Cancel Fees

Discussion in 'Retail Brokers' started by syd697, Apr 15, 2003.

  1. syd697

    syd697

    Someone refresh me. I use IB and knew about the new cancel fees for option trades. But are there also cancel fees for trades on the QQQ and SPY? I've been charged with some. Anyone have a link to these fees so I can read it.

    Thanks
     
    #1     Apr 15, 2003
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  2. metooxx

    metooxx

    I don't think so ...
     
    #2     Apr 15, 2003
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  3. Magna

    Magna Administrator

    I sincerely doubt it. You were probably charged normal SEC fees on the sales side. Why do you think any amounts you were charged were cancel fees?
     
    #3     Apr 15, 2003
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  4. hii a_ooiioo_a

    hii a_ooiioo_a

    There are cancel fees for stocks, but they are smaller than the cancel fees for options.

    Take a look: What are these IB fees?
     
    #4     Apr 15, 2003
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  5. metooxx

    metooxx

    That is a fee accessed against black box traders, not typical retail accounts; but I can't believe anybody would stand for it ...
     
    #5     Apr 15, 2003
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  6. syd697

    syd697

    Thanks to all who replied. It seems that during my trading day, I actually did have some option trades that I cancelled, but forgot about them. When trading during busy times and the mouse is clicking away, you can't keep track of all activities, especially something like cancelling trades. Maybe IB can keep a log page of all activity including cancelled trades?
     
    #6     Apr 16, 2003
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