Good Commish

Discussion in 'Prop Firms' started by newguy1, Jul 24, 2005.

  1. newguy1


    What is considered a good rate for equities?

    How about 2 bucks an order, not per fill?

    i've seen .006 per share, and .001 per share....

    The way I see it, if you're getting 2 buck per order, 4 bucks roundtrip doing 5k size....thats pretty damn good.

    comes out to 0.0004 per share for 1 order.

    anybody heard of better at that size?
  2. thats really good...i have heard lower..but not by much

    also...make sure u get ecn rebates and put <100k in that acct and its FDIC
    casue a firm offering a deal like that cant be makin much money


  3. Speculator1929

    Speculator1929 Guest

    How about free? Go to Schonfeld, they will give you apercentage fo gross. Can't beat that. Good firm too.

  4. I would never give up any percentage of my profits. I'll stick to a base per share charge and 100% payout.
  5. Longhorn,

    Speculator is not wrong. Which would you rather have, 100% of profits on a $500,000 buying power or 33% on a $2,000,000?

    I for one am not so egotistical that I can't give up some of my profits for leverage. Under a gross deal, my interests would be the same as the firm's. Under the Bright type deal, 100% payout just clip commissions, the firm is not your partner but your toll collector. Your interests are at times quite conflicted. I do appreciate the guy who can be a customer because he has enough cash to meet his own margins, but even then, mathmatically it makes sense to look at certain prop deals.