Vanguard recently got into the no commission on ETFs game, joining Schwab and Fidelity.
https://personal.vanguard.com/us/insights/article/commissions-05042010
Info at Schwab...
EFA (MSCI EAFE) has good volume too.
Actually you can do better than free, you can be paid to trade (i.e. rebate trading), but I'm not aware of Fidelity offering rebates. Perhaps if you have unbundled trading through IB or another broker you might be able to earn some money from having...
You can trade 25 different ETFs without paying any commissions.
http://personal.fidelity.com/products/trading/What_You_Can_Trade/WYCT_ETFs.shtml.cvsr
I bought and sold IWM as a test. I can confirm that I was not charged commissions. But there were 2 restrictions that I didn't expect.
1)...
Anybody here day trade the 25 ETFs offered commission free at Fidelity? In general, Fidelity's per trade commission structure encourages active traders to go to brokers which offer a per share commission structure like Interactive Brokers (IB), but this looks like one case where actively trading...
A few other differences:
1) the spread
for ES the spread is typically 0.25 points or about 0.0230%
for SPY the spread is typically 1 cent or about 0.0091%
2) commissions and fees
commissions and fees vary based on security (futures vs equities), broker, exchange, software etc
3)...
Thanks for the roller coaster ride Waddell & Reed.
http://www.reuters.com/article/idUSTRE64D42W20100514?feedType=RSS&feedName=businessNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+reuters%2FbusinessNews+%28News+%2F+US+%2F+Business+News%29
I agree. A "market" order to sell is an order to sell at the highest price available at that moment, even if that price is extremely low. The simple solution is to get rid of market orders. Of course that is extremely unlikely to happen because the institutional firms make a lot of money off the...
June E-mini S&P 500 Futures May 6th 2010
How's this for a wild day
Open 1,163.75
High 1,168.75
Low 1,056.00
Last 1,122.75
Change -41.50
Settle 1,122.50
Estimated Volume 5,674,895
Prior Day Open Interest 2,591,435
Nasdaq to cancel trades 05/06 06:29 PM
NEW YORK (Reuters) - Nasdaq Operations said it will cancel all trades executed between 2:40 p.m. to 3 p.m. greater or less than 60 percent away from the consolidated last print in that security at 2:40 p.m or immediately prior.
Nasdaq said the...
Which broker are you currently using? Are you currently making around 50 stock and option trades per month with them? FYI, pattern day trading retail accounts are required to have $25K or more. Since almost all bond trading in the US is OTC, I've yet to see a good retail bond trading broker...
If the contracts you are trading are CME Gold (Ticker Symbol GC) and CME Wheat (Ticker Symbol W) then your counterparty risk is negligible. Why, because of the clearing house structure at the CME. See
http://www.cmegroup.com/clearing/cme-clearing-overview/safeguards.html
and...
Get a job through your dad's connections. Try to save some money. To keep yourself sane and learn about trading, open an account and trade mini ibovespa stock index futures. www.banifinvest.com.br has decent rates, maybe you can even find another broker with lower commissions. There's no...
A quick Google search produced
"Traders can only quote subpenny prices on exchanges when a stock's value dips below $1 to give investors more potential quotes, although stocks can be delisted if they languish below this mark for too long."
So if the stock is below $1 you can place an order...
If a liquid stock is trading $3.00 to $3.01, a market maker may have a lot of customer orders to buy at $3.00 and sell at $3.01. If he receives a order from another customer to sell stock at $3.00, he has a couple of choices: 1) he could let one of his other customers buy it at $3.00 or 2) he...