Best High Volume Options Broker

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

  1. EricP

    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.

    Thanks,
    -Eric
     
  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.

    arb.
     
  3. Steve_IB

    Steve_IB Interactive Brokers

    Eric,
    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.
    rgds
    Steve
     
  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.