how is the commision being calc.?

G

giladbi

yesterday i bought 22800 shares and sold the same amount
i was charged 91.21$ on the buy side, 98.7 on the sell side and 34.14 on SEC fees


on another date for exp. i traded 7500 each side and payed 300.02 for the buy and 249.02 for the sell and 162.43 for sec fee
even if i don't add the sec fees into the commisions than i have payed 0.00363 per share

most of the days is like 0.0036 to 0.00375

my agreement is 0.0035
what i am missing here?
or they overcharging me?
 
Something to do with how your trades are routed. If you use a route where you not only remove liquidity but also remove liquidity from another exchange then you pay extra fees. I am not really qualified to answer your question but I hope it leads you to a better answer.
 
Since Rule NMS was instituted, and the NYSE does not have a complete "Do Not Ship" (DNS) order type in place, you may very well have had your orders shipped to ARCA or another ECN for possible better pricing. I suggest you print out your sheets, and go over them with your Firm, they will explain it all to you.

Don
 
One of us needs a new calculator. Mine says you are paying 10X the amount of your agreement, for example on the purchase and sale of 7,500 shares:

15000/(300+249)=.0366 not .00366
 
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