know more, we will release more details.

[miked11]

How about those of us who don't use the DOM? Will we have to pay????

[steve0617]

Savage1701 wrote: So this means I have to pay a dime a side, or 20 cents round trip, for every trade I make thru this system ? And how is this supposed to be paid for ? Is my broker going to tack this on ?

Not sure how NJ will do it, but with PATS, when they added their dime on for their settlement with TT, my broker added it on for each side of each trade.

Not going to speak for NT, but that's how Me->PATS->TT gets their dime from me.

Damn lawyers.

[NinjaTrader_Ray]

miked11 wrote: How about those of us who don't use the DOM? Will we have to pay????


No. Once royalty payments start in 2006, we will have versions of NinjaTrader without the SuperDOM screen for those who do not use it.

[cody]

Is the NT super-dom demonstrably faster than other doms?

[jtrader]

Question about the fees

IS the 0.10 perside/ per contract?

Or is ita flat fee per side, no matter how many contracts in a single trade??

[NinjaTrader_Ray]

per side per contract

[trymph]

Any thoughts to have a switch in NT to make all orders local on the ussers hard drive as in the sim stops? Probably more dangerous that its worth but even if could keep orders on the brokers servers than goin to the exchange would beat the fee and be a little safer than the user hard drive. This could get expensive if someone does alot of trailings.