Appreciate this is a bit of a sensitive question but I would appreciate any insights anyone can provide Perhaps to compare apples to apples we should identify if you are; a) trading 100% (or split) with a deposit b) trading with a split with no deposit Thanks all.
I get asked this all the time...there are variables of course. For our remote guys. They pay $200 access, but it is all rebated each month as long as they trade 200K shares (most do of course). Platform entitlements are "cafeteria style" you just pay for what you need/want. No fee for NYSE level 1. NYOB is $60, NaZ l1 and L2 about $50. Pass through ECN rebates and taking fee. $30 internet access fee from GS. Then you pay for eSignal or whatever else you need. I like using www.tradersaudio.com and we get dicounts on that and eSignal of course. Same applies to things like Briefing.com etc. Basically, we have "bare bones" guys all the way up to those who pay $400 or so each month for the tools they like to use to make money with. Don
I am making around 50k per month so prettly lite volume on thier standards and I pay a penny per share
Trading futures prop (no money down - split profits) Desk + trading software +CQG approx GBP 2k monthly..
well I am at the highest level I might do 3k shares volume in a day, sounds like you would get a way better price like 4.00 per thousand and ECN rebate s if you qualify, the question is do you save more on commish, but payout more to the firm, If you are a profitable trader the 98% payout is the more important number (imo) B
software fees quotes desk fee fixed expenses = $800 then payout and commissions. geez..... I need a good buck to get ahead