TradeStation Securities Lowers Thresholds By Over 90%.

easyrider · Aug 4, 2005

Supply and demand in action.

MichaelD · Aug 4, 2005

Quote from tango29:

Hello Michael,
Has Tradestation given any thought to lower commision rates for high volume stock and/or future traders? If so is it a possiblity, or not going to happen?

Tango29,

Please contact TradeStationâs Active Trader Sales Department at 800-808-9336 to discuss specific circumstances.

MichaelD · Aug 4, 2005

Quote from GTC:

Hi MichaelD,

Depending on when I called Tradestation Securities, I got the following different information. Could you tell us which one of them is the Tradestation Securities' current offer:

A) If anyone opens an account, the platform fees will not be waived for the first month. It will be rather prorated for the remainder of August 2005. However, the new account owners will get first 10000 shares commission free. They will also get the September 2005's (and onwards) platform fees waived if they make certain number of trades in the previous month (i.e., August 2005)---including the first 10000 commission free shares trades.

B) If anyone opens an account in August, the platform fees will be waived for the first month (i.e., the remainder of August 2005). In addition, the new account owner will still get first 10000 shares commission free. They will also get the September 2005's (and onwards) platform fees waived if they make certain number of trades in the previous month (i.e., August 2005)---including the first 10000 commission free shares trades.

GTC,

If you open an account before 8/31/2005 we will waive the base platform fee for the first 30 days, no matter how much you trade. Then, beginning September 1, 2005, we'll waive the Base Platform fee and the RadarScreen fee (if applicable) whenever you meet one of the new thresholds.

For example, a new customer who funds an account on 8/15/2005 and does not place a trade in August will not be charged a platform fee through 9/15/05. This customer would then be charged a prorated fee for the rest of September. A client who met any of the thresholds in August would not be charged this fee.

There are no commission rebate offers at this time.

electron · Aug 4, 2005

Quote from MichaelD:

GTC,

If you open an account before 8/31/2005 we will waive the base platform fee for the first 30 days, no matter how much you trade. Then, beginning September 1, 2005, we'll waive the Base Platform fee and the RadarScreen fee (if applicable) whenever you meet one of the new thresholds.

For example, a new customer who funds an account on 8/15/2005 and does not place a trade in August will not be charged a platform fee through 9/15/05. This customer would then be charged a prorated fee for the rest of September. A client who met any of the thresholds in August would not be charged this fee.

There are no commission rebate offers at this time.

OK, now that we got this part, how about my question: do you have a platform that allows for OCA orders in manual trading?

Can your Matrix (or whatever you call it) do this?

Thanks...

rtstrading · Aug 4, 2005

This will tell you what is available/new in TS:

https://www.tradestation.com/support/whats_new/tradestation_0810.aspx

electron · Aug 4, 2005

Quote from rtstrading:

This will tell you what is available/new in TS:

https://www.tradestation.com/support/whats_new/tradestation_0810.aspx

I saw this. I am still not sure though if this is what you can do by programming TS or if you can do this manually from a DOM-like platform.

traderjmb · Aug 4, 2005

Personally I would like to see their order/entry be as versital as some of the other front-end platforms like STRATEGY RUNNER or NINJA-TRADER..... Then I think they will really have something!!

My other pet peav with TS Securities... is that @ 4pm est the futures go to full margin.... not 4:15 like a lot of other places!! That IRKS me!! :mad:

Don't use the back testing stuff... Don't use the EasyLanguage stuff.... as far as I'm concerned.... IT JUST CHARTS MY PRICES!!

My 2 cents!!

Nana Trader · Aug 4, 2005

Quote from traderjmb:

Personally I would like to see their order/entry be as versital as some of the other front-end platforms like STRATEGY RUNNER or NINJA-TRADER..... Then I think they will really have something!!

In your opinion

Don't use the back testing stuff... Don't use the EasyLanguage stuff.... as far as I'm concerned.... IT JUST CHARTS MY PRICES!!

Your problems

MichaelD · Aug 5, 2005

Quote from electron:

OK, now that we got this part, how about my question: do you have a platform that allows for OCA orders in manual trading?

Can your Matrix (or whatever you call it) do this?

Thanks...

TradeStation 8.1 Service Pack 1 will include Order Cancels Orders (OCO), Order Sends Orders (OSO) and Bracket Orders. We expect to release TradeStation 8.1 SP1 in September.

Yes, you'll be able to place these types of orders using the Matrix.

electron · Aug 5, 2005

Quote from MichaelD:

TradeStation 8.1 Service Pack 1 will include Order Cancels Orders (OCO), Order Sends Orders (OSO) and Bracket Orders. We expect to release TradeStation 8.1 SP1 in September.

Yes, you'll be able to place these types of orders using the Matrix.

Great, thanks...