0.00225 sounds like a decent rate for <1M/month. Remember that ECN fees for listed are very low: ARCA -0.001/0 INET +0.0009/-0.001 (rebate for TAKING) BRUT 0/0 Don't know about BTRD. Never see them. SEC is about 0.001 (on the sale only - 0.0005 on the roundtrip) of a $24 stock.
Alan, nice to see someone who does their homework! I did the numbers as well it worked out that way as well.
I've never heard of a firm that includes SEC fees into your rate... does that exist? Generally, in life, you get what you pay for.
I asked a few traders who have all-in-deals, and from what I understand, IT DOES NOT EXIST. You could be scalping NVR & SEB all day ( I know someone who does this) and get charged hundreds for SEC fees. John
for your info the sec IS LOWERING their rates.Proper pro is a piece of crap and yes trades under a 1.00 with volume do exist. momo
I traded a swift for about 8 months and ive traded at three other firms since then. Although I dont endorse swift and would never go back, I found prosperpro to be great and better than any other software ive used... why is it such crap and name me what you consider the best ones?
Skip the all-in deal if you mainly take liquidity on the NYSE. You can use BRUT to route to DOT, INET, BRUT, etc. for free http://www.nasdaqtrader.com/trader/tradingservices/productservices/pricesheet/pricingprint.stm
Momo, trades under a $1 are stricly w/profit percentage splits: hardly anyone has such a low cost structure when you factor in offices, technology, salaries. If you know of a deal like that, please IM me!
ib is .005 all in no sec fee. for someone taking lquidity on goog all day thats equal to .0005 per share vs at a firm paying .0005 plus ecn and sec fee's. problem is ib's system is not goog for scalping i9n and out