Trade
Futures On A Level Playing Field |
E-mini futures trade on the CME’s Globex® electronic
trading system. These futures trades are matched on a First-In-First-Out
(FIFO) price algorithm. That means no one has an advantage
over you in the execution of your order. All orders for these
futures products trade in this one centralized market. You
do not need to worry about where to route your order for the
best fill. Return to top
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Immediate Access Using RealTick |
RealTick gives you immediate access to the CME Globex futures markets. The same platform that was rated #1 in trade technology by Barron’s (March 2005)*, brings its speed and tools to the futures markets as well. Return to top
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E-mini futures’ market depths and volumes are among the highest of any traded instruments. They are clearly the product of choice for active daytraders. Daily volumes for the S&P 500 E-mini have been in excess of 2,000,000 contracts with record volume in excess of 4,000,000 contracts traded in a day. All this trading takes place at the single location of the CME Globex matching engine. You do not need to search for the greatest source of liquidity to execute your trade.
E-mini S&P volume dwarfs the volume of the competing SPY. One S&P 500 E-mini contract is equivalent to 500 shares of SPYs. That means the recent average daily futures volumes of 2,000,000 contracts is equivalent to a daily volume of 1 billion shares of SPYs. SPY average daily volume is only a fraction of this amount. Return to top
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Low Margins (Performance Bonds) |
Margins in futures trading are known as Performance Bonds.
Minimums are set by the exchange on which the contracts trade.
The concept is to set the amount high enough to guarantee
that the trader can cover the market moves likely in the short
run on his position, yet low enough to not tie up excess capital.
The result is that E-mini margins typically fall in the neighborhood
of 10% of contract value.*** Return to top
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No Regulatory Restrictions on Account Sizes for Day Trading |
There are no regulatory limits on account sizes for daytrading
in futures markets such as the $25,000 minimum necessary for
daytrading stocks. Return to top
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No Restrictions on Short Sales |
All purchases and sales are executed in the same manner.
No distinction exists between a short and a long sale.
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Daily
Marked-to-Market Settlement |
Margins are released as soon as a trade is liquidated. All
realized & unrealized funds are immediately available
for use as margin or can be withdrawn without waiting for
a T+3 settlement. Return to top
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As an active trader, you view your trading as you would
a business. You are always looking for ways to reduce your
operating costs to help increase your profits. One of the
attractive features of E-mini trading is the relative lower
cost compared to traditional stock trading. For example, 1
E-mini NASDAQ 100 contract is equivalent to 800 shares of
QQQs. What would your cost be for trading 800 QQQs? Return
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Click
here to view the Terra Nova Trading Futures Disclaimer. |
*Offer is $1.25 per contract, per side plus fees for E-mini
trades only. Offer is good for new accounts only and is
good
for 30 calendar days from the date the account is funded.
Account must be funded within 30 calendar days of opening.
Minimum funding of $5,000 is required. No other promotions
and/or offers apply. RealTick software rebates will not
be available during this promotional period regardless of
the number of contracts traded. After 30 day promotional
period ends, all fees will return to our normal commission
schedule. Please consult with our TNT support staff for
commission
rates and complete information. Additional charges may apply.
* Futures were not rated.
***Terra Nova or its Clearing Firm may require a larger
initial performance bond. CME initial performance and maintenance
bonds may also vary over time. The degree of leverage that
is often obtainable in futures trading can work against
you as well as for you and as a result, can lead to large
losses as well as gains.
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