Originally posted by F1Trader
I am only here to lend educational advice. If you just crossed the street you could find so much more.
Yeah, all the great teachers I know depend on insults, arrogance, condescension, and pointless reticence in order to get their messages across.
I take it from your posts elsewhere on ET that when you call the TS commission structure "terrible," you're comparing it to scalper's rates in a prop. firm context. TS is most decidedly not a scalping platform - it doesn't even include hot keys yet or even more than the most primitive point-and-click capacity. Those will be in the next big upgrade, supposedly, though I can't figure out why they've gone to per-share pricing before adding these features - as if a major upgrade would be needed just to include these
basic software capacities - but that's another issue.
For the kind of traders toward whom I believe TS has been oriented - unlicensed, merely "active" traders mostly trading from home offices - there may not be anyone other than IB who can beat the new schedule, and, personally, I find TS's platform, datafeed, and customer services to be good value for the extra ca. .002/share. Even Pointdirex is currently more expensive (after pass-through and ECN fees) unless you're doing well more than 25k shares a day, and, in many instances, even then.
If I were doing more than 25k shares a day in a scalping mode, I'd be very unlikely to be using TS6, but if I wanted to use TS6 and I was trading in large size and/or at a very high frequency, I'd also look into whatever further discounts or considerations I might negotiate. There are probably several other EDAT brokers you could work deals with also.
If you know of some alternatives already out there that are better and
relevant, why don't you reveal them instead of wasting our time with your self-important and completely uninformative posts?