Instinet fees

[DATTrader]

Originally posted by Vinny1
I just checked INCA's website and supposedly it looks as though INCA is now proactive...http://www.instinet.com/productnews/ami_updates.shtml

I think this functionality is available via direct INCA terminals only. I don't think a b/d with a direct connection to INCA could necessarily enter these types of orders. Nonetheless it is pretty interesting that they have developed these proactive features.

 

[mjt]

Echo's website now shows INCA chgs of .3c/share

 

[MACD_addy]

Thanks Vinny1,
Seems as though you are right about the pro-activity. I have used INCA more times then I have cared to in the past while scalping ( usually try to avoid it if I can). Have always accessed INCA through a direct connection vs. through select-net but have never had orders go pro-active, not that I was aware of anyways.

I think in order to realize this function through INCA you must be trading using an Instinet terminal, (which I do not have) like DATTrader said.

Thanks for the heads up though, interesting info. that probably would have slipped by me otherwise.

 

[Vinny1]

Originally posted by mjt
Echo's website now shows INCA chgs of .3c/share

I'm still showing the old charges.Where do you see the new charges?

 

[mjt]

http://www.echotradeonline.com/fee_schedule/ecnrates.htm

 

[hans130]

What is a proactive order?