TradeStation Securities announces new commissions

Trading between 5000 and 10000 shares each round trip TS6 commissions are too expensive for me.
I prefer per ticket charge like 9 or 10$ a ticket + ECN fees ( ISland 1$ no per share charge) and i have 2 direct access broker.
And now that all the former major are down it is easy to trade 2000, 3000...10000 shares.
So why is everybody so enthusiast about per share commissions??
 
If you're trading @9.95 plus ECN fees, and even if you're going the cheap route (ISLD), a 5000 share trade would be:

9.95 + (.005 * 5000) = 34.95

with TS new commissions (.012/share up to 1500, .0075/share thereafter) that would be

(1500 * .012) + (3500 * .0075) = 44.25

BUT if you use more than one trade either to enter or to close the position, the advantage evaporates (due to the extra ticket charge), and quickly turns into its opposite.

If you're trading per share, then you can scale in or out lot by lot, if you choose, without even thinking twice.

If you use a more expensive ECN or other route, then even the initial advantage may disappear, or turn into a disadvantage.

And if you trade in much smaller quantities, then there's really no discussion, of course.

If you're still committed to ticket charges or some other alternative arrangement, and want to use TS, you might very well be able to work something out on an individual/special basis. Like most brokers, they'll try, for obvious reasons, to work out deals with relatively "big" clients.
 
Compare these rates

MASH FREE FREE
HRZG $0.0025 Per Share
ISLD $1.00 Per Ticket
ARCA $0.0075 Per Share
GNET $0.00325 Per Share
SOES $0.50 Per Ticket
SELECTNET (Broadcast) plus mm or ecn cost $1.00 Per Ticket
SELECTNET (preference) plus mm or ecn cost $1.00 Per Ticket
SuperDOT $0.015 Per Share

9.95 Per Trade Market orders

Lets see that same trade would cost 9.95 + $1.00 = 10.95 or add $5 for limit orders.

I think these rates are better. Whats the fuss about.
I am curious to see the comparison. Is this comparable.
 
Myoffices.
That's what i was speaking about.
In fact i pay 8,95$ + the kind of commissions you give.
I opened an account with an other broket et get the same commissions ( negociation).Exchange Per Order
Per Share Charge

SOES < 1999 $0.50 None
SOES > 2000 $.90
None
Selectnet $1.00
None
Island $1.00
None
GNET None
$0.00325
Archipelago None
$0.0075
Herzog Market Orders* None .0025

Herzog Limit Orders* None .0025

NYSE (ISI) None
$0.015
ADP $1.35
None
SAGE $1.35
None
Selectnet (ARCA) $1.00 $0.006
Selectnet (ATTN) $1.00 $0.005
Selectnet (BRUT) $5.00 None
Selectnet (BTRD) $1.00 $0.005
Selectnet (INCA) $1.00 $0.015
Selectnet (NTRD) $1.00 $0.015
Selectnet (REDI) $1.00 $0.0025
Selectnet (STRK) $1.00 $0.0066
SOES $0.50 None
Selectnet $1.00
None
Island $1.00
None
Archipelago None
$0.006
Merill Lynch/Herzog (Listed) Market Orders* None None

Merill Lynch/Herzog (Listed) Limit Orders* None None

NYSE (ISI) None
$0.015
Selectnet (ARCA) $1.00 $0.006
Selectnet (ATTN) $1.00 $0.005
Selectnet (BRUT) $5.00 None
Selectnet (BTRD) $1.00 $0.005
Selectnet (INCA) $1.00 $0.015
Selectnet (NTRD) $1.00 $0.015
Selectnet (REDI) $1.00 $0.0025
Selectnet (STRK) $1.00 $0.0066

None means : no per share charge so ISLAND is 1$ for eample with 1 share but with 5000 shares as well.

Compared to TS6 it is several 1000$ saved a month.
 
SAme price market orders or limit orders.
$8.95 300 + Trades per month
$9.95 250 - 299 Trades per month
$10.95 200 - 249 Trades per month
$11.95 100 -199 Trades per month
$12.95 1 - 99 Trades per month

Limit Orders No Additional Fee
Market Orders No Additional Fee
Stop Orders No Additional Fee

That's it!!
 
I wonder what is the benefit of per trade when the alternatives blow them away. The platform I refer to is 9.95 per trade no matter the amount and it is all computerized. The trading platform is free and I think it is as good as or better than TS and some other platform. At worst case you save money. This is the reality not the hype.

I think we might be on to something here. The only thing that stinks is the $30 per broker assisted charge but who needs to speak to a broker.
 
guess it depends on what style you're trading...

As I stated before, if you scale in or out at all, the advantages of ticket vs. per share commissions disappear. Since TS moved over to the new fees, it's not at all unusual for me to scale out lot by lot on a winning position. If I have a 2000-share position, I might very well make 20 trades to get out - a couple hundred on the initial move in my favor, a couple hundred on first sign of possible reversal, etc. It's much easier to save at least a part of the position "on spec" of an extended move through apparent support or resistance. The difference is especially noticeable when trading relatively illiquid stocks: It's much easier to slip out more or less unnoticed in and around a target or set of targets, rather than having to stake "everything" on one (or even two or three) "all or nothing" decisions.
 
Originally posted by myoffices
I wonder what is the benefit of per trade when the alternatives blow them away. The platform I refer to is 9.95 per trade no matter the amount and it is all computerized. The trading platform is free and I think it is as good as or better than TS and some other platform. At worst case you save money. This is the reality not the hype.

I think we might be on to something here. The only thing that stinks is the $30 per broker assisted charge but who needs to speak to a broker.
More...

Are you talking about the Instaquote or VTS platforms? Certainly the VTS platform is not "as good as or better than" TS6! I would say that instaquote-while solid-also lacks in features as compared to TS6.

You are paid by Benjamin Capital (speed trader affiliate) for recommending them yes?
 
You must log in or register to reply here.
Back
Top