Best High Volume Options Broker

Discussion in 'Options' started by EricP, Nov 26, 2003.

  1. EricP


    Can anyone make a recommendation for the best brokerage firm for high volume (70k+ contracts/mo) options trading?

    Obviously, their per contract commission rates will be a key criteria. Any suggestions, links, etc. are appreciated. Also, any feedback on the reliability of the firm, if you have used them.

  2. If you're trading 70k cars you should be trading a floor-haircut as an exchange member, no doubt about that. You can trade as a member on the floor, upstairs in the clearing firm, at home...

    I recommend Sage clearing, great people.

  3. Steve_IB

    Steve_IB Interactive Brokers

    Apart from our standard $1 per option service. If you have a clearing firm, IB also offers an execution-only service at attractive commission rates.
    You can PM me if you need further details.
  4. I agree, with your option sizes, your only solution is as floor broker..........

    I trade 1 to 2K contracts and I've been using Optionxpress and so far I've been happy with them. If you trade heavily, they will give you good rates.