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From INCA's site: Instinet has increased the rebate for broker-dealers that provide liquidity to $0.002 per share from $.0005 per share, a 300% increase. The charge for taking liquidity remains at $0.003 per share. With these new rates, the cost for a customer who provides and takes liquidity...

I tried this out yesterday. The instructions on how to do it is in the online user's guide on IBs site - pretty simple. I entered the order, I think around 9:15, can't remember exactly. Once the stock opened (at 10.04 - my order was to sell limit 10.30), the order automatically cancelled...

Close call.. But the winner is Bright "edge"ing out Echo for the lowest rates prize! (only among prop firms - IB's .005 still beats you guys when you trade large size) It's those ECN fees. .0040 (ARCA), .00625 (INCA). That's a 40% and 62% increase over .01. I agree, if you can't make...

I hate spending money as much as anyone, especially on trader "training" which I am skeptical of.. I went to one of the free "workshops" offered by Bright. I was hoping it wouldn't be a waste of the $10 in gas to drive out there. I was skeptical at first, listening to the speaker talk...

Thanks for the tip random. Using ISLD on listed stocks can be profitable! I do use L2s to see this.. For instance, in a weak stock NYSE showing 30.40 x 30.50 and sometimes ISLD will pop in with a bid at 30.49. I hit em immediately for whatever size they are showing. Wouldn't have been able...

Magna - That's true, I would route directly to ISLD in that case, however I am assuming that Bright does not have a direct link to ISLD, or others such as INCA, since they do not charge the ECN fees. This from Echo's site: >> Often times firms that offer no ECN fees do not have direct...

Just saw the (new) Echo fee schedule on their site. They charge the ECN fees, but say on their site that the "direct access" to the ECNs is superior. They even point out that firms that do not charge the ECN fees (Implying Bright here I think), suffer from slower executions because they try...

On listed stocks on the L2s NYSE usually showing along with CSE, BSE, ASE. I assume this is Cincinnati, American, Boston exchanges, etc.. Also, NAS (Nasdaq?). For example: CSE 5.03 ASE 5.06 NAS 5.03 CIN 5.08 NYS 5.00 NYS 5.10 Using IB...

Interesting to me was the "fee consideration" order option. Would ECNs show up as charging a fee, and MMs not, thereby sending those orders to the MMs instead of the ECN when at the same price? Getting on the same side as MLCO strategy is dead -when it will be showing as SIZE instead...

I've heard about adding to a position when it's going your way. Anyone do this? I'm usually too anxious to take some profit.

Don, I think your site says conversions are free? Bullets? rtharp, are conversions free at Echo? I think I heard bullets were .025/sh. If I have 25 stocks that I want to set up conversions, following them for the entire month, and it does not tie up buying power, wouldn't it be cheaper to...

Vinny - Anything that has run up alot over the last few days, and looks like it will not take out previous day high in the morning, expecially on down days in the overall market. MSTR, RHAT, EXPE I have traded in the past.. Don - You say that you discourage short selling. How would you...

Anyone like to short on this board? Personally, I like it alot better than buying, especially for NAS tech stocks! I probably do 85% shorts compared to 15% long to open a position. They fall apart so quickly on the illiquid ones, it's a beautiful thing. I can feel the longer term "investors"...

I used to trade with AB Watley. The per ticket charges can kill you. Per share is definately the way to go IMO, especially if you like to scale in and out.

First 500 shares .01, above that on the same order .005 per share! No fees passed through from ECNs or NYSE (as far as I can tell). .01 IS .01. No volume needed to get these prices, no desk fees. That's why IB is still the best. I could care less about customer service, I've called the help...

I've been using it for over a year. I really like it. I only use it for the charting, although you can scan and do a few other things with it. I recently got Realtick for quotes, but I'm keeping IQ Chart. I use their Parabolic and Moving Averages and while (theoretically) different...

I would think that by now there must be firms out there running automated systems, set to take advantage of any arb opportunities in the futures vs the QQQ, and may explain why they track so closely now? Could a human pressing keys really compete in this area?

Anyone experienced with selling credit spreads, both ways, for instance stock at 50, selling the 40$ calls and puts, buying the 35$ calls and puts (this called a butterfly?) for a credit? I'm thinking front month. Any insights? Best to do this on stocks with high volatility/premium?

I've seen the term "price improvement" used alot on these boards by NYSE traders. What exactly is your definition of this? Because my take on it is - (all due respect here) maybe a term used to hype NYSE trading. ECNs - when I try to hit a bid or ask on the L2s I know I'll get filled...

I saw a few different codes in the replies here. This is what worked for me: NAS emini: /NQC2 S&P emini: /ESC2