Genesis-based prop firm with low comissions.

L

LoosesCatcher

Hello, guys.

My trading volume is about 10mil shares per month and I pay to my prop(CYgroup) 0.0035 per share. I have 100% payout but anyway I think $35000 it's too much. Do you know some alternative Genesis-based prop's with 10+ leverage and lower commissions? Thanks.
 
Quote from LoosesCatcher:

Hello, guys.

My trading volume is about 10mil shares per month and I pay to my prop(CYgroup) 0.0035 per share. I have 100% payout but anyway I think $35000 it's too much. Do you know some alternative Genesis-based prop's with 10+ leverage and lower commissions? Thanks.
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Hahaha. Yeah ok. You are smart enough to find a strategy that overcomes the cost of commissions, ecn, and sec fees on 10,000,000 volume (min $40,000 gross) but too stupid to negotiate a better rate than .0035 on 10mill.

And 1 post.

Sorry sir, your inquiry does not seem credible.
 
Quote from Clubber Lang:

Why only Genesis?

Assent, Hold brothers, etc (not Bright) all offer rates that are better than that.
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Genesis because of it's API. It's very convenient for me.
 
Quote from NY0BScalper:

Hahaha. Yeah ok. You are smart enough to find a strategy that overcomes the cost of commissions, ecn, and sec fees on 10,000,000 volume (min $40,000 gross) but too stupid to negotiate a better rate than .0035 on 10mill.

And 1 post.

Sorry sir, your inquiry does not seem credible.
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I hope you have a lot of fun ;) For some time commissions was not the most important question for me, now - it is. So I want know typical rates.
 
Quote from LoosesCatcher:

Genesis because of it's API. It's very convenient for me.
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Assent (Anvil platform) has an API. Also, there's a thread with a bunch of experts commenting on this forum.
 
I wouldn't want to misdirect here, but I am under the impression that Cy can offer 0.35/1000, which is 1/10th of what you say you are paying. The payout might be a little under 100% at that rate though. And no, this does not represent a quote of any kind.
 
Unfortunately I'm not living in NY and I want to trade remotely from abroad with 100% payout and commissions compared with IB unbundled for such volumes.
 
Quote from krazyanyway:

I wouldn't want to misdirect here, but I am under the impression that Cy can offer 0.35/1000, which is 1/10th of what you say you are paying.
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How can they be profitable at that rate ? How can there be such a drastic difference in rates between 2 competing firms ?
I mean look at the situation with FedEx vs. UPS.....wouldn't it be crazy if one could deliver a package for $1 and the other for $10 ?
This whole thing of prop rates and terms and conditions is driving me pretty crazy.
 
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