Quote from Diamond Geezer:
Landis 82
Your were an ex-floor broker and you tade through TD Ameritrade?
Do you pay their $9.99 equity commissions?
I'm asking because no serious trader does this its not feasible.
Not trying to be a jerk and if you don't trade equities or do but don't pay those commissions then please explain what you trade and your commissions. Thx
Yes, I am an ex-floor trader/broker.
I first started out trading stock-index futures for Victor Sperandeo on the NYFE, which later became part of the NYBOT over in #4 World Trade Center. I was also employed by Paul Tudor Jones in 1986 as a COMEX trader just as PTJ was getting off the ground, but went on my own in 1987 as a "local" on the NYBOT.
In answer to your question . . .
No, I do not pay their standard $9.99 equity rates.
You can negotiate lower ( as I have ) based on your volume.
Moreover, if you trade size it works out even better than a per share shop.
Just do the math.
Trust me, I wouldn't waste my time being such a "cheerleader" for the AMTD/Quotetracker platform on Elitetrader ( where hardly anyone seems to trade for a living ) unless it actually provided VALUE and was able to keep up with today's demanding quote thresholds. After last month's server upgrades, I can honestly recommend the data-feed and trading platform for aggressive equity trading.
Just take a look at some of the reviews of Quotetracker ( and Jerry Medved ) here on ET. It is a total "eye-opener" for sure. I feel sorry for anyone using Realtick and spending >$350 per month on their equity feed/charts.
http://www.quotetracker.com/
I would also reiterate the "point" made in the previous post by "Inandlong".
There is absolutely no economic reason for AMTD to screw things up for ToS customers. It wouldn't make any sense to do so. But leave it to a few "pea-brains" here on ET that are unable to comprehend such a significant point, and would rather speculate with words that implore hypotheticals, rumors, maybe's, etc.
Good Luck to All.