Firms with < $.001 per 1000? Canadian?

Discussion in 'Prop Firms' started by earlyexit, Jul 13, 2012.

  1. I've been reading a lot about Canadian firms that are offering extremely low per share commissions for those scalping high volume stocks (BAC, etc). Since commissions really add up, I thought it was worth investigating further.

    Can anyone recommend a firm that meets the following criteria?

    1) Less than .001 per share (hopefully much lower).
    2) supports automated traders.
    3) Can co-locate (free or additional cost is fine)
    4) Respectable firm that has been around for a while.
    5) pass through rebates
    6) Payout >= 85%

    About us:

    1) Located in the US
    2) Series 7
    3) Can put up $100k deposit in return for $2MM BP
    4) Volume approaching 15 million per month.
    5) Only trading high volume < $20 stocks. No overnight holds.

    Any suggestions on who to approach would be helpful. Reply via PM if you'd like.