Am I reading these commissions right?

Discussion in 'Retail Brokers' started by nitro, Apr 20, 2004.

  1. ECN Fees (NASDAQ) Add Liquidity Remove Liquidity
    BRUT $0.0023 $0.0027
    ARCA $0.0020 $0.0030
    INET $0.0020 $0.0030
    TRAC $0.0025 $0.0030
    SIZE (Supermontage) $0.0020 $0.0030

    according to this price sheet,

    I am a buyer and I lift the offer = +.003
    Then I smack the bid to get out = +.003
    plus the firms vig = +.001

    oops...I meant .007 + SEC fees......if I have it wrong someone please correct me
     
    #41     Apr 21, 2004
  2. Amp

    Amp

    what is the "firms vig" ?

    thanks,
    Amp
     
    #42     Apr 21, 2004
  3. UMU

    UMU

    Is this per share or per ticket?
     
    #43     Apr 21, 2004
  4. Amp

    Amp




    per share
     
    #44     Apr 21, 2004
  5. oh boy. :) The firms piece of the action...you dont think that everybody but them is gonna get paid do you?
     
    #45     Apr 21, 2004
  6. Amp

    Amp



    where is this listed?

    thanks in advance
     
    #46     Apr 21, 2004
  7. UMU

    UMU

    Then IMO it's no more attractive since it would mean at least .004 per share.
    For competitive quantities I think one can get better rabates elsewhere.
     
    #47     Apr 21, 2004
  8. Unless you're doing straight listed.

     
    #48     Apr 21, 2004
  9. UMU

    UMU

    What's that meaning?
     
    #49     Apr 21, 2004
  10. Amp

    Amp

    Seems like, if you use a lot of limit orders outside of the NBBO (on INET), route thru INET, and trade very liquid stocks, it would be very very cheap?

    Amp
     
    #50     Apr 21, 2004