so steven or def. if i am long ge(nyse stock) and put stop lose on the smart order route and its hit 2 hr's later i pay no .001 extra fee as your software canceled/ replaced the order every 4 1/2 minutes correct?
Steve, Does IB have any plans to improve commissions reporting? Currently, TWS doesn't have a feature that will break down commissions paid by stock, and with the new unbundled stock commissions, it will be almost impossible to calculate it manually.
nobody i've seen breaks out ecn charges or rebates. one has to trust the broker as it just shows your net commissions
You don't pay the fee. I don't know of any plans to offer this on the TWS. You'll be able to see the commission on your statement.
Currently, using Hammer, I can calculate/verify my commissions by the counterparty in the execution reports. Instead of just saying "ARCA", it will say "ARCP" if I provided liquidity, "ARCR" if I took liquidity, "ARCX" if it was routed away. My trade accounting spreadsheet has all the rates in it and easily matches the commissions. Perhaps IB can do something similar. joeyata1: Note that the charge is $0.01, not $0.001. Also note that the NYSE levies this charge, and other firms can/do charge it as well.
To Steve or Def: There seems to be an error in the explanation of the new commission pricing structure provided on this link: http://www.interactivebrokers.com/en/accounts/fees/stocksPricing2.php?ib_entity=llc Specifically -- "300,000 NYSE Shares @ $5 Remove Liquidity" incurs an unbundled cost of $ 49,059 and a commission of $ 150,000 under the bundled rate. Think it should be 30 mil shares.... -kk70
RML Trading via Penson financial breaks down your commissions down to ECN charges and rebates. In one column they show you the fixed charge you paid per order (eg X dollars per trade) and they show you in another column the ECN rebate or charge incurred for that trade. What about Genesis do they do the same?