Discussion in 'Prop Firms' started by qll, Jun 27, 2007.
I often see you guys say commissions at 0.002/share level. Is it in Dollar or Cent?
1/10 of a cent=.001*$1
2/10 of a cent=.002*$1
"5 Shares For A Penny"...
Just think, you could trade $535,000 worth of Berkshire Hathaway for 1 cent!
Is that all in? I'll take it, where do I sign.
.002=$2 per 1000 shares.
In this day and age, you should be able to get such a rate from most reputable prop firms provided you trade decent volume and have average negotiation skills.
dont forget SEC fees
And ECN. If you lift or hit its .002+.003 in and out. Adds up quick if you throw some volume in there. Add monthly platform charges and exchange fees etc. Now its +$5,000/mo. or $250/day.
Separate names with a comma.