TradeStation Securities announces new commissions

Tradestation sounds real expensive to me - the 20% more for stocks and 60% more for futures - and i know when i called them - that they sounded like a software seller playing at being a broker
 
Originally posted by InTheZone
Check out http://www.tradestation.com/brokerageservices/default.shtm

Non-equity securities of course are a different story since there's no SIPC insurance. The same page says "Custody of your futures funds are held by Refco, LLC, a diversified financial services organization"

So I'd be more worried if Refco goes under, rather than TradeStation.

-- ITZ
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Good detective work InTheZone and thanks for setting me straight.
 
Originally posted by axehawk
Since when did offering 1.2 cents per share to IB's 1 cent per share mean serious competition? That 0.2 cent differential would be a huge difference in profitablility. Surely you would know, as that you are an "activetraderfor".

Obviously Tradestation has lowered themselves to this guerrilla marketing.
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Actually for the value that TradeStation6 offers in the way of professional charting / backtesting software and datafeed the commission schedule isn't that prohibitive IMO.

Just for the record if they charge $100 for the charting & quotes (and if that is what they are really worth) the breakeven point at which you would marginally lose for trading more volume would be doing over 50K shares of stock or over 33 EMinis monthly when you compare the rates directly to IB.
 
Good deal - but they are desperate for market share and quickly. If they have to clear through BS and Refco - that's a cost...plus they will have to cover ECN costs and execution costs....and ECNs are only cheap if you have the volume in the first place.
They are going to need many customers to give up real-tick and commit to $100 pm.
I guess the trickis to keep a close eye on their quarterly results....I wonder if they let you borrow there own stock for a short!!
 
The only backtesting I would ever be concerned with is intraday , tick by tick backtesting. And as far as I know, this currently does not exist.
 
I'm going to check these guys out as a serious replacement for Cybertrader. Bet others will do the same.

Ticket charges are for dweebs.

PS I Use IB for all my trades. Cyber only for quotes
 
Well I think we could see ticket charges disappear within 3 years at major brokerages, I recently came across an ad for a Realtick broker also charging a cent or so per share with a $5 min. , I think it's TN, not sure.
 
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