Recent content by JohnDavis

I emailed them for info and they haven't responded in 2 weeks.

Given that "smart" computers and daytraders are watching every tick these days, do you guys think it's better to join the offer or penny the offer when you're trying to sell? (assume it's a $40 stock that trades 1,000,000 shares a day with .05 average cent spreads.)

My understanding is that if you want a low rate at Questrade you must also pay ~$6 per stock symbol traded each day. Apparently they attribute this to the fact that their clearing firm (Penson Canada) charges this surcharge. Can anyone confirm this? If so, and you trade a lot of stocks...

Do they offer these deals for remote traders? If so, what's the buying pwoer and "down payment."?

Don (Bright), Do you know if SLK offers .0025 for adding liquidity on INET/BRUT? There's gotta be someone out there that offers it.

Anyone know of any brokers out there that qualify for, and pass through, the higher .0025 per share rebate offered by INET and BRUT? For reference (the broker needs to add 30 million shares a day in liquidity to qualify)...

Interesting how more Heartland traders aren't chiming in about this. Are there any Heartland traders still trading?

I read this on www.traderbulletin.com. Trying to find out when it becomes effective.....

I think the point was that if you trade several tickets a day (50-100+) your odds of missing a few fills each day are high with a 1/4 second handicap. From my experience, the opportunity cost of missed fills--even one a day--can offset so-called cheap commissions. As ECNs become more prevalent...

Omar, Where did you hear this? Both companies and their web sites appear fully operational. Thanks, JD

Good point Don, For those firms who hold trader money for a year (Echo, et al), put up a reference to the SEC or SRO rule that requires you to do this. My guess is that firms are using this "rule" as a convenient way to lock traders into one-year contracts--which, if true, is underhanded...

I second that GHJ. Where is the value added for the 30-80% of your P&L that you have to cough up to uncle Bobbie.

Mr. Beckmeyer, Sorry to inflame you so. :) You are right to a degree. Sources add to credibility and I wish that more written sources were available to corroberate the few points that require it. Nonetheless, a little research on your own will validate each of the points you question...