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I did make a mistake.... sorry !!!! Banker

Why would you pay .007 if your doing 3 mil shares per month. You are right.... its not the SEC that's taking your money.... its your firm !!!!!! Banker

Are you crazy !!!! I pay over $100 in SEC fees a day which will go up up to about $150. That's an extra $50 per day x 20 days x 12 months = $12000 + I already pay about $20000-$24000 per year. Judging from your apathy in SEC fees, my guess is that you are not an active trader or you...

If you notice on listed lately... ISLD has been posting orders along side the specialist at the same level. It can help if you have over 1000 shares and want to NX the NYSE and get the ISLD for the balance. Also, if this works.... maybe ARCA, INCA and BRUT will follow suit. There is some...

This is the best news I've heard in a long time !!!!!!!!!!!!!! March 1, 2003 Dear Client, In a continuing effort to deliver greater value and services to our customers, I am pleased to announce a pricing pilot for Exchange Listed securities executed on Island. Currently, the access...

Direct+ Rule Change The SEC approved an NYSE request to allow multiple traders in the same firm to enter Direct+ (NX) orders within 30 seconds of each other. The previous interpretation of the rule restricted trading firms--as a whole--from entering multiple Direct+ orders within a 30-second...

Find a clearing firm like Penson or SWS securities. They will best answer your questions. Banker

-Same individual would be painting the tape. -Members of a group who share equal profits would be painting the tape. -Members of a group whose profits are not commingled could be painting the tape if the trade was designed to manipulate the stock. Although sometimes a trader will shift his...

Liquidity trading might be coming to an end .......... Rumor has it that instinet might be lowering their rebate down to a $1 or less. That is the bad news !!!! But the good news is that I hear they might be lowering their charges down to anywhere from a $1 - $2 per 1000 from the $3 per...

http://www.archipelago.com/default.asp?x=1&y=2&page=/exchange/mm_fees.asp This is the URL for the Arca fees page..... I think they changed their rates for listed about 2 weeks ago. No change for Nasdaq .... it still is $2 to add $3 to take and $4 to route away. Banker

I had asked Instinet about their listed pricing.... and their rep had said that within 2 weeks they are aggressively changing their entire pricing structure will be lower particularly on listed. Has anyone heard what they will be going to ??? I know that ARCA is now $2.50 rebate to add and...

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I recently leased a small office in the central NJ area and I am currently trading by myself at this location. I am looking for some quality traders to trade with and share the costs of an office. I would also like to create a professional trading atmosphere. I trade on PTPT1's with always...

I was wondering if anyone would like to trade in the central NJ area... I am looking for a few people to start a trading group and share the costs of an office. I am already trading there and could use some quality traders to share ideas with. Equipment is already set up and ready to go. I...

I agree and disagree with what you are saying. I think that many if not all prop shops do have some sort of a conflict of interest, but its all about risk. My firm has offered to make me a true prop trader.... No risk at all !!!! but the payout and tickets are ridiculous. I am more...

5. Clearing cost is only ONE expense Socrates. Do you have any clue what rent, compliance, SRO fees, legal fees, marketing, insurance, utilities, data fees, licensing fees, exchange fees, accounting fees, and most importantly technology expenses cost??? You can't run a firm without these...

As far as rebates.... almost all ECN's are offering $2 to add liquidity. Think about it..... ISLD/INCA/ARCA and supermontage all charge $3 and give a $2 rebate. TRAC is giving $2.30 unless they go out of business first (see below) NXTD is now $2.75 to take and $1.25 to add (and that's if you...

Now every ECN except the ATTN is charging $3 or less to take liquidity (except routing away). ATTN is still charging anywhere between $5 and $9 per 1000. No wonder they are having a tough time collecting. Lets hope that they decide to jump on the bandwagon ..... or better yet, maybe they'll...

About 6 months ago, there were many threads on flipping for rebates..... Using ATTN TRAC and NXTD to flip the likes of WCOM, JDSU, SUNW, CMGI, INAP etc....... we haven't heard much about this recently. I was wondering if it is still good using these ECN's (Not including INCA/ISLD). - Are...

Now that NXTD went from the most expensive to the cheapest..... it will be interesting to see what the only 2 ecn's charging over $3.00 per 1000 to take liquidity will do. 1- TRAC is still $7.00 to take and $2.25 rebate to add.... but it seems that DATA (SOES fee only to take) is the way they...