I'm trying to understand this rebate thing. How much of their commissions were/are getting rebated ? Was/is anybody trading for "free" commissions ?
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.
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.
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.