SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Ask Michael Burke
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: F. Lynn who wrote (77086)3/7/2000 5:43:00 PM
From: Knighty Tin   of 132070
 
FL, You are kind of between the rock and the hard place. There are really no discount firms that give decent rebates on shorts any more. Aufhauser did before it became cheaparsed Ameritrade.

Merrill and DLJ give the best rebates by far. Aufhauser used to be able to pay it because they cleared through Pershing, a DLJ sub. I have been able to negotiate great commish discounts with both firms, but you have to remember that at one time I was paying out $25 million a year in commissions. If I walked in with my own accounts today, guaranteed I wouldn't be paying the rates I'm paying now.

However, you may find both firms somewhat friendly to an active trader, so I would at least talk to them. I know many people who beat Schwab and Quick & Reilly with Merrill. But you aren't likely to get near a Brown & Co. or Ameritrade commissions.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News