Lightspeed commission rates

Discussion in 'Retail Brokers' started by VT96, Sep 5, 2010.

  1. VT96


    Apologies if this questions is not in appropriate place on this forum.

    Lightspeed charges .00395/shares +/- pass-through fees from equity exchanges and ecn. Does anyone have better rates from Lightspeed? If so, how do you negotiate to get better rates?

    Many thanks!
  2. jumper


    Just call up a relationship mgr and tell them your volume. They do give much lower rates for high volume.
  3. VT96


    Is 1 million shares per month consider high volume?

    And what rates should I negotiate for if I do that amount per month?

    In your opinion what is average monthly volume we need to trade to get .002/share (or better) from LS or any other firm?

    Thanks again.