The under 25k stock traders live under the pattern daytrading rule. Now IB has $1/contract commission on SSF; or $10 for 1000 share equivalent + the commission per side. This comes out to be similar to discount stock broker commission for about 1000 shares. So I think I will be able to trade as often as I want with the 20% margin ...but What's the word on liquidity? Are there any SSF contracts with good liquidity, NASDAQ or NYSE-based? As long as there are some contracts with sufficient liquidity, I will take a serious look right away. Where can I find info on the SSF trading and the liquidity for the contracts?
They have not started trading yet so there is no liquidity info. Check out One Chicago or Nasdaq Liffe Markets for more information. From what I've read, One Chicago's market model should have better liquidity in the beginning.
Has anyone else announced their ssf commission rates? I looked on some broker's sites but can't find anything.