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Old Sep 22nd, 2011, 01:03 PM   #1
nybb
 
 
Join Date: Sep 2011
Posts: 4
I'm an experienced trader (new to ET) who has a sound methodology, but my commissions are killing me. I'm paying .004/share plus the ECN fees of taking liquidity of .003/share. I.e. it costs me $14 for one round turn trade of 1000 shares.

Is it true that Chimera charges .001/share?

Are there any firms that are less expensive than that?

Any help would be greatly appreciated. Thanks.
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Old Sep 22nd, 2011, 04:26 PM   #2
ScottSam
 
 
Join Date: Sep 2009
Posts: 87
Any and all Canadian firms.

The standard being 0.20 / 1000 shares, or 0.0002.
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Old Sep 22nd, 2011, 04:31 PM   #3
nybb
 
 
Join Date: Sep 2011
Posts: 4
Can I trade with a Canadian firm if I'm an American?

What about trading with them and trading remotely from the U.S.?
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Old Sep 23rd, 2011, 07:23 AM   #4
rmorse
 
 
Join Date: Apr 2011
Location: New York, NY USA
Posts: 1,056
Quote:
Quote from nybb:

I'm an experienced trader (new to ET) who has a sound methodology, but my commissions are killing me. I'm paying .004/share plus the ECN fees of taking liquidity of .003/share. I.e. it costs me $14 for one round turn trade of 1000 shares.

Is it true that Chimera charges .001/share?

Are there any firms that are less expensive than that?

Any help would be greatly appreciated. Thanks.
What level of month volume to you average?
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Old Sep 23rd, 2011, 08:58 AM   #5
blackstormcap
 
 
Join Date: Aug 2011
Posts: 170
Global Market Trading is good.
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Old Sep 23rd, 2011, 11:00 AM   #6
nipapage
 
 
Join Date: Mar 2009
Location: NY City
Posts: 13
Can you give me the names of a couple good Canadian Firms that would change $0.20/1,000 shares.

Is this net, or you get a liquidity credit/debit, if you add/remove.

Any idea wy Canadian firms can be so much less expensive.
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