why wouldn't everyone switch to this new unbundled pricing? does this pricing structure benefit traders who trade <300k shares per month? the table says the commission for <300K volume is $0.0035 per share which is still cheaper than $0.005 per share under bundled pricing. thanks.
IB doesn't trade again customer order flow. this is a serious misleading statement. do you have a grudge or disagreement with IB?
Wow, I certainly didn't expect this, especially since IB had just lowered its all-in rate to $0.005. Looks like its time to double my account size. Great start for 2006.
Hopefully, IB will add some new features to help list your total daily commissions. Otherwise, it will be almost impossible to calculate manually.
Boss Hog: I see you've only been registered on EliteTrader for and year and a half so you've probably not seen numerous explanations about the way IB's SMART handles orders. Briefly: SMART routes your order to the National Best Bid or Offer. If Timber Hill, IB's market making subsidiary, has the NBBO, or if it is tied for the NBBO, the order goes to Timber Hill. If Timber Hill is not at the NBBO, SMART directs the order to the NBBO. IB, the broker, does not make markets, it acts purely as a broker. Their FOREX Futures, and Options offerings are good examples of the brokerage side of the business. I'm not sure which IB subsidiary it is, but they also have investments in some of the exchanges. Once again, the exchanges make their money on trading volume, price is basically inconsequential.