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My problem is if I'm trying to buy there posted offer or sell there posted bid and they fade me why should I have to pay a cancelation fee.
 
You could leave the order open without cancelling, and not get charged.

Anyhow, if you get the order filled at another price, that should refund the cancelled order charge. And if you have to, break your next order up so you get more executions to balance the cancellations.
 
I do trade options. That's all I trade.

I'm not happy about these new fees, but I'm trying to see how they can be worked around. They keep throwing new limitations and expenses at us, and we have to keep adapting the best we can.
 
Quote from xpstrader:

My problem is if I'm trying to buy there posted offer or sell there posted bid and they fade me why should I have to pay a cancelation fee.
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Isn't that an interesting concept ...
 
Quote from hii a_ooiioo_a:

You could leave the order open without cancelling, and not get charged.

Anyhow, if you get the order filled at another price, that should refund the cancelled order charge. And if you have to, break your next order up so you get more executions to balance the cancellations.
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Good idea, however you will violate a few rules; i.e. 15 second, unbundling, etc..
 
Quote from hii a_ooiioo_a:

They're not going to charge a cancellation fee for an unexecuted day order.

I wouldn't violate the 15 second rule if I waited more than 15 seconds
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I think it is still called unbundling, but it is a good idea.
 
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