Nextrade ?

Discussion in 'Prop Firms' started by EQTRADER, Jul 9, 2002.

  1. your sb you're in your signature
     
    #11     Jul 10, 2002
  2. a high volume scalping technique.
     
    #12     Jul 10, 2002
  3. I'm trying to understand this rebate thing. How much of their commissions were/are getting rebated ? Was/is anybody trading for "free" commissions ?
     
    #13     Jul 10, 2002
  4. You are given a rebate when a bid or offer you post on an ECN is filled since you are adding liquidity. When you hit a bid or offer you pay retail fees because you take away liquidity. The spread between these two rates is how the ECNs make money.
     
    #14     Jul 10, 2002
  5. right. think of it this way. when you bid or offer, you are attracting a customer to the ecn. The counterparty who hits you is debited the ecn fee, part of which is credited to you.
     
    #15     Jul 10, 2002
  6. Hey, sounds pretty good. A little extra money back. But does anybody know how it is to trade with them? Any hidden fees involved? I am seriously thinking about joining them.
     
    #16     Jul 10, 2002