You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
Is this a good rate/payout schedule?
- Thread starter PTG110
- Start date
I trade around 8-10M a month, but I'm wondering about the "gross req" situation, does that mean Net PNL monthly or just "gross profit without ecn's and fees" ?
Gross amount before any costs.
I personally average about 3-6 million shares per month, with a gross of 8 - 15k. I would obviously fall into the 90/10 deal. That being said I would be saving myself about $10,000 - $15,000 a month just in commission costs. This seems like a great deal am i wrong?
Payout: 50/50
Rate: .20 cents per 1000 shares
Minimum volume req: 500,000
Minimum gross req: $2,600
(min vol and gross combined)
Payout: 75/25
.20 cents per 1000 shares
Minimum volume req: 2 million
Minimum gross req: $5,200
(min vol and gross combined)
Payout: 90/10
Rate .20 cents per 1000 shares
Minimum volume req: 3 million
Minimum gross req: $11,000
(min vol and gross combined)
Payout: 99/1
Rate: 1.00 per 1000 shares
Minimum volume req: 5 million
Minimum gross req: $26,000
(min vol and gross combined)
I personally average about 3-6 million shares per month, with a gross of 8 - 15k. I would obviously fall into the 90/10 deal. That being said I would be saving myself about $10,000 - $15,000 a month just in commission costs. This seems like a great deal am i wrong?
Payout: 50/50
Rate: .20 cents per 1000 shares
Minimum volume req: 500,000
Minimum gross req: $2,600
(min vol and gross combined)
Payout: 75/25
.20 cents per 1000 shares
Minimum volume req: 2 million
Minimum gross req: $5,200
(min vol and gross combined)
Payout: 90/10
Rate .20 cents per 1000 shares
Minimum volume req: 3 million
Minimum gross req: $11,000
(min vol and gross combined)
Payout: 99/1
Rate: 1.00 per 1000 shares
Minimum volume req: 5 million
Minimum gross req: $26,000
(min vol and gross combined)
But wait if you do 5 million shares but only make $8k then you didn't meet the $11k minimum so you would only get the 75% payout not the 90%?
Payout: 50/50
Rate: .20 cents per 1000 shares
Minimum volume req: 500,000
Minimum gross req: $2,600
(min vol and gross combined)
Does this mean if you only do 400k shares but make $100k you only get a 50% payout?
Payout: 50/50
Rate: .20 cents per 1000 shares
Minimum volume req: 500,000
Minimum gross req: $2,600
(min vol and gross combined)
Does this mean if you only do 400k shares but make $100k you only get a 50% payout?
Quote from tomu:
Does this mean if you only do 400k shares but make $100k you only get a 50% payout?
If that was the case, on the last day of the month you flip 4.6 million shares of SIRI or CHTR. You would lose a few thousand in slippage and commissions, but you would make 49% more on your $100k P&L.
Quote from Clubber Lang:
If that was the case, on the last day of the month you flip 4.6 million shares of SIRI or CHTR. You would lose a few thousand in slippage and commissions, but you would make 49% more on your $100k P&L.
Exactly. And that makes the structure seem pretty weird to me.
quantinator
Guest
I does not make much sense to me. You might as well get a good ticket deal or a .003 100 % po no platform deal.
Sounds like WTS Prop Trading.