Amex Comission.

C

Craig66

I am using tiered commissions and I am currently under 300,000 shares for this month.
In the TWS execution report window I noticed this: BUY 82 shares @ 42.26, executed on AMEX for a commission of -$0.18.

I tried to work through this commission, assuming I added liquidity:
AMEX rebate = 82 * -0.0024 = -0.1968
IB Commission = 82 * 0.0035 = 0.2387 => 0.35 (min commission).

So even before adding in finra, pass-though etc. the commission is about $0.16.
So how did I end up with -$0.18? What am I missing?
 
You spent $3400 and worried about a difference of 2 cents????

Is today april fools? I mean I know people like to keep their money expenses in order, but 2 cents?
 
S2007S said:
You spent $3400 and worried about a difference of 2 cents????

Is today april fools? I mean I know people like to keep their money expenses in order, but 2 cents?
More...

A negative commission is a rebate. He's trying to understand how he got credit for the trade instead of having to pay. The difference is not 2 cents.
 
Jack_Larkin said:
A negative commission is a rebate. He's trying to understand how he got credit for the trade instead of having to pay. The difference is not 2 cents.
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Well even -0.18 credit isn't even worth questioning. Maybe a $1.80
 
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