Bright Slashes Rates for 2010.
- Thread starter Don Bright
- Start date
Very similar now (at IB, depends on share size, account size etc. I think), but not apples to apples since our traders have use of our capital and the other benefits involved.
Don
>300K shrs per month is .002 at IB. You have a strange definition of "similar" Don.
Of course you could just clink on the link and see for yourself.
http://www.interactivebrokers.com/en/accounts/fees/commission.php
For the known quality of Bright, I would seriously consider this. Before it hasn't been on the table for me. Might have to put a cost-benefit spreadsheet together.
I'd imagine others share the same perspective. Probably the right way to go -- cheers for that!
I'd imagine others share the same perspective. Probably the right way to go -- cheers for that!
Quote from Don Bright:
OK, as a "soft rollout" and in an attempt to help counter act all the outside fees and other obstacles in our trader's way, we have drastically cut pricing for 2010.
All the safety, training, interaction still included.
Standard traders (200K shares per month and higher). Rebated rent, and .005 per share with .003 for shares above 1,000 on any given order.
New traders and those under 200K shares (from .01) now .007 with .003 above 1,000 shares.
Details: www.stocktrading.com/fees2010.html
(Maybe not the cheapest, but a drastic difference, and "apples to apples" pretty darn good IMO).
Happy Holidays!!
Don
Thanks, we're really trying. And, FWIW, I have sent traders who are willing to use $2million or so of their own capital to my friends at IB.
(And thanks for the PM's and Emails...there's "more" that we can chat about on the phone as well).
All the best,
Don
Still overpriced @ Bright and have they ever added a good futures platform or ever access to the asset class that is growing 20 -30 percent each year? Nope and I know why as margins are not there as they are in lending and stock financing business. Your short stock rebate level is also double of what most get with good fair firms.
If Anyone want rates down to 2/1000 and even lower for ATS plus access to Options and Futures and Currency, I can refer you to a group with JBO's at ML. GS and Penson and 5-6 front ends that will provide service and value added to the pro-trader who wants to scale up their small fund or personal account. PM me if you want more info.
If Anyone want rates down to 2/1000 and even lower for ATS plus access to Options and Futures and Currency, I can refer you to a group with JBO's at ML. GS and Penson and 5-6 front ends that will provide service and value added to the pro-trader who wants to scale up their small fund or personal account. PM me if you want more info.