Today I traded: 91,374 shares $759.53 total fees+commission= .0083 c per share What did you pay today??????
That's pretty high. Yesterdays data... 212,000 shares $1030 comm+fee =.0049 Even my rate is a bit high for this day in age.
You shouldn't really be paying more than .005/share if you are trading that many shares. I average around .005 for the year and trade millions of shares/year. I may switch to a lower commission broker if I can negotiate it (currently using IB). Any suggestions? I tend to remove liquidity though.
Dustin, thanks your post is exactly what I was hoping to see, but very few responses...I was just lowered to .005 com w/out any other fees...I'll see what it looks like in a week. Ialso seem to be taking liquidity all of the time, so I guess I will see if I can add without changing my style too much...where do you stand with the liquidity issue?
If you're moving 2mil (ie 100k/day) in vol/month that rate is too high. .005 or better can be had. 5mil you can get sub .002 But you may have other requirements: License, BP, platform fees? Definitely can get lower if this is a consistent share per day activity