IB Raises Commission Cap?

[IBj]

Quote from walterjennings:

I trade a small amount of currency futures every month. maybe 5-20 a day. I am a bit wary about switching over to unbundled pricing but heard in almost all instances it will provide lower costs. Should I remain using bundled until I start consistently trading well over 300 contracts a month?

If you hold positions, you need to consider the carrying charge. If you short term trade, unbundled is often cheaper, but you should look at the details contract by contract. It was originally designed for traders doing large volumes in a few contracts where they are willing to work out the effective costs including exchnage and reg fees.

 

[Trader_Herry]

Quote from TradingBillions:

What does this mean, guys?

CHANGE IN COMMISSION CAP

Effective Monday, 12 March 2007, IB will be raising the commission cap for U.S. and Canadian stocks from 20 basis points (.2%) to 50 basis points (.5%). This change will impact very cheap stocks (e.g. those trading at less than 1 USD or 2 CAD) and is necessary to better align the fee structure with the costs and risks associated with low priced securities.

Too bad that they changed the commission scheme (raised money).

Actually where can I receive news regarding recent changes of their fee/commission plans?

PS: I couldn't see they mention this on News at IB. So cunning!!
http://www.interactivebrokers.com/en/general/about/newsIB.php?ib_entity=llc