FTX might have changed futures trading forever

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  • Опубликовано: 30 янв 2025

Комментарии • 31

  • @NM-ex4jk
    @NM-ex4jk 2 года назад +11

    Matt, you are such a good man. I hope everyone in your life appreciates you, and sometimes when they don't, forgive them for it.

    • @DTND
      @DTND  2 года назад

      Thanks so much NM. I try my best and they do, most of the time lol!

    • @isoflight667
      @isoflight667 2 года назад

      He looks out for his subscribers. Love that you told us about this news, i have not realised and hard to miss for others.

  • @the_hareball
    @the_hareball 2 года назад +1

    Great insight about reviewing AMP's annual financial statements. I had no idea those were posted. Thanks!

    • @DTND
      @DTND  2 года назад

      Hey Hareball!
      Yes and it shows not only their their assets and detailed segregated client funds, it also shows all its LIABILITIES - not just customer funds, but everything right down to bank loans, mortgages etc. These crypto firms may show their assets, but won’t show their liabilities, including binance for instance. It’s unreal how they’re allowed to operate like that.

  • @holdReset
    @holdReset 2 года назад +2

    Glad to hear you’re feeling a little better! Best of luck with your moms place and all that insurance jazz. Good heads up on the CME application, very interesting!

  • @jmk1247
    @jmk1247 2 года назад +3

    Glad to see you up & around Matt, Wishing you a merry Christmas to you and your family. Also a big thanks to you for the help this year and all the videos, you are the reason I'm doing well in the market.

    • @DTND
      @DTND  2 года назад

      Merry Christmas to you and yours Jim, and congratulations on your success!

  • @grimminatorXYZ
    @grimminatorXYZ 2 года назад +4

    This is such an interesting topic. If the CME were to become the sole proprietors of futures trading, would that mean no more commissions? Sounds good but then there’d be no more competition between brokers for business, no incentive for the CME to vie for our business? Many factors to consider

    • @DTND
      @DTND  2 года назад +2

      It could really change the dynamic. This is probably years down the road but you never know. I wonder if they would offer "seats" for a better price and therefore no commissions? They would definitely charge us one way of the other lol. He makes a comment on one of the interviews, something to the effect of "who knows what an FCM will look like in 5-10 years" and if they get this FCM licence I expect it will be different, though I expect the overall cost and efficiency should improve.

  • @iiNgONYaMa
    @iiNgONYaMa 2 года назад +1

    I believe that margins ought to be kept reasonably for the retail trader.
    Also I think that a major issue is cme offering instant tick by tick information to platforms /brokers so we can trade better

  • @RickSEA-7733
    @RickSEA-7733 Год назад

    Hi Matt, So glad I found your channel, thank you for sharing your journey, I really appreciate it!!!!! I have a couple of questions. What broker do you use to trade ES? I have been using TOS but their commissions are high compared to most and their margins are high. Also, what editing software do you use when making your YT videos? Thanks ahead of time for looking at my questions and look forward to getting to know you through your videos. Rick

  • @Kilo80Kilo
    @Kilo80Kilo 2 года назад

    Idk what I think about CME, but I know I want one of them burgers! You are such a relatable human being. A trader's trader. Merry Xmas! Looking forward to next year's content!

    • @DTND
      @DTND  2 года назад

      Thanks so much Kilo! I'm really looking forward to making it too.

  • @tradebum
    @tradebum 2 года назад +1

    I would say yes but only if they aren't going to gouge me on the fees.

