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Strategies & Market Trends : DAYTRADING Fundamentals
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To: Bilow who wrote (2542)8/8/1999 3:08:00 PM
From: OZ  Read Replies (2) of 18137
 
When looking at this comparison, one has to realize
that the fees that I am showing for Cornerstone are the
fees for the HOUSTON market which is one of the most competitive.
Cost could be higher in your respective areas. It does show that
a flat fee is not necessarily cheaper though. The differences do
begin to diminish if one is buying 4000 and 5000 share lost.
Then the flat fee becomes more attractive.

Cost for MB Trading which has no pass thru
Fees and just a fixed price.

TRADES PRICE COST FOR 1000
1 - 19 $22.95 $22.95
20 - 49 $21.95 $21.95
50 - 99 $19.95 $19.95
100-199 $17.95 $17.95
200-399 $16.95 $16.95
400 + $14.95 $14.95

++++++++++++++++++++++++++++++++++++++++++++++
CORNERSTONE
Cost for CORNERSTONE which HAS pass thru
Fees using Island as an example.

TRADES PRICE PRICE PLUS FEES
1-10 18.00 20.50
11-25 16.00 19.50
41-60 12.00 14.50
61-80 10.00 12.50
81-200 9.00 11.50
201-300 8.50 11.00
300+ 8.00 10.50

+++++++++++++++++++++++++++++++++++++++++++++++

COMPARATIVE COST OF BOTH FOR 1000 shares at
the top tier using ISLAND ecn

TRADES MB CORNERSTONE
19 $ 436. $351.
49 $1075. $710.
99 $1975. $1138.
199 $3572. $2288.
399 $6763. $4189.
400 $5980 $4200.






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