IB's new US equity commission

[HLB]

http://www.prnewswire.co.uk/cgi/news/release?id=156704

 

[max401]

Quote from Apex Capital:

Don't look now, but IB just became the highest bidder for REFCO.
What will you do now, my friend???



http://www.bloomberg.com/apps/news?pid=10000103&sid=a48kHG1uiHkw&refer=us

Some major players are in the bidding war, Merrill among them, so it can't be that bad.

 

[GTC]

It will be interesting to see what other brokers do in terms of slashing US equity commission. Historically speaking, there is a chain reaction of slashing commission waiting to happen among the competitive brokers.

 

[max401]

Quote from GTC:

It will be interesting to see what other brokers do in terms of slashing US equity commission. Historically speaking, there is a chain reaction of slashing commission waiting to happen among the competitive brokers.

... and gasoline stations, among others.

 

[BSAM]

Quote from GTC:

It will be interesting to see what other brokers do in terms of slashing US equity commission. Historically speaking, there is a chain reaction of slashing commission waiting to happen among the competitive brokers.

Yeah.....Maybe IB will go to .0025 per share. But, I doubt it!! ;-)

 

[LordMelbury]

Thank you ib,this will save me 80 to a 100 a day,i know their are brokers that match or slightly better your rates which occasionally i look at,but your platform and execution are superb.....you have made my day!!

 

[mktman]

There platform is superb?

You must be joking.
Its so antiquated.

 

[Toonces]

Does anyone know if there's still a maximum of .2% of the trade value?

 

[LordMelbury]

I have been with about 4 different brokers over the last 3 or 4 years and nothing compares to ib`s platform in terms of being rock solid and reliable...if fact i`m so pleased i think i will do a little irish jig.

tata

 

[mktman]

Left IB few years ago because it was soo unstable. Not reliable.

Good luck.