What clearing rate do you think Bright Trading has .0005 or less per share???

jack5 · Jun 23, 2003

when I say .0005 i mean 5/100's of a penny per share

dafugginman · Jun 23, 2003

edited;

i highly, highly doubt it's that low. my guess is .002 to .003

nitro · Jun 23, 2003

Quote from dafugginman:

i highly, highly doubt it's that low. my guess is .02 to .03

I think you mean .002 or .003.

nitro

fattyasids · Jun 23, 2003

Probably lower

BOSS_HOG · Jun 23, 2003

how long until don bright gets this one deleted???

TM_Direct · Jun 23, 2003

Quote from jack5:

when I say .0005 i mean 5/100's of a penny per share

What do you care?
Are you looking to start a clearing firm?

...and i would venture to guess they pay less then .002...in fact, due to volume I would go so far as to say .75-.85 cents per 1000

but m just guessing.

marketsurfer · Jun 23, 2003

free.

okwon · Jun 23, 2003

Quote from dafugginman:

edited;

i highly, highly doubt it's that low. my guess is .002 to .003

It has to be lower. There are offices of other firms that get cleared for less than .002 and they probably don't even approach 1/10th of the volume as Bright does as a firm.

Bright has other expenses, so it's not like it's all going into their pocket.

Newatthis · Jun 23, 2003

I guess that he clears at $0.0017 per share including the use of that wonderful REDI+ front-end.

trend_guy · Jun 23, 2003

I know firms that charge $1 per 1000 shares and do less volume then bright, so I would assume that he is paying less.