Am I reading these commissions right?

indahook · Apr 21, 2004

Quote from Amp:

Yes, not questioning where the .003 from ARCA comes from, just where the .008 is coming from.

Amp

ECN Fees (NASDAQ) Add Liquidity Remove Liquidity
BRUT $0.0023 $0.0027
ARCA $0.0020 $0.0030
INET $0.0020 $0.0030
TRAC $0.0025 $0.0030
SIZE (Supermontage) $0.0020 $0.0030

according to this price sheet,

I am a buyer and I lift the offer = +.003
Then I smack the bid to get out = +.003
plus the firms vig = +.001

oops...I meant .007 + SEC fees......if I have it wrong someone please correct me

Amp · Apr 21, 2004

Quote from indahook:

I am a buyer and I lift the offer = +.003
Then I smack the bid to get out = +.003
plus the firms vig = +.001

oops...I meant .007 + SEC fees......if I have it wrong someone please correct me [/B]

what is the "firms vig" ?

thanks,
Amp

UMU · Apr 21, 2004

Quote from 3vian:
ECN Fees (NASDAQ) Add Liquidity Remove Liquidity
BRUT $0.0023 $0.0027
ARCA $0.0020 $0.0030
INET $0.0020 $0.0030
TRAC $0.0025 $0.0030
SIZE (Supermontage) $0.0020 $0.0030

Is this per share or per ticket?

Amp · Apr 21, 2004

Quote from UMU:

Is this per share or per ticket?

per share

indahook · Apr 21, 2004

Quote from Amp:

what is the "firms vig" ?

thanks,
Amp

oh boy.

The firms piece of the action...you dont think that everybody but them is gonna get paid do you?

Amp · Apr 21, 2004

Quote from indahook:

oh boy. The firms piece of the action...you dont think that everybody but them is gonna get paid do you?

where is this listed?

thanks in advance

UMU · Apr 21, 2004

Quote from Amp:

per share

Then IMO it's no more attractive since it would mean at least .004 per share.
For competitive quantities I think one can get better rabates elsewhere.

USAtrader · Apr 21, 2004

Unless you're doing straight listed.

Quote from UMU:

Then IMO it's no more attractive since it would mean at least .004 per share.
For competitive quantities I think one can get better rabates elsewhere.

UMU · Apr 21, 2004

Quote from USAtrader:

Unless you're doing striaght listed.

What's that meaning?

Amp · Apr 21, 2004

Quote from USAtrader:

Unless you're doing striaght listed.

Seems like, if you use a lot of limit orders outside of the NBBO (on INET), route thru INET, and trade very liquid stocks, it would be very very cheap?

Amp