lol what´s your problem with BT? I think every firm can arrange their fees individually for each trader. Anyway, you can open a new thread about "BT comissions" if you want.
From just a few YEARS ago, come on... Back a "few years ago" there were margins and room to negotiate, and as things changed, so did pricing..with us and our friendly neighbors. I spoke to Lescor, and it just didn't make sense for him at the time, maybe still doesn't. At the same time, our top people have been with us for 10, 15, 20 years, and are still here, and many have shopped multiple times (good biz practice)...must be doing something right. And, I'm not "implying anything" - I'm stating that we are very comparable to our competitors like Echo and G2 - as I said, we speak about such things. Don All the best, Don
what is a good rate per 1000 for non rebate stocks then? Lets say for a trader doing 1m per month. sure 20c per 100 for rebate stocks but what about the other stocks full service? Is $1 per 1000 in the right ball park?
i would think for a million a month, you'd be lucky to get $3 (assuming 100% payout to not add another variable).
Don You seem to think your commission rate is competitive with other licensed prop firms You are NOT competitive A trader can get a deal right now with most cbsx prop firms doing 1 million shares a month & pay .002 on all shares with a 95- 99 % payout That is a competitive deal for experienced traders that know how to negotiate even better someone can get .0015 with the same volume & payout with wts Your comm rate of .004 & lower blended tiered structure is out of date period By the way your payout of 80 % of profits is NOT competitive with any of the prop firms your comm rate & payout are not attractive for most traders that do their homework These are the facts ! even though you will disagree with me , some pro traders do know better
I dont want to get into a ding dong but the way I thought most prop traders who use these Canadian firms work was they just leave the minimum 'buy in' amount in their account and cash out monthly/weekly. So you just leave your $5000 or whatever in there and cash out. Sure there is a risk you might lose your $5000 every blue moon but if you are cashing out $100k+ per year and once in a blue moon you lose $5000 it's no great shakes is it. you get these crazy low commissions that make a big difference esp on certain strategies. please correct me if I am wrong.
yeah I figured $2 is possible @ 95%, I am sure there are traders out there paying $1 per 1000 on 90-95%, they are just so busy beating up the market they cant be bothered to post.
Bright does not compete with your typical CBSX firm. The niche at Bright is allowing strategies, mostly longer term pair trading, that most CBSX firms won't even touch. If allowing a trader to utilize a strategy that will make them money, who cares if your rate is .002 or .004. There is a reason why Bright continues to stay in business even with higher rates and an 80% payout.
Yes, we are capitalized well enough to allow $$ for any time frame. If any serious trader wants to know the actual facts, rather than just speculation, please call me next week. I'm not in the office today. Check Echo or Generic as well, first if you like. Great firms BTW. Don