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I was under the impression it was all-in usually ? Anyway 200-300 is what I've heard also.

It depends if that number includes exchange quote subscription fees or not.

I think 70% is achievable if you have some trading experience.

ROFL Where are you trading Mike ?

Check your PMs.

To answer this to the best of my knowledge, I would say that the only cost that actually varies is the commission or profit split. Regulatory fees are the same for everyone and ECNs are the same for everyone (unless your firm does extremely high volume). So the best way to compare costs is...

So you guys beat the market for way more than 250k per year ? Kudos to you. BTW I now understand why many people do not share information on this board, people's reactions are completely and utterly absurd. Serves me right...

We are talking prop firms. And I said (at least twice !) that my numbers DO NOT INCLUDE ECN CHARGES. Reading Comprehension 101. Class starts tomorrow.

That is a pretty big difference. I did not like the SEC rate hike, so you must've HATED it ;p Yes, I think most stocks that I trade are in the 1-30$ range, with very few being over that bracket.

Since I looked at Jan 1 to Apr 30, then the only period where the new fees are accounted for is Apr 1 - Apr 30. You make a valid point, I didn't even think about it when I first mentionned. Let me check how it works out for April only, since the new SEC rate was established. I'm being very...

While that may be true, we went out of our way to create a firm that would give us the cost-advantage of the title/swift model while retaining much more of our hard-traded dollars. It's not rocket science of course. None of us are extraordinary geniuses. We just did our homework and did what...

Wow. All I did was take my PNL report, add commissions+fees+profit going to b/d and divide by volume. And I gave you the results. I am not asking for anything from you, so why in Gretzky's name would you come out to me like this ? I don't have to share any of this with you, I am doing it...

Yes it does. The only thing that is excluded : ECNs. It accounts for profit split, commissions, SEC, other regulatory fees. I'm simply sharing info here, not trying to create a commotion.

You are aware that this doesn't include ECNs right ?

I went ahead and calculated my cost including the profit split (again, without ECNs, because of the reasons I stated in my previous post). It comes out to 0.749 per 1000 shares (0.000749 per share). That's about double the previous figure of .0003549 per share which included commissions...

It does not include ECNs, because I am net positive for ECNs over that period. But the figure includes everything else: commish, SEC, TAF, etc. I do give up a portion of my profits, but it is nowhere near 40%.

Yes they can. Title works that way. So does Swift. I like it better when they only count actual positions (that's how it works for me anyway). They are most probably switching you because you routinely bust your BP with open positions. BTW, how long have you been trading ? 50k is...

I can't include ECNs because I make money off them, but everything else included my costs come down to : 0.3549 per 1000 shares or .0003549 per share That's on approx 35M volume (Jan to Apr 09).

You think ? ;) It's a 4-hour drive both ways from me and I still manage to make it to ~10 games per season :D

Have you guys enjoyed a Habs game at the Bell Centre yet ?