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Fort Collins, CO | Thank you, thereaper, for the shoutout.
That's fair; we do trade a lot. If our customers were paying what I'll call full-blown retail commissions, we couldn't, in good conscience, operate the way we do.
Currently, our Quartzite Precision Marketing customers pay a little less than an eighth-cent per round turn (about $5.64 per contract all-in) for fees and execution through the brokerage we use. We don't get any of those fees. We charge a flat per-acre fee each season, and that's it on our end. When we set up this fee structure, we did our best to avoid conflicts of interest and unintended consequences. I think it's fair to say that we trade based on what we believe to be our customers' best interest and certainly not to ring the commission cash register.
Since we're set up as a Commodity Trading Advisor, not as a brokerage, we maintain trading authority over our customers' accounts and handle the day-to-day execution of our strategy. We have a scheduled weekly call with each of our customers to keep us aware of conditions in their fields, verify they're comfortable with their current exposure, and ensure that we're meeting their expectations. We think that structure allows our customers more time to focus on the other parts of their business.
Like thereaper mentioned, it's not for everyone. Beyond that, all strategies carry risk, and trading futures and options always involves risk. If you're interested in learning more, you can read a brief pitch here:
https://www.quartziteriskmanagement.com/qpm
Thanks,
James
Edited by qrmllc 7/6/2022 14:54
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