Tradestation Lowers Commissions!

[chessman]

Interesting that their stock is down 18% today.

I am a long time customer of TS, I believe the combination of backtesting software, automation feature and low commission combo is the best in the business.

Comparing IB and TS is comparing apples to oranges. However I do believe TS is now aggressively going after IB customers. They are offering new customers 50 contracts or 10,000 share rebate. The good thing is, us the 'joe customer' wins in this price war...

 

[MichaelD]

The SEC charges a fee of 1/213.67 of 1% of the total dollar amount of securities sold.

The NFA charges a fee of $.04 per round turn on a e-mini contract.

 

[Cdntrader]

Quote from ddog:

NFA fee is 2 cents per side for TS. What is IB's NFA fee?

zero

 

[Ebo]

You have an issue over .02?
That's $4 on 100 Round Trips.
WOW!

 

[spieler]

What about TS short list?.
It is for me more important than the fees because i use to play volatil biotech share and some brokers cannot borrough them

 

[Bob111]

Quote from spieler:

What about TS short list?.
It is for me more important than the fees because i use to play volatil biotech share and some brokers cannot borrough them

i'm interested it this too. let me know, if you find any)))))

Thank you!

 

[hypostomus]

...OT, could you please share any observations you'd care to on the quality of automated execution at TS? I am stubbornly hanging on to E-Signal until they get around to automating to IB, but I won't wait forever. TIA. - Mike

 

[WinSum]

Do you have any stocks in mind ? I can find out if they are shortable at TS.

Quote from spieler:

What about TS short list?.
It is for me more important than the fees because i use to play volatil biotech share and some brokers cannot borrough them

 

[Bob111]

Quote from WinSum:

Do you have any stocks in mind ? I can find out if they are shortable at TS.

i want to compare IB short list with TS.
IB list on their website.

Thank you!

 

[Funster]

Quote from hypostomus:

...OT, could you please share any observations you'd care to on the quality of automated execution at TS? I am stubbornly hanging on to E-Signal until they get around to automating to IB, but I won't wait forever. TIA. - Mike

Most of the time OK. But sometimes strategy orders (on the eminis) somehow do not get sent to market.

I have sent all this info to them when it has happened but not received a satisfactory answer as yet.

So it is fine if you are around (audible warnings can tell you if it should be trading, so you can rush to watch), but not 100% reliable if you are truly an absentee trader.