 |
ScalperJoe
Registered: Mar 2010
Posts: 608 |
08-18-11 01:05 AM
Quote from trader345:
MB trading used to have $1 per 100 shares stock trading but I think they replaced that with 4.95 min. Is there any place without a min. charge for stock trades?
I recall another thread regarding per share commission, and Lightspeed and Speedtrader were mentioned as alternatives to flat rate commissions, however I believe Lightspeed has a $1 minimum, but Speedtrader does not.
Hope that helps.
|
| |
|
Edit/Delete Quote Complain |
ScalperJoe
Registered: Mar 2010
Posts: 608 |
08-18-11 01:15 AM
Quote from Catoosa:
I think TDAT does value and want the business of futures traders. It is taking TDAT longer to become a futures clearing merchant than TDAT had originally thought. I expect TDAT to eventually become a FCM and no longer need the services of Penson GHCO for futures clearing.
TOS is the only broker I've found that gives you futures data without charge, even if one doesn't trade futures but still wants the data, so hopefully you're right and TDAT will keep offering the data even to its equity and options customers.
|
| |
|
Edit/Delete Quote Complain |
opt789
Registered: Dec 2005
Posts: 1112 |
08-18-11 01:41 AM
I talked to Scott about them wanting to keep futures traders or not, and they are unequivocally interested in keeping them and getting new ones. Well that is a nice idea, but if they continue to put out quotes that are behind and overreact with their very high margins then it will be hard to get anyone. The problem is that IB and TOS dont really have any competition, if they did they would both be better. What other firms give you one platform to trade everything?
|
| |
|
Edit/Delete Quote Complain |
rickf
Registered: Mar 2007
Posts: 676 |
08-18-11 01:44 AM
I think if you don't need tick-by-tick entries on futs (ie swing trading) you could be fine at TDOS / TDA / whatever. However, if you're scalping for ticks or in-and-out gunning for 2 /ES points with tight stops, it's prolly not the platform you want.
|
| |
|
Edit/Delete Quote Complain |
pcp198
Registered: May 2010
Posts: 146 |
08-18-11 02:45 AM
Quote from loufah:
I hope they're not going to switch to TDA's quote feed. Too often, it provides quotes delayed by seconds or minutes, and sometimes the quotes just stop coming.
confirmed with a TD rep today, the servers that host TOS's data feed will remain the same.
Quote from rickf:
I think if you don't need tick-by-tick entries on futs (ie swing trading) you could be fine at TDOS / TDA / whatever. However, if you're scalping for ticks or in-and-out gunning for 2 /ES points with tight stops, it's prolly not the platform you want.
I use the platform to scalp for ticks and it hasn't interfered with my trading. Although I'm aware the data feed lags .5 to 1.5 seconds.
|
| |
|
Edit/Delete Quote Complain |
opt789
Registered: Dec 2005
Posts: 1112 |
08-18-11 02:51 AM
Quote from pcp198:
confirmed with a TD rep today, the servers that host TOS's data feed will remain the same.
I use the platform to scalp for ticks and it hasn't interfered with my trading. Although I'm aware the data feed lags .5 to 1.5 seconds.
Download a copy of Ninja and put in Zenfire or CQG you can get a trial for free from Amp or Dorman then put up the time and sales window for the /ES from TOS next to Ninja. Just watch what happens during a few big, fast, high volume moves. I think you may reconsider scalping when you see that your quote can be quite far off sometimes.
I know TOS will never have true tick data, but how far they fall behind during busy times is not acceptable and I am hoping they address it someday.
|
| |
|
Edit/Delete Quote Complain |
| Receive
an email whenever a new post is added to this thread by subscribing
to it. |
|
|
|
|
