Remote Professional Traders

Discussion in 'Prop Firms' started by Epsilon, Apr 13, 2004.

  1. Epsilon


    I got very curious. How much do you pro remote guys pay in commission?
  2. Dustin


    Most guys are paying .004 to .006 (+sec/ecn) right now I think.
  3. Remotes have sliding scales as well....

  4. A lot of firms charge the same to remotes and non-remotes. In a non-compression and non-liquidity trading scenario it's often $.0035 to $.0075 per share depending on volume +/- ECN/SEC fees). Some charge a desk fee (often refundable with volume) to cover office overhead. Margins are extraordinarily tight in this commoditized industry. I think the coming months/years will prove that well capitalized firms with economies of scale will be the long-term survivors. - Rob