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Non-Tech : MB TRADING
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To: Len who wrote (2162)11/22/1998 4:26:00 PM
From: Dan Swartzendruber  Read Replies (1) of 7382
 
Well, but excluding the exchange fees doesn't give a totally fair picture. Ex: for JPR, the Island per-ticket charge increases the cost of a trade by 10% ($10 + $1). SOES is $0.50 whereas Selectnet is $2.50. I fudged the estimate by assuming the middle (Island).
At exactly 20, I get a MBT cost of $440, wherease JPR is $460. Still, I don't think it really matters either way. I meant "break even" only in the rough sense. As you confirmed, at the higher trade numbers, JPR wins bigtime.
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