Monthly fee for software without transaction fee

Discussion in 'Trading' started by Mjohnny, Nov 13, 2002.

  1. Mjohnny


    I have a couple of ideas about using a product that a friends company has created. I was interested in finding out the interest in providing a real time, level 2 quote, charts, execution platform for a minimal monthly fee. This fee will cover the market data feed (ie Level 1 and Level 2 Data) for quotes and chart data and free unlimited executions. Users will still have to pay their clearing charge and any applicable ECN/Order charges (or receive rebate). Users can be either through their present BD or through another BD that is a partner with the software customer. Fees for clearing would be in the 3-4 dollars per 1000 shares + any exchange fee.

    Any interest, please respond and I will give more details.