Discussion in 'Retail Brokers' started by PnL Rally, Aug 3, 2006.

  1. Cant wait for this day to come around and for this industry to be more transparent
    #11     Sep 17, 2006
  2. Genesis is NOT faster. There INET ping time is 0.05, speedtrader's is 0.


    Average = .5ms

    ping xxx.xxx.xxx.xxx
    171257 1: 0.5
    171258 2: 0.5
    171259 3: 0.6
    171300 4: 0.6
    171301 5: 0.5
    171302 6: 0.5
    171303 7: 0.5
    171304 8: 0.5
    171305 9: 0.6
    171306 10: 0.5
    Total 10 packets sent, 0 packets lost, average roundtrip transmission 0.5ms.


    Average = 0ms

    Pinging XX.XX.XX.XX with 32 bytes of data:

    Reply from XX.XX.XX.XX: bytes=32 time<10ms TTL=62
    Reply from XX.XX.XX.XX: bytes=32 time<10ms TTL=62
    Reply from XX.XX.XX.XX: bytes=32 time<10ms TTL=62
    Reply from XX.XX.XX.XX: bytes=32 time<10ms TTL=62

    Ping statistics for XX.XX.XX.XX:
    Packets: Sent = 4, Received = 4, Lost = 0 (0% loss),
    Approximate round trip times in milli-seconds:
    Minimum = 0ms, Maximum = 0ms, Average = 0ms

    #12     Sep 17, 2006
  3. No matter how low a broker advertises, they will always go lower Keep that in mine when ever you buy anything bro.

    If you don't learn how to neg. then you will never get far.

    #13     Sep 17, 2006
  4. whatever...

    #14     Sep 17, 2006
  5. sandy1


    I'm no tech wizard, but can you tell me how a 0 ping time is possible? Also, not to split hairs, but Genesis is faster to Brut according to the websites, and Speedtrader doesnt report Arca speed, which Genesis is 1.5ms. BTW, I trade on Genesis's API and I am AMAZED how fast it is!!

    #15     Sep 17, 2006
  6. Probably because their servers are in the same building as INET, so you can't really get any faster than that.

    BRUT and INET are merging to single book, so I can't see what BRUT ping time even matters for going forward.

    As far as what was discussed earlier, everybody obviously doesn't get the same rates. You think everybody on elite has even close to the same rates, even those who have accounts at the same brokerage? I don't think so, its just not how business works. Ideally that would be nice, but practically speaking it doesn't happen, so lets move on with reality.
    I say show some initiative and go after the good rate and you'll probably get it. I have always done pretty well negotiating with brokers.
    #16     Sep 18, 2006
  7. Well of course they're going to tell you that, they want your business and Genesis is probably their top competitor.
    #17     Sep 18, 2006
  8. Agreed. Just remember the bigger your cash balance the more they will usually bend over to get you as a customer.
    #18     Sep 19, 2006
  9. kelly55


    How much is the your comission and cash balance after negotiation?
    I have $100,000, how will be my comission?
    #19     Sep 19, 2006
  10. I disagree slightly. I think the most important thing to these firms is how often you trade, not really how much capital you have. They make most of their money based on trading volume.

    Obviously you need over $25,000 just to day trade, so thats a necessity capital wise.
    Beyond that I think a guy with $40k in his account who trades 2000 times a month could generally get better rates than someone with $200k trades who only makes 100 trades a month.
    #20     Sep 19, 2006