Best Broker for large blocks?

[hans130]

Quote from bro59:

PointDirex apparently does not credit a trader for adding liquidity.

It appears that to remove liquidity via Inca on 100000 shares of a 2 buck stock is gonna cost you around half a cent a share in ECN fees, plus the $7.95, plus the SEC fee of about 6 bux. At least Interactive Brokers (I'm not a client, but I did stay at a Holiday Inn Express last night) includes the ECN fee so although you aren't capped on a per share basis the amount you pay per share isn't rapage per the ECN's added fee which would be $500 in the above example. They also ice the cake by including the SEC fee, but are one of very very few brokers who do include that.

If you really want to trade large blocks then negotiate a private rate schedule with a BD that caters to the way you trade. You can beat the pants off the canned deals advertised at most shops, both retail and "professional."

Lets compare that trade with IB. With IB that trade will cost you $502.5. Also they dont give you liquidity rebates either.

With pointdirex, that same trade will cost you 507.95. So you are not looking much of a trade price difference. Plus with pointdirex software you get many added features that IB does not provide for equites trading. So its a traders preference what they choose.

Also if you are a trader who does good amount of volume, they do provide liquidty rebates. So lets say they give you a rebate of $2 dollars on that trade. So you would actually make $192.5.

I do trade with pointdirex.

 

[def]

Quote from hans130:


1. PointDirex. They have a 7.95 per trade fee for unlimited shares.

2. Lets compare that trade with IB.......

3. With pointdirex, that same trade will cost you 507.95.

But then again, we're (IB) not advertising 7.95 per trade either

 

[hans130]

Quote from def:




But then again, we're (IB) not advertising 7.95 per trade either

Again this threads discussion topic is about large block shares size only. If you do prefer smaller trades share sizes along with large shares size than look at the special for EliteTrader members.

http://www.pointdirex.com/live/en/ns/html/welcome_elitetrader.htm

 

[def]

I was just kidding around.

 

[bazuco]

To the sarcastic poster who accused me of "selling something": I have nothing for sale except millions of shares of small stocks. I appreciate the legitimate comments. What about short inventory in under $5 stocks? thanks!

 

[richtrader]

Quote from hans130:

Again this threads discussion topic is about large block shares size only. If you do prefer smaller trades share sizes along with large shares size than look at the special for EliteTrader members.
http://www.pointdirex.com/live/en/ns/html/welcome_elitetrader.htm

If you work for them, you should have them correct the opening line on that page: "EXCLUSIVE OFFER FOR ELITETRADER.COM MEMEBERS ONLY"