please help verify IB unbundled commission calculations

Discussion in 'Interactive Brokers' started by jimrockford, Feb 7, 2006.

  1. As a follow up to my earlier post, I tried out an account with a retail LLC that gave me .003 +-pass thru fees. Looking at my sheets last year, it seems that when I trade NY using one of the DOT routes, MLCO,Belz, there is an additional charge which brought up my per share charge around 1/2 a penny sometimes more.

    I don't know if that was an oversight on their part or there really is a DOT charge which could bring charges greater than all in rates.

    I am bumping up this thread because I read all the time from ET posters that they get .0025/.003 +- fees and it sounds enticing. However, when trader sends marketable NY orders to DOT and extra fees bring it up to > .005, then .005/.006 all in rates seems not too expensive anymore. Thanks
     
    #21     Feb 23, 2006