There are currently no monthly reoccurring fees to access the platform. There are no additional mark-ups for spread trading; spreads are cleared net at the price on the screen.
GX2 Spread Markets is principal to all trades whether executed as a spread strategy or on an outright basis.
You will not pay EFP charges when trading on GX2SM. GX2SM does not typically use EFP’s to execute futures. We dramatically reduce fees by giving up futures trades executed in the central limit order book of the exchange. These trades are given up electronically to a customer’s clearing broker. An 11 cent per contract give up fee will be charged to cover fees at the futures exchange.
GX2SM will be available in the most volatile markets. In fact, we believe the system performs best and delivers the most value to our customers in this type of market dynamic. We’ve had traders successfully execute strategies on the most volatile market days, such as BREXIT, without any legging risk.
GX2 does not limit the number of legs included in a strategy. In theory, you can execute as many as your strategy includes. In practice, we have seen 18 legs execute successfully.
GX2 Spread Markets will continue to post price levels, but will reduce bid/offer sizes to zero on our screens approximately a minute prior to and 30 seconds after a known economic release.