Is Gessler, head of the SEC, trying to end zero commissions?

[Nobert]

Yours statement is not true. It does not happen to me. markets move fast. I have had many fills below my price because of latency with my broker. It is a scam by old line brokers to go to the SEC to regain their lost competiveness. You and Jsop have fallen industry propaganda , hook and sinker, including indirectly by one of ET sponsor, who answers prolifically on ET.

I don't know what kind of, propaganda, you're speaking about, while about eToro i wrote from personal experience, yet, be it your way.

 

[2rosy]

The ones which have ticket charges.

so this thread is just your opinion. misinformation is everywhere

 

[zdreg]

I don't know what kind of, propaganda, you're speaking about, while about eToro i wrote from personal experience, yet, be it your way.

I won't deny the possibility that that you didn't get your fill but in a fast moving market as in dwac etc it might happen. If you don't have colocate things happen.There is however no reason to extrapolate. The same thing could have happen without order flow. If you have that concern, which I doubt you have, route your oder to arca etc.

 

[zdreg]

so this thread is just your opinion. misinformation is everywhere

nonsense. point to my misinformation instead posting your opinion as to my previously stated numbers. you are the one providing opinion but no facts.

Here is my previously post which you conveniently disregarded:Assume 100 tickets per days at $2/ticket on 100k Account. That would be an additional 50k per year with a ticket charge or 50% charge to capital. There is no way that I believe I am going to save that 50k without order flow. I trade stocks with.01to .03 spreads.

 

[Nobert]

I won't deny the possibility that that you didn't get your fill but in a fast moving market as in dwac etc it might happen. If you don't have colocate things happen.There is however no reason to extrapolate. The same thing could have happen without order flow. If you have that concern, which I doubt you have, route your oder to arca etc.

Now i am using another broker, i do pay commissions, but fills are alright.

 

[zdreg]

Now i am using another broker, i do pay commissions, but fills are alright.

I don't why or how often you had issues with your pfof broker. However you should have entered a customer dispute issue with your broker. There is an audit trail. This is an extremely comparative business with sub penny executions.

By the way a 5% move in a penny stock is nothing usual and you may have been getting whipped sawed.

 

[Nobert]

I don't why or how often you had issues with your pfof broker. However you should have entered a customer dispute issue with your broker. There is an audit trail. This is an extremely comparative business with sub penny executions.

By the way a 5% move in a penny stock is nothing usual and you may have been getting whipped sawed.

It wasn't a penny one. Anyways, nevermind zdreg.

Have a good weekend.

 

[MrMuppet]

oh god...I don't know what's worse: a wholesaler who fleeces clients by getting a look at their orders for a small fee without the obligation to execute or a guy who defends this practise because he's gotten a couple of good fills by accident

 

[zdreg]

oh god...I don't know what's worse: a wholesaler who fleeces clients by getting a look at their orders for a small fee without the obligation to execute or a guy who defends this practise because he's gotten a couple of good fills by accident

I didn't defend the practice because of a good fill by accident. Furthermore where do you come to the conclusion that orders that cross are not being executed. It is automatically executed and often between the bid and ask if matched off.

FYI these wholesalers execute to 4 decimal places as opposed to MM or exchanges who deal in penny for 2 decimal increments.. The retail traders benefits.

FYI mm or exchanges are good for only 100 shares therefore you have no reason to beef.

In addition Robin Hood feeling blowback from traditional wall street and its influence at the SEC said it was willing to accept the elimination of subpenny execution (4 decimal place execution) in a compromise to maintain payment for order flow. Guess who would benefit? The traditionall MMs who deal in .01 increments.

 

[murray t turtle]

Isn't that zero commission just a myth ?

RobingTheHood sells data, eToro grabs it's chunk through spread(when you won't get filled 5% above the market with limit order, even the vol is in millions)

%%
OK, LOL;
depends