Island's Fees & Rebates

Discussion in 'Trading' started by Marc to Market, Nov 12, 2002.

  1. Does anyone know if Island's fees of .0030 per share for removing liquidity and .0020 rebate per share for adding liquidity is the same for all broker-dealers? Or do they work out different deals for the large brokerage houses like Etrade and Ameritrade?


  2. Every broker is differemt. It's a matter of how much of their own profit they build into the spread.
  3. That most likely depends on the volume the broker is doing through them, so there would be differences between brokers.