Commissions - are these standard?

G

Godzilla27

Hi,

I'm doing some research on a trading system for a fund/pooled account and they have the following commissions in the system -

10,000 lots - $3 commission round turn (for volume 0-1 yard)
20,000 lots - $4 commission round turn (for volume 1-2 yard)
30,000 lots - $5 commission round turn (for volume 2-3 yard)

So for example, say the fund had 10m USD in it,the strategy would do an average volume per month of about 2-3 yards, so 30,000 lots, which has a $5 commission round turn.

Im wondering if this is high low, standard etc for the industry?
 
Godzilla27 said:
Hi,

I'm doing some research on a trading system for a fund/pooled account and they have the following commissions in the system -

10,000 lots - $3 commission round turn (for volume 0-1 yard)
20,000 lots - $4 commission round turn (for volume 1-2 yard)
30,000 lots - $5 commission round turn (for volume 2-3 yard)

So for example, say the fund had 10m USD in it,the strategy would do an average volume per month of about 2-3 yards, so 30,000 lots, which has a $5 commission round turn.

Im wondering if this is high low, standard etc for the industry?
More...

Commissions going up the more volume you trade? I would expect commissions getting cheaper the more volume i trade.
 
DevBru said:
Commissions going up the more volume you trade? I would expect commissions getting cheaper the more volume i trade.
More...

Sorry I wasn't clear, this is a rebate the strategy/fund manager is offering. so he is probably keeping a chunk himself? So the larger the investment, more you get rebated etc.
 
What on hell is a "yard", man? In this context I mean. Never seen that before in the finance world.
Must be something of the royalists, right? :-)
 
thecoder said:
What on hell is a "yard", man? In this context I mean. Never seen that before in the finance world.
Must be something of the royalists, right? :)
More...

1,000 standard forex lots

A "yard" is a financial slang term meaning one billion. It is used to avoid confusion with the words million or trillion when making a trade. The term is often used in currency trading. Someone who buys a yard of U.S. dollars is purchasing one billion dollars.Aug 21, 2019

Yard Definition - Investopedia
 
Depends on products
tr
 
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