IBs unbundled rates

[Sky123987]

The follow are IB's fee for unbundled rates

<=300,000 Shares $ 0.0035
300,001-3,000,000 Shares $ 0.002
3,000,001-20,000,000 Shares $ 0.0015
>20,000,000 Shares $ 0.001


Hidden Fees:
1) 0.00020 (clearning fee)
2) $0.0000153 (Transaction fees)
3) 0.00094 (NYSE and NASQ pass through fees)

you'll notice on the site it says that Transaction Fees are only charged on Sell orders. If you look on the site is "transaction fees considered both "Hidden Fees 2 and 3"or only 2?

http://individuals.interactivebrokers.com/en/accounts/fees/commission.php?ib_entity=llc

If both 2 and 3 are only charged on the sell then IBs / share fees are... +/- ECNS
<=300,000 Shares $ 0.00417
300,001-3,000,000 Shares $ 0.00267
3,000,001-20,000,000 Shares $ 0.00217
>20,000,000 Shares $ 0.00167

if that's the case... then if half the time take liq / half the time provide liq... then you really should consider unbundled rates

 

[MajorUrsa]

Quote from Sky123987:

if that's the case... then if half the time take liq / half the time provide liq... then you really should consider unbundled rates

Summary please. What's the question?

 

[GTC]

Quote from Sky123987:
... if that's the case... then if half the time take liq / half the time provide liq... then you really should consider unbundled rates

It still depends on further variables e.g., whether you let SMART to re-route the order to other venues with different fees structures, whether you want the tool to keep execution priority after several minutes or whether you let the tool to re-submit the order to avoid specific fees, etc.

 

[Sky123987]

Quote from MajorUrsa:

Summary please. What's the question?

am I right in assuming that items 2 and 3 will be charged only on sell orders?