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At least that's better than ISLD, they were going to charge their regular fee + Nasdaq's for routing to Supermontage via ISLD (.0019 + .002 = .0039). I wonder if this is going to be (.003 + .002 = .005) with their new pricing. Will certainly have to route directly to the ECNs. I couldn't...

Typically, your reports at a prop firm will show your commission fees. The "clearing fees" are part of the overall commission you are paying. The other part is the prop firm's cut. Both parts should total to your negotiated rate with the prop firm (ie .01/share). This may or may not be...

I think this makes (YIKES!) Nasdaq Supermontage the cheapest market when taking liquidity. .002 (Nasdaq) vs .003 (INCA/ISLD and ARCA)

TMBR doesn't need to make money on the trade either, they just need to LOSE LESS than the commission cost, which they get to pocket. Honestly, the idea that they openly trade against their customers providing them more liquidity (and Im sure making some extra $$ on the deal), I think is just...

Looks like the merged ECN will use INCAs rate schedule.. http://www.island.com/prodserv/bd/fee/fee.asp

Any IB programmers, Is it possible to get the BBO for each individual ECN thru the ActiveX api? I want my program to track the prices on each ECN individually. I have a program that works when using "Smart", but market data not flowing when using "ISLD" or "INCA" in the request mkt data...

For all you "at home" traders listening to the TV during the trading day. What are your preferences? I like Kids in the Hall, and news channels. (No CNBC or financial channels, as they have nothing to offer)

Bigscalper, Still waiting for that list of $1/ticket brokers in the US...

Spend a day (or a few days if you can) in the offices. Don't ask them how much money they are making. They'll just mislead you. If everyone is cursing and throwing keyboards during the day, avoid that office. If everyone is acting professionally, hyper, and in good spirits, they are...

GHansen, I think Quest's rates are so much lower than props I've seen (with 100% payout) that the 7% tax is worth it. If I trade 100,000 shares in a day, and gross $800 that day, I'd rather pay the $43 tax on my $615 in profit, than pay the whole $800 in commissions to the firm. (and that's...

bigscalper, Name one JUST ONE prop firm in the US that charges $1 per ticket and gives 100% payout. You cannot, and neither can anyone else because it DOES NOT exist. As far as $1.30 per thousand shares, even with the $25 per side fee this is ridiculously lower than any deal anywhere when...

Its certainly no secret, those people who shamelessly hawk their brokers, prop firms, and trading services, who financially benefit from getting customers, have taken over this board. Their "unbiased" opinion on all matters regarding trading is damaging I think to newer traders, and should...

There are NO brokers or prop firms in the US charging $1 ticket, 100% payouts. Not anywhere even close to that. I offer the disclaimer that I am not an employee of Quest, and have no direct financial interest in their success. But honestly, 1. $25 per stock fee every day - better than...

Not just for liquidity trading.. If your style is trading one or a few Nas stocks- Trading 100,000 shares of a single stock during the day. Say you provide liquidity on half your trades, and take liquidity on the other half using INCA. The commissions: Quest = $230/day Prop firm =...

That "someone" is the vig collector. Most of the masses money does not flow to the successful traders, it goes to their brokers/prop firm shops in commissions!

Any word on what the new fees will be?

You prop firm owners/managers in this forum under your own name (or aliases) are making me sick. By the way, implying that a sub-LLC (or any other firm for that matter) is likely to go bust IS BASHING. You put in ANY firms name and talk about going bust in the same post, I'll bet that you are...

Isn't this the flip side of this coin - a firm does whatever they want to a LLC member/trader (including illegally or in breach of contract), and there is no recourse for the trader. If you don't like it, tough, we can out spend you on a legal case, and by the way, don't say anything about...

I have used Sterling for weeks at a time, on a 56k connection. Only half a dozen windows open. Again, I did have a few problems (resolved when I used a different dialup number for that area). I would NOT recommend using anything less than Cable or DSL however, but 56k should work in a...

I have seen this lately - usually INCA though matching your bid or offer or beating you by .01. I even have a computer program that will do this (I dont currently use it). They do it so fast, so yes it certainly seems automated on their part. Try this - offer when you really want to buy (or...