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I believe Domestic Securities in NY and FL offer a .50 per execution deal, with up to 80% payout - that's the closest I've seen to a gross deal.

How is that? From ARCA's web site: Orders in NASDAQ stocks are not subject to the bid test as long as the order is matched in the ArcaEx Book*. Short Sales that are routed outside the ArcaEx book will be subject to the short sale rules of the away market. and (I think this only begun...

If I'm not mistaken Nasdaq and ARCA don't accept sub penny orders. I know ISLD always has and INCA as well. I think the sub-pennys are good if you are a taker of liq (momentum trader), bad if you are provider (marketmaker trying to earn the spread). I would say it is ARCA that has really...

I don't think the ECN rebate structure will stop anytime soon. It has been great to promote competition in trading OTC stocks. The ECNs have been increasingly grabbing market share from Nasdaq (remember all the industry studies said Supermontage would run the ECNs out of business! HA!)...

Of course the firms need to make a profit, but that is not the compelling issue for the trader. The trader's concern is putting him/herself in a position where they can have a positive expectancy for success, usually defined as "being able to make a living trading". People talk about any...

I would say that the prop firm that requires a capital contribution, but charges say .006 as opposed to .012/share has a greater likelihood of success for the trader. The firm, with less capital at risk in this case, can charge the lower commission. A trader has a better probabiliy of success...

If you take out someone's order, you are taking liquidity, not adding, and you are charged the fee instead of earning the rebate. You only get the rebate when someone hits your order which is already on the book. ISLD fees for OTC stocks are currently -.003 to take, +.002 to add, same prices...

You guys that wont trade opt expir friday's, you probably sat out today during the interest rate decision too. Some traders! Those moves down and back up today after the decision were great! Good day for swingin the bat. Anybody have any big wins or losses?

A few challenges doing this.. Apparently many people have caught on to doing this because the spread in some of these low priced stocks is an unbelievable .001, so you are making a tight market. Any price move against you and you will have to bail out so you will also certainly lose the...

Yes, although it is better thought of as.. reducing my costs of trading, rather then focusing your style on the rebates per se.. For example, you can focus your style on the rebates and attempt to make your money by doing huge volume, so the focus of your trading is to add liquidity and just...

There is something sinister about the Worldco model, you have to admit. They float capital to new traders, but really you can even lose some of their money - they are charging you so much in comms that they know they can come out ahead. They are little casinos. The average daytrader...

ok, bad example by using bull mkts as a measure of success. My point is that whatever your style thrives off of: volatility, gap openings or closings, etc.. you may miss this on your day off. So don't bi*ch on ET about how there "just isn't any vol anymore" when you're on the links and the DJ...

I don't think so. As the business cycle turns from down to up, stocks come back first, corp profits and GDP second, and jobs last. (Ivy league grads STOP applying at Worldco after that..)

"An 'efficient' market is defined as a market where there are large numbers of rational, profit-maximizers actively competing, with each trying to predict future market values of individual securities, and where important current information is almost freely available to all participants. In an...

You shouldn't take days off. You never know when the best days are going to be. Cumulative Total Return of the S&P 500 Stock Index 1993 – 2002 (1): Fully Invested + 144% Missed 10 Best Days + 52 Missed 20 Best Days + 5 Missed 30 Best Days - 24 Missed 40 Best Days -...

OK, it seems like it has been a few weeks since we bitched about comms, what I want to know is.. Who's got the best rates?! NYSE and OTC. For OTC, firms that mark up the ECN fees are disqualified, don't bother! I know this has been discussed relentlessly in the past, but it's an ever...

dotslash, your attitude just proves RichSohn's original post, which is entirely true.

Yes there is.. AGE. The best trader is NOT the one with the most money, he/she is the one with the most money and has kept it the longest. Alot of these "young millionaires" made it on high risk gambles that paid off, it doesn't make them the best traders, since it's a matter of time until...

Past results are irrelevant, if Jesse Livermore was alive today and offered a course, he'd get takers at $20k a pop, and his acct ended with a negative balance.

You go to a prop firm and put up your $10k. If you can't afford to lose it you shouldn't be trading with it in the first place. They set you up to trade and if you are lucky you get some good ideas from them. If you lose your $$ trading you have no one to blame but yourself. If they...