Registered: Jun 2011
07-10-12 02:35 PM
Quote from 1245:
Uncle....the point here is the deal, not my poor math skills. A typical prop firm that does good volume, might pay between $0.0002 and $0.0008 per share from their clearing firm. Then they need to pay for the DMA routes. The rate your asking for is below their cost. Only a self clearing BD can offer those rates. And, what is their incentive?
actually a clearing firm direct can do $0.0001 per share on 100M volume per month. I know because I just got of the phone to one lol. that is 10c per 1000