What clearing rate do you think Bright Trading has .0005 or less per share???

Discussion in 'Prop Firms' started by jack5, Jun 23, 2003.

  1. jack5

    jack5

    when I say .0005 i mean 5/100's of a penny per share
     
  2. edited;

    i highly, highly doubt it's that low. my guess is .002 to .003
     
  3. nitro

    nitro

    I think you mean .002 or .003.

    nitro
     
  4. Probably lower
     
  5. how long until don bright gets this one deleted???
     

  6. What do you care?
    Are you looking to start a clearing firm?

    ...and i would venture to guess they pay less then .002...in fact, due to volume I would go so far as to say .75-.85 cents per 1000

    but m just guessing.
     
  7. marketsurfer

    marketsurfer Sponsor

    free.
     
  8. okwon

    okwon

    It has to be lower. There are offices of other firms that get cleared for less than .002 and they probably don't even approach 1/10th of the volume as Bright does as a firm.

    Bright has other expenses, so it's not like it's all going into their pocket.
     
  9. I guess that he clears at $0.0017 per share including the use of that wonderful REDI+ front-end.
     
  10. I know firms that charge $1 per 1000 shares and do less volume then bright, so I would assume that he is paying less.
     
    #10     Jun 23, 2003