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Aspire Trading Company
30 S. Wacker Drive
Suite 1102
Chicago, IL 60606
(312) 638-5190
Click on the question from the list to view the answer.
To whom does Aspire offer its services?
What is a trading room?
If I trade from a remote location, can I visit the trading room in Chicago?
What type of connection do I need in order to trade from a remote location?
What is the minimum initial account balance?
Will Aspire help me learn how to trade?
What else can I expect to learn if I become an Aspire customer?
What is the commission structure at Aspire?
To whom does Aspire offer its services?
Aspire offers electronic futures trading services to those who wish to trade the markets with direct access. A customer can trade in the Aspire trading room, located in the Chicago Mercantile Exchange Center, or from a remote location. Aspire has customers who are extremely active, trading thousands of contracts per day, customers who trade only once or twice a day and others who are in between those extremes. Among the customers are: individuals who use their own capital; proprietary trading groups; private money managers; and Commodity Trading Advisors and Hedge Fund Managers.
What is a trading room?
A trading room-sometimes called an arcade-is any location at which traders gather together to trade electronically. In the Aspire trading room, we provide hardware, software, connectivity to the exchanges, access to charts and news, squawk box services, educational assistance and customer support. There are two main benefits associated with trading in an arcade: 1) traders can appreciate significant cost savings; and 2) traders create a "community", in which they share ideas, learn from each other's successes and failures and provide each other with intellectual and emotional support.
If I trade from a remote location, can I visit the trading room in Chicago?
Our remote customers are welcome to visit the trading room whenever they like. In fact, we encourage them to come to Chicago prior to opening an account. Whether a visit is possible, we are in frequent communication with our remote customers. We will spend as much time on the phone or sending emails as is necessary to meet our customer's needs.
What type of connection do I need in order to trade from a remote location?
We highly recommend that you use a DSL line or cable modem. Trading over a dial-up line is possible, but strongly discouraged.
What is the minimum initial account balance?
We require a minimum initial account balance of $50,000.
Will Aspire help me learn how to trade?
We take seriously the need to educate and support our customers. Before a customer begins trading through Aspire, we tailor a training program specifically based on the customer's expectations and abilities. For novices that means starting with the basics: the theory behind the futures markets; the dynamics of the marketplace; examining the activities and motives of market participants; and understanding technical and fundamental analysis. For more experienced traders the focus is on helping them understand how to translate their futures trading skills to an electronic environment.
What else can I expect to learn if I become an Aspire customer?
The principals-all of whom are successful traders-will share their strategies and risk management techniques with customers. While following these strategies cannot guarantee profitability, we believe that discussing our methodologies with our customers stimulates a valuable thought process and interaction. The goal is not necessarily to get our customers to trade like we do-indeed, there are many different ways to make money trading futures-but to help build the trader's confidence and enable him or her to think about the market as professional traders do.
What is the commission structure at Aspire?
Since we cater to the professional trader-and those who “aspire” to that level-our commission structure is among the most aggressive in the electronic futures world. The actual commission charged is contingent on many factors, including: volume of contracts traded; whether one trades from our facility or a remote location; which markets are traded and whether the connection to our network is direct or through the internet. Because every trader is different we create a unique pricing structure for each. Rather than force a “take-it-or-leave-it deal, we work with the customer to address the issues that he or she finds most critical. The goal of this interactive process is to create a rational commission framework that does not inhibit the customer from achieving profitability.