Detailed Trading Fees

[Don Bright]

Quote from proptrader911:

Hi ronin, Don,

Your discussion have been very useful and I had gained valuable insights into how rebates work and the difference in the ECNs. However there are few things that I am finding it difficult to find information about and would be very grateful if you could help me out.

To start with I would like to ask you how can I actually remove liquidity on YBATS and get paid for it? I have various BATS and BYXX ECN routing options but none of these seems to do the work for me. What other options do I have if I want to get paid for removing liquidity? I had tried using CBSX but I keep getting a message that there is no connection to the CBSX server. Do I have to talk to the support guys at my prop firm to solve that problem for me?

My other question is regarding some other ECNs that I have available but have no idea what their fee structure is or the routing & order types that they have available to traders. I would greatly appreciate any additional info on these ECNs such orders types, priority of execution and fees structure. They are as follows:
TRAC, MILL, NSXS, DTTX, BYXX, NQPX, XBOS, CSFB.

I would like to thank you in advance,

Sincerely,
proptrader911

We don't have bother with all the minor ECN's at this point. Remember, the most important thing for our traders is getting filled on 1000 shares or more. I'll post this again for reference. It IS essential to know where you're routing, can make a few $thousand difference each month.

www.stocktrading.com/routing2012.xls

Don

 

[ronin266]

Quote from Don Bright:

We don't have bother with all the minor ECN's at this point. Remember, the most important thing for our traders is getting filled on 1000 shares or more. I'll post this again for reference. It IS essential to know where you're routing, can make a few $thousand difference each month.

www.stocktrading.com/routing2012.xls

Don

That info is a little bit outdated. If your trading strategy depends on some degree of the routing, check the exchanges sites every month for possible changes in the fee structure. They implement them mostly at the 1st and 15th day of the month.

 

[Don Bright]

Quote from ronin266:

That info is a little bit outdated. If your trading strategy depends on some degree of the routing, check the exchanges sites every month for possible changes in the fee structure. They implement them mostly at the 1st and 15th day of the month.

I know the actual numbers vary, but since they are all pass through to traders anyway, not a big problem.

Is there a major difference that I'm missing? Any destination not paying that was or anything? If so, please let me know and I'll check and change the spreadsheet. Thanks...

Don