  • @whitestork3896
    @whitestork3896 2 года назад

    Hi Matt!
    Fascinating topic! Thanks for bringing that up, I wasn't aware of these developments. I don't really follow crypto stuff. Got discouraged once I put some play money into Ethereum following someone's advise and lost 90% of it (unrealized loss). Decided it's a waste of my time. Why focus on an underdeveloped market when there are so many opportunities in traditional, well regulated, liquid markets? Also, as I grow older, I am opening my eyes more to how many grifters and narcissists are out there. It's insane! One really has to be careful.
    P.S. Duffy sounds like the right man for the job. I will research him now. Thanks :)

  • @zocrates3936
    @zocrates3936 2 года назад

    I wonder what the margin requirements would be if it would be out of reach for smaller accounts trying to get in
    Ninja trader vs think or swim, the margin requirements to trade futures is TOS is much higher than ninja which makes it more accessible.
    I wonder, I like the idea of ridding the middle man though 🤔

    • @DTND
      @DTND  2 года назад

      That is a good observation. I look at it this way - the CME already has margins - they set the exchange margin which is over 10K for a single ES. It's all hypothetical at this point, but if they wanted to attract retail customers, they would have to offer lower intraday margins. If they don't, or if they aren't low enough, I'd expect our traditional FCMs would still have plenty of business. I really don't expect they would offer the margins that discount brokerages do, but if they offer something in the middle like TOS etc., it could be quite disruptive.

  • @6044rick
    @6044rick 2 года назад

    Hi Matt, did you keep 10k in your trading account while you were in your accumulation fase? I can imagine you would have kept more in there since you were trading much bigger size.

    • @DTND
      @DTND  2 года назад +1

      Hey RIck, I kept 30k and progresively up to 50k in it when I was really pushing the gas pedal.

  • @wol_ves
    @wol_ves 2 года назад +1

    I would be a little concerned. I enjoy day trading as a hobby rather than an income source, and just trade 1 contract of the micros. I like the fact that I only need to put a couple hundred dollars in there, and probably wouldn't be interested in continuing if the margin requirements were to go up by a lot. I don't necessarily like that we have to go through brokers, and don't really feel any strong connection/loyalty to the broker I've chosen to use, but at the same time I would have worries about CME taking on the role of broker unless they were able to clearly articulate a plan to not limit trading by those needing lower margin requirements or those living in foreign countries.

    • @DTND
      @DTND  2 года назад

      I wouldn't expect the CME to offer discount rates, and if they don't, the traditional discount FCMs should still have plenty of business. If they meed somewhere in the middle though, it could be quite disruptive to the combination brokerages like TD, IB and banks.

  • @VinchenzoC
    @VinchenzoC Год назад

    So like buying your car directly from the factory and bypass car dealerships. Like that, I'd say can't be soon enough! Buy I've grown fond of my brokers, and also don't want their jobs lost.

  • @mikebleecker752
    @mikebleecker752 2 года назад +4

    Matt your video makes you look like your back side is on fire.

    • @DTND
      @DTND  2 года назад +2

      Hey Mike, I was waiting for someone to say that ha!

  • @deyandyankov9896
    @deyandyankov9896 2 года назад

    hey Matt, first comment from me here - I've been lurking for a long time. A couple of thoughts on CME becoming a broker.
    I think that for US-based retail traders this will be extremely beneficial in terms of fees. I imagine that the fees will be lowered significantly and I'm sure, as you said, that CME will have very robust risk management.
    On the other hand, things may not change too much for retail traders from abroad. CME will not bother, at least initially, to do due dilligence and verification for retail traders from abroad, because this is very complex and differs in different countries and jurisdictions. Therefore, brokers such as IB will keep providing services to international retail traders (if they manage to stay afloat) - but I reckon they'll lose much of their US customer base.
    Also - the whole FTX/SBF thing is a complete cluster. Looks like it will take a decade to fully untangle since there's certainly been a lot of wrongdoing. I'm happy I didn't go anywhere near crypto.

    • @DTND
      @DTND  2 года назад +1

      Hey Deyan, nice to hear from you on here!
      I think if they are approved we will see a change in what FCMs look like in the next 5-10 years as Duffy remarked in one of his interviews. Agreed even if they do serve the public directly, there will still be a need for outside FCMs for people outside of the USA or who want to trade from their combined investments like the IB Universal account system etc. Should be a very interesting few years. I'm just glad FTX never got there, and if Binance for instance were to apply instead, I don't think the regulators will be so open.