TradeMonster

Quote from hefir:

"If you're looking for low commissions, fast execution and superior customer service give us a call."

How do I find you?
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hopefully i'm not picking up on your sarcasm b/c it's over the interwebs. if you really want to open an account w/ us please contact our head of corporate development, T. Rex.
 
Jeb9999,

Thank you very much for explaining the obvious, which now is obvious for me, too. Yes, the IB's rule 606 report looks the greatest by far.

Thanks again
 
Quote from FrankSlaughtery:

hopefully i'm not picking up on your sarcasm b/c it's over the interwebs. if you really want to open an account w/ us please contact our head of corporate development, T. Rex.
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There was no sarcasm at all. I just could not find your web site. If you give me the link, I'd appreciate it.
 
Quote from hefir:

There was no sarcasm at all. I just could not find your web site. If you give me the link, I'd appreciate it.
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He was joking god... There is no trade stegosaurus. But the name of the broker has 0 impact for me and you would be a fool to choose based on that. Like I said prior I like trademonster but they are not perfect and execution has suffered, knowing this, if what you trade is liquid you can get by...
 
Quote from spd:

How did TradeMonster's platform fair during the high volatility last week?
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Honestly I didn't see much difference... Of course I don't day trade so I don't look at every tick. Maybe there were a few 2-3 second freezes everyday
 
Since I'm shopping for a broker, the disclosure on da boys from Chicago is much appreciated Jeb. Legalized skimming!

Since Flintstone Trading isn't up and running, anybody got a recommendation for a good direct access outfit for a guy heavily skewed toward options?
 
Quote from jeb9999:

The SEC Rule 606 order routing report states the obvious. If you want me to explain the obvious, then I will explain the obvious.

tradeMONSTER SEC 606 Report 2Q2011

NYSE

69% of oder flow is sold
31% sent to a single ECN

NASDAQ

66% of oder flow is sold
34% sent to a single ECN

AMEX/Regional

62% of oder flow is sold
38% sent to a single ECN

Not a single stock order sent directly to to the listing exchange.

Options

100% of order flow is sold

Not a single option order sent directly to an exchange.

tradeMONSTER is doing what is best for them, not what is best for you.

Now go read the Interactive Brokers SEC Rule 606 order routing report and see the difference.
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What outfit is buying Trademonster's order flow?

It would be hilarious if it was GETCO or another HFT outfit considering Najarian always bashing HFT on air.
 
It really is an eyeopener: 100% SOLD; not 1 order to an exchange!

Got me wondering about TDAmeritrade's small print about routing to verifiably "reliable" entities. Does reliable mean prompt kickback?
 
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