Commissions! Commissions! Commissions!

[gimp570]

What is a fair rate for a trader that does 1 million shares a month ? Per Share Rate. I have been trading for 7 years now. I trade Prop. With 10k down..I know rates have been coming down big time over the last few years. I just want to know what you guys think is a fair rate to pay.


Thanks

 

[Thug_Life]

$3 per thousand shares.

Here's a list of firms if you want to check around:

http://www.tradersnarrative.com/list-of-proprietary-trading-firms-735.html

 

[scorpion]

that is a fair rate.. its all about hitting singles, & controlling risk, we are talking sub-pennies, how insanely cheap from the old days.. @ 18.00 per ticket.... we all get carried away in trying to get it a little bit lower, its crazy... its almost free..

 

[gimp570]

Quote from scorpion:

that is a fair rate.. its all about hitting singles, & controlling risk, we are talking sub-pennies, how insanely cheap from the old days.. @ 18.00 per ticket.... we all get carried away in trying to get it a little bit lower, its crazy... its almost free..

when i first started i paid 23 bucks a ticket and $75 for 1000 share bullet...but for 2000 share bullet was only $100

 

[scorpion]

actually back in 1993, i paid $150.00 per 1000 shares traded with olde discount brokerage, a different world than today, it was done with brokers back then, thats the old days & that was considered a good comm, if you traded with merrill , $ 300.00 plus . the rates these days are rock bottom, we all get caught up in the rate game... need good setups to make $$

 

[gimp570]

Quote from Thug_Life:

$3 per thousand shares.


[]





So .003 per share is a good rate?

 

[T3-Jeff]

We offer VERY competitive rates and the choice of numerous platforms including Laser, Sterling Trader Pro, and Lightspeed. Please feel free to call us at 1.866.901.3223 or email us at info@jctradinggroup.com for more information about joining our group. Thank you, Jeff

Quote from Thug_Life:

$3 per thousand shares.

Here's a list of firms if you want to check around:

http://www.tradersnarrative.com/list-of-proprietary-trading-firms-735.html

 

[blumartian]

What about rates for someone starting out, perhaps doing < 500k monthly? What should be the most one should pay for trading at a desk?

 

[sosa1974]

Quote from gimp570:

Quote from Thug_Life:

$3 per thousand shares.


[]





So .003 per share is a good rate?

Cut that in half (.0015), add liquidity rebates and your cost can be as low as .001. Million plus share a month and you are talking a lot of p/l that would go in to your pocket. Get the lowest rate possible when negotiating your commission schedule. You can get at least .0020, check around.

 

[scorpion]

hey soso.. really, where you can get 2.00 per thousand on 1 million shares monthly.. .. i don't know of 1 firm that will offer 2.00 per thousand with a 100 % payout.. what firm will offer this comm rate?