Yea, I was trained never to put 10c or more on a ticket. Instead, Secondary offerings were a great way to pay the broker. Especially if you had a good call into Syndicate and an offshore account .
No, I own the firm (ihedge fund and prop. firm) and it is for black-box trading of more than 5 million shares per day. The deal is part of a much larger one encompassing a lot of bells and whistles. Nonetheless, deals close to this rate are available and will be more so in the near future. I have it on good source!
so as a retail trader ... who is not doing a million shares a month I should be happy to pay 1/2 - 1 cent a share ?
I think that is a pretty standard deal nowdays. Probably depends on factors other than the commission rate such as stability of platform, quality of reporting, etc. etc. It wasn't so long ago that 'retail' was paying 1-4% of the stock purchase price to a full-service broker! I wonder how any of those guys still survive. Anyway, I think your deal is fair without knowing any further specifics. Best, Neal.
now I remember who you are lets hope for some volatility next week and month but within reason ... when things get to nutty I try to stand aside .... unless in a position
Here's my trade on NOK, some account info is edited. The profit was tiny, but check out NOK chart for the timing. Clearance Activity Details GEN0G** *** Asset Management LLC 4/16/2004 OrderID: JYS-00167 T.NO TradeTime Symbol Buy/Sell Quantity Price ECN Surcharges MessageArea 1 10:03:56 NOK Buy 500 14.31 NYSE 0.00 Total: 500 0.00 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Copyright © *** Financial Group., All rights reserved
50_Luma, you have crystal ball so it's not fair to include you in the contest. This contest is just for us mere mortals not superhumans such as yourself! Neal.