Definitely: get some volume going and you will see a difference in your rates.
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All In Deals - Are they worth it if you trade listed?
- Thread starter john_nyc_trader
- Start date
MNX/RNRBAND
Had an e-mail conversation with one of the guys and he confirmed that SEC fees are not included, but all ECN's are.
I told him that I mostly do listed, and it might not be worth it for me, so he replied that if I do over 1M per month, I will have a rate of of $0.00225 + ECN's. Anything under 1M is $0.0025.
I have to crunch the #'s and see how much I use ARCA/BRUT/BTRD etc....
What do you think?
Had an e-mail conversation with one of the guys and he confirmed that SEC fees are not included, but all ECN's are.
I told him that I mostly do listed, and it might not be worth it for me, so he replied that if I do over 1M per month, I will have a rate of of $0.00225 + ECN's. Anything under 1M is $0.0025.
I have to crunch the #'s and see how much I use ARCA/BRUT/BTRD etc....
What do you think?
Wow, thats a lot of shares. You must be rebate trading then.
RNRBAND...
Mind PM'ing me where you trade? W/SEC fees sounds interesting.
Mind PM'ing me where you trade? W/SEC fees sounds interesting.
RNRBAND...
By the way, leverage is 100X1. I have not seen the software yet so I am waiting to get a demo.
By the way, leverage is 100X1. I have not seen the software yet so I am waiting to get a demo.
Quote from RNRBAND:
john, remember leverage, software and support are VIP as well. Volume is obviously key to doing the rate game.
MNX- curious as to what software you use? do you take liquidity much?
I average .0052 but that includes sec fees and I always take liquidity.
RNR: I use prosperpro (the inhouse software at the firm i trade at.)
I almost always take liquidity, I hate waiting to be filled...
John_NYC: I'm trading listed also, no rebates here.
mnx
isnt that via Swifttrade? I heard the software crashes all the time.
Quote from john_nyc_trader:
isnt that via Swifttrade? I heard the software crashes all the time.
crashes all the time.... sounds like an exageration to me...
although on a related story when RIMM resumed trading today I was long 700 shares my quotes were delayed by several seconds and orders weren't accecepting or canceling... had to close the program and re-open while other traders were shouting out the price.
so all the time, not so much. but yes it has it's issues.... no piece of software is perfect.
ttys
mnx