With commissions getting cheaper and cheaper...How low can they get? Is it becoming cheaper for firms to clear trades? And they are then passing the savings on to the trader?
zangari3 You are 100% correct. We recently negotiated a better rate with our clearing firm (Computer Clearing Services -CCS) and we pass those savings down to our traders. Base Commission: $5 per 1000 shares NYSE Direct: FREE NYSE SDOT: FREE AMEX Direct: FREE Island: FREE SOES: $2 per 1000 shares ARCA: $2 per 1000 shares Trac: $3 per 1000 shares NTRD: $3 per 1000 shares BRUT: $5 per 1000 shares BTRD: $5 per 1000 shares DORS: $5 per 1000 shares ATTN: $9 per 1000 shares BULLETS: $15 per 1000 shares Cancels: FREE Direx Platinum Software Fee: $39.99 (waived after 100,000 monthly share volume) Best Regards, XoomTrade Support www.xoomtrade.com