Working for a prop firm. I used to pay: 27.50$ for NYSE quotes 60$ for NYSE open book and now to see ARCA and ISLD quotes I have to pay 100$ for NASDAQ 30$ for ARCA is it the same thing for all prop firm???
no. i mean before June 1st to see NYSE quotes of Arca and Island I had to pay only NYSE fee. And now to see em I have tp pay NASDAQ and ARCA book fees extra. same everywhere?
I hear ya but what I am telling you is that, from the firms that I know of, we got charged those fees starting last Dec. If you are only getting charged them now, you had it easy The Nas Book $100 and Arca fees $30 allowed us to see the DOM of these books, I think if you want just the inside bid/offer, its free? Cant remember, havent traded stocks since Dec.
I think this new Arca stuff is for "depth of book" which I see no reason for (at this point)...we have no new fees except for the possible re-routing fees (which will go away as soon as Goldman/NYSE initiate their "do not re-route" order type. Don
My brother and I don't bother with either of those...the Naz has pretty much taken over all the other ECN's, and we use NYOB for listed stocks. Don
We work at the same place, so how is it that you only pay $87.5 for NYSE, NYB? Mine was $117.5 for NYSE, NYB, CME, but I was told CME was given to us free? Maybe consider switching to NASDAQ listed only? I did the math and it only costs around $150 to get full depth picture (NAZ + ARCA book) compared to a broken up NYSE one.