It means more liquidity, tighter spreads, and overall less expensive futures for everyone.
That's best achieved by deciding not to charge 6 times Gox's already steep charges.
"Challenge accepted"!
We just introduced a new, very experimental and short (one month) futures contract
BUK3 (BTC/USD-05.13).
Features:
- 10 times lower trading fee! (subject to your usual volume discounts too)
- Expires 25th of March (so it trades roughly one month)
- 0.0001 BTC clearing fee per 1 contract (to fight buy-and-hold-till-expiration strategy). It's taken during each scheduled clearing (twice a day) if you have this futures in your balance tab by the moment clearing happens!
Let's see what this experiment shows. The first trading session has enhanced price limits and increased margin requirements. The first clearing will be free (no clearing fees will be deducted).
Hey now that's more like it! Thanks for giving this a go, I'm very interested to see how this works out. I hope and expect you'll pick up more speculative volume.
Wow the trading range is wide too.
I think you mean 25th May not March above.