MNX/RNRBAND Had an e-mail conversation with one of the guys and he confirmed that SEC fees are not included, but all ECN's are. I told him that I mostly do listed, and it might not be worth it for me, so he replied that if I do over 1M per month, I will have a rate of of $0.00225 + ECN's. Anything under 1M is $0.0025. I have to crunch the #'s and see how much I use ARCA/BRUT/BTRD etc.... What do you think?
john, remember leverage, software and support are VIP as well. Volume is obviously key to doing the rate game. MNX- curious as to what software you use? do you take liquidity much? I average .0052 but that includes sec fees and I always take liquidity.
RNRBAND... By the way, leverage is 100X1. I have not seen the software yet so I am waiting to get a demo.
RNR: I use prosperpro (the inhouse software at the firm i trade at.) I almost always take liquidity, I hate waiting to be filled... John_NYC: I'm trading listed also, no rebates here. mnx
crashes all the time.... sounds like an exageration to me... although on a related story when RIMM resumed trading today I was long 700 shares my quotes were delayed by several seconds and orders weren't accecepting or canceling... had to close the program and re-open while other traders were shouting out the price. so all the time, not so much. but yes it has it's issues.... no piece of software is perfect. ttys mnx