0 Commish NYSE Gross Deals

Quote from HomeGrown:

I don't think this is advantageous. 40% gross with all the risk?

If there is one thing I learned in B School, all business have unlimited upside and limited downside.
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It's not advantageous. According to the 20 days (1 month) of trading data I used, the trader's net payout would be almost identical using either structure. Your costs (Bright Trading's take) would almost be the same also.

The only reason a trader agrees to take a 40% payout (or less) is to shift the risk towards the firm.
 
Quote from HomeGrown:

I don't think this is advantageous. 40% gross with all the risk?

If there is one thing I learned in B School, all business have unlimited upside and limited downside.
More...

And the controversy continues. We have always had that program, and it seems to make more sense....but we try to "please everyone" if we can.

Don
 
Quote from XoomSupport:

Xoomtrade (www.xoomtrade.com) also offers the same deal for NYSE except Xoom has a 1,000 share minimum. Also arca, inca, and isld are included for FREE. Xoom's payout is 40% of Gross commission. Traders have to put in $10,000 trading capital.
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Correction: Ours is 40% of the Gross, not commissions.
 
Quote from MR.NBBO:

I pay a chunk out in commisions, especially NYSE..........but 40% gross..........no deal!

Might make sense for some middle income traders, but come on , this is no deal... and I trade 5,000++++ all day long and its no deal, unless you need some very serious capital and figure that in too.

I'm sure bright is accomidating to traders, but 90% of all traders ++ lose.......and if they need $$$ for an in + this, then this is nothing than a delayed tombstone.


Cheers--& get the best execution/ price mix that makes sense for YOUR EXACT TRADING STYLE. If this is Bright, then go for it!

From Hawaii: :cool: Da Klaw
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Quote from axehawk:



It's not advantageous. According to the 20 days (1 month) of trading data I used, the trader's net payout would be almost identical using either structure. Your costs (Bright Trading's take) would almost be the same also.

The only reason a trader agrees to take a 40% payout (or less) is to shift the risk towards the firm.
More...

correct- for traders in middle a gross payout of 35 to 40 perc ent is roughly = to commission charges + a high profit payout
there are traders who gross e.g. 40k from market but after commissions net zero and a 35% payout is reasonable.
each trader can figure out his individual circumstances.
 
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