What would be the cheapest broker to execute 50K shares. IB charges 1/2 penny/share but it costs $500 for the round trip. Any other suggestions?
If you are more concern about the amount of the fee rather the reliability of your ticket to be fill without slippage, you could choose Ameritrade (Datek) for a fix fee of 9.95 by ticket or 20$ for your roundtrip.
Still have acct with them (back from the 1997) Hope they have got L2 now Thanks everyone for advices and info
check out www.betatrading.net They have max ticket where you can't get charged more than the capped price. it is being offered at $11.99 regardless a number of shares.