Trader P/L 2005

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TachyonTrader, your picture shows a "pass thru" profit of almost $500. Can you please tell me what that is, and how do you get it?

Thanks,
Math_Wiz
 
Was plodding along at $200 on some impressive ineptness and then punked out on a good short round noonish and the next thing i know, i'm punching out a bottom for maximum loss on the long side when i wanted to be short the whole way? Is this type of retardation common? Needless to say, rough day. -$644
 
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TachyonTrader, your picture shows a "pass thru" profit of almost $500. Can you please tell me what that is, and how do you get it?

Thanks,
Math_Wiz
More...

Hi there MathWiz

The pass throughs are the rebates that are given for providing liquidity to the market. They are given by the various ECNS, isld, brut, arca etc

Basically its $2 per thousand for providing liquidity and $3 to remove liquidity. So if my bid or offer gets lifted for a thousand shares i receive $2. If I lift someones bid or offer for a thousand shares I pay $3.

My rebates are the summation of my lifting and providing liquidity throughout the day. On this particluar day it was almost $500. Obviously this means that I provided more liquidity to the market then I took away.

You can also do a search on elitetrader and find multiple threads on liquidity and rebate trading.

Cheers
TachyonTrader
 
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