volume discounts on daily basis??

Discussion in 'Trading' started by cksep, Feb 24, 2009.

  1. cksep

    cksep

    Hi,
    we have a futures account with some brokerage house and have been given a commission schedule as follows:

    No Volume Quotas = 3.25 per side commission plus fees.
    200-400 round turns = 1.75 per side commision plus fees.
    400 - 800 round turns = 1.25 per side commission plus fees.
    800 - 2000 round turns = 1.00 per side commission plus fees.
    Over 2000 round turn = 50 cents per side commission plus fees.

    would like to know wheather these rates are for daily round turns? what is the general practice of brokerages houses when giving commission rates? do they give daily round turns? Please help as the broker is insisting that they are daily round trips.