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  1. Robert Morse

    $23.10 per transaction of stock in the US?

    The ORF fee has always made me angry. An exchange gets paid every time a trade is done even if not on their exchange.
  2. Robert Morse

    $23.10 per transaction of stock in the US?

    Scottrade clients are all moving to TD before end of month. https://www.tdameritrade.com/pricing/brokerage-fees.page This is a pass through of regulatory fees and not something you can avoid, so I don't see why this is an issue. It funds the SEC. You have to pay TAF too.
  3. Robert Morse

    What is the best direct access software and broker for experienced traders?

    I would say that our equity rates are very similar except we also offer a per trade rate and they don't. Our option commissions are lower. We only focus on US listed equities and options. Anyone that wants to give us a try can use this promotion-https://www.lightspeed.com/10k-2018/. What I...
  4. Robert Morse

    $23.10 per transaction of stock in the US?

    Sorry, but it is not misleading. It is accurate. It is not based on shares sold but the dollar amount.
  5. Robert Morse

    What is the best direct access software and broker for experienced traders?

    I was not talking about an account at IB. I was referring to a Lightspeed account with custody at Wedbush.
  6. Robert Morse

    $23.10 per transaction of stock in the US?

    That is the commissions with a pass through of reg fees.
  7. Robert Morse

    $23.10 per transaction of stock in the US?

    Not sure what you are asking. As far as I know every broker passes this fee to the account owner. BTW, we charge $4.50/trade. On Web trader there are no routing fees, market data fees or platform fees. https://www.lightspeed.com/trading-platforms/lightspeed-web-trader/ Not a DMA platform.
  8. Robert Morse

    $23.10 per transaction of stock in the US?

    Not new. sec section 31 fee. https://www.sec.gov/news/press-release/2017-183
  9. Robert Morse

    What is the best direct access software and broker for experienced traders?

    With Lightspeed, if you pay our base rate of $4.50/trade or $0.0045/share and you trade 1000 shares, the commissions is $4.50. If you add liquidity on NASDAQ, you get paid $0.002 per share or $2.00/1000. That would cost you $2.50 for the 1000 shares not including the regulatory fees. The best...
  10. Robert Morse

    What is the best direct access software and broker for experienced traders?

    TD does not offer DMA for stocks. We do. Bob
  11. Robert Morse

    Noob question about code hosting

    What asset class? Is this a low latency set up? In general you run your your own code from your server either local or hosted. Then you connect to your broker through an API to route to the exchange and make queries. Give me a call this morning if you want to chat. Bob
  12. Robert Morse

    Online Broker with Fast Transaction Times & Scanner

    On all out DMA software, yes. On Lightspeed Web Trader, $10,000, but it is web based, only has one route to equity market makers, and has other restrictions vs our other platform. https://www.lightspeed.com/trading-platforms/lightspeed-web-trader/
  13. Robert Morse

    Online Broker with Fast Transaction Times & Scanner

    Lightspeed Trader is very fast, offers DMA, per trade and per share rates and has a stock scanner called Lightscan. If you want to give us a try with $25,000 or more, you may use this promotion https://www.lightspeed.com/10k-2018/ Just email me with your name and phone number. If you want a...
  14. Robert Morse

    why are High Dividend stocks perceived to be superior?

    IMO, if a business has cash flow that they do not need to reinvest for growth, pay down debt or reduce costs, I would hope they would return that cash to shareholders so they can make investments with a higher return than cash (1 year T-bill about 2%-repos are lower). However if the company can...
  15. Robert Morse

    how do i calculate the margin i will need

    Very hard to use, but CME CORE will help. http://www.cmegroup.com/clearing/cme-core-for-futures-and-options.html Bob
  16. Robert Morse

    help. i'm a complete novice and want to understand how would buying a call and a put work.

    Sorry, but you are not ready for real trading. You don't seem to have a handle on why you buy that spread, where you make and lose money and what happens at expiration. I'd be doing you harm by making corrections and giving you information, You need to do more reading and understand the...
  17. Robert Morse

    how to chart the implied volatility of futures or individual stocks?

    We can do that on Our lVX software for equity options and the cash settled indexes on the CBOE like VIX and SPX but no futures.
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