Then I stand corrected.... Echo and Bright require S7.... I had read in one of the posts on this site that a firm can't accept both it has to be either, or...
Interesting. So what's their average win amount per share ... a penny or two ? What's their stop loss ? Even ? IOW, they sit there for x seconds, and if not filled, then they pull the order. And when they get filled long, they put in 2 stops - one at the entry price and the other 2 pennies north of the entry price ? So with this strategy, I can't see anyone making more than a quarter to half-penny on the average. Still, thats $1200-$2500 per day...not bad.
I think the problem is: I don't recall his rate. Is it around 20 cents per 1000 then ? In that case, it's $100 per day. BTW: I think that's about the lowest of the lowest rate you can get, correct ?
sounded like he (scottsam) paid $2 per 1000 shares or .2 cents per share which is the same as .002 per share. 20 cents per 1000 shares would be .0002 per share. (yes this is a very low rate but comes with a profit split) $10,000 per day on 500,000 shares would be 2 cents per share.