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1245
 

Registered: May 2012
Posts: 516

 

07-21-12 10:52 PM


Quote from ksmetana:

anything over $4 per 1000 is a ripoff. Aim for $3 though



His volume is very low for volume discounts.

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Traveler
 

Registered: Apr 2003
Posts: 774

 

07-21-12 11:30 PM

About the same as IB's blended rates. High if you always add liquidity.

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1245
 

Registered: May 2012
Posts: 516

 

07-22-12 01:02 AM


Quote from Traveler:

About the same as IB's blended rates. High if you always add liquidity.



Since any DMA route would include rebates and fees for adding and taking liquidity, the base rate is all that's important.

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Rocco11
 

Registered: Jun 2011
Posts: 17

 

07-23-12 04:15 PM

You can definitely do better on that commission. Just shop around, but have trading sheets available. Must be able to prove volume. 25k a day should help you get some price changes, but anything under that and you are just average so no reason for a firm to give you a killer deal imo. I just switched firms because I do 50-100k a day and got a great deal. Very happy. If interested, pm me and I will give you my the info for the broker who gave me my deal. Cheers

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