Has anyone managed to negotiate lower fees with IB?

Discussion in 'Retail Brokers' started by tonyf, Feb 14, 2019.

  1. Robert Morse

    Robert Morse Sponsor

    Prime brokerage is based on "need", not cost. You need a service your Prime does not offer.
     
    #31     Feb 20, 2019
  2. tonyf

    tonyf

    Eh? have you ever worked on the buy-side?
     
    #32     Feb 20, 2019
  3. Robert Morse

    Robert Morse Sponsor

    Yes. 25 years. I was willing to pay for services that made me money.
     
    #33     Feb 20, 2019
  4. tonyf

    tonyf

    Ok
     
    #34     Feb 20, 2019
  5. traider

    traider

    What services make customers the most money nowadays in terms of ROI? Is it colocation?
     
    #35     Feb 20, 2019
  6. Robert Morse

    Robert Morse Sponsor

    I have no idea, but co-location is not a strategy, it is necessity for low latency. Low latency is very expensive from hosting fees to non-display fees. The AUM has to be material and the edge has to require this, It is not uncommon for this to get >$15K to $20K/month if you need NYSE Data all in.
     
    #36     Feb 20, 2019