Is IB the cheapest broker for larger investors trading frequently?

We receive rebates for routing to exchanges, we scrape the inverted pricing exchanges and dark pools as well. We participate in the margin debit and credit interest, as well as the fees for facilitating shorts of HTB stocks.
 
tonyf said:
What's your view of all those burgeoning platforms offering $0 commission?
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I'm not going to comment on another sponsor or another business model. I have faith that our target market is well served with choice of third-party software, a large number of routes, choice of per trade or per share pricing, a well-trained support desk and me as their rep with 38 years in the business.

bob
 
But then again, this post is about fees per share only. The rest is for the birds really.
You will have to adapt or the 0 com crowed will eat your lunch.

I wonder how long it will take IB to wake up to this new reality.
 
Tradezero_Randy said:
Tony ,
Yes we offer both options Opening and MOC, as well as pre and after hours trading 7Am -8Pm
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Thank you for your answer, which surprises me. How do you make money on opening and closing auction orders? Surely, you can't sell those orders to HFTs.
 
tonyf said:
But then again, this post is about fees per share only.
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Well the post title was “Is IB the cheapest broker for larger investors trading frequently?” That is why I responded with our per trade rate which is less expensive if you add liquidity and send orders over a certain level. We can also match or do better for the most active clients with a lower per share min. We also do not restrict api orders to smart routes to get one fee and offer another rate for directed equity orders. This is all way to complex for simple responses.
 
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