MKT Order Commissions - IB SMART (flat rate) vs Others

Discussion in 'Order Execution' started by Iggy_Type_R, Aug 24, 2013.

  1. ofthomas - can you say a little more about the differences between IB's retail and prop sides? What do you mean by getting "costs normalized" and are there other benefits you find valuable? Thank you.
     
    #11     Aug 29, 2013
  2. Thank you for the PMs and replies above.
     
    #12     Aug 29, 2013
  3. ofthomas

    ofthomas

    simple... not having to deal with the tiers each month, starting from 0... but rather starting from your final tier from 0... thereby, "normalizing" ones costs.. because you make them constant... in other words, if you really have the volume, not just say you have it, it can be negotiated... you normally have to show 3 months history with IB at least...
     
    #13     Aug 29, 2013
  4. Got it, thanks. I'll keep this in mind, especially if I hit 10mils next month :).
     
    #14     Aug 29, 2013