|POLL| NYSE or the SSF

[saschabr]

Hello,

i was just interested, so I kindly ask you to vote in the above
poll: Given that there will be at least *some* liquidity in SSFs,
will you continue to trade NYSE or will you utilize the SSF,
which has of couse some adantages (down tick, margin).

Regards

 

[Tech Analysis]

Liquidity should be good, as many of the under-25k crowd will provide it.

 

[viewpoint]

I might be wrong (I'm an under-25k) but SSF contracts will charge about min $5/contract. So for 1000 shares equivalent, that's $50 for the contracts alone and then the roundtrip commission. (A day trade will be about $150 RT)

No, I will trade stocks for about $20 RT comm.

 

[daniel_m]

Originally posted by viewpoint
I might be wrong

you are wrong. IB --> $1/contract

 

[Tech Analysis]

That makes it the same cost as trading 100 shares of the underlying security, commission-wise.

Gotta love IB.

 

[viewpoint]

Yes, $1/contract on IB;

Well, I guess I'll be adding liquidity; SSF will be the solution to my problem-pattern daytrading rule for under 25k traders.

Q: how does IB offer such low commission compared to other brokers? I might sign up with them

 

[Tech Analysis]

stocks: 1c/share up to 500 shares; 1/2c /share thereafter
e-futures: 2.40/contract

 

[Magna]

Originally posted by viewpoint

Q: how does IB offer such low commission compared to other brokers? I might sign up with them

That's like asking why the market goes up or down. Frankly, it doesn't matter, just follow along and make the most of it.