Does any CTA use IB Automatic Billing?

Discussion in 'Professional Trading' started by 88888888, Jun 12, 2008.

  1. Does any CTA use IB Automatic Billing?

    http://individuals.interactivebrokers.com/en/accounts/advisors/advisorWrapFees.php?ib_entity=llc

    4 options:

    1. Percent of Net Liquidation Value: Entered as an annualized percentage, applied on a daily basis.

    2. Flat Fee: Entered as an annualized amount, applied on a daily basis (apportioned by 252 days).

    3. Percent of Annual Positive P&L

    4. Percentage of Positive Market-to-Market P&L

    Which option you use? And why? Pros and cons?

    Would you mind to share your experience?

    Thanks.