Is this broker any good for options? $5 and .15 per contract thats the cheapest ive found so far.
Do you think 606 reports are useful?It's hard to compare because we can't compare Quality of execution and we don't know what your average trade size is. I assume this is for smart routes only. You should ask where your orders go, especially complex spreads. You'd be surprised at how quality of execution makes a huge difference on cost.
Do you think 606 reports are useful?
I used it years ago for options and can comment based on that possibly very stale experience:Is this broker any good for options? $5 and .15 per contract thats the cheapest ive found so far.
I suppose it helps to at least know if your broker sells order flow or internalizes. Some prop firms internalize as well (daytradetheworld, WTS?)https://www.tdameritrade.com/retail-en_us/resources/pdf/AMTD2055.pdf
606 report. If I'm reading it correctly, almost all non directed orders were routed through a market maker.
https://www.tdameritrade.com/retail-en_us/resources/pdf/AMTD2055.pdf
606 report. If I'm reading it correctly, almost all non directed orders were routed