>>Cyberbroker's commissions are slightly cheaper because there is no limit to the amount of shares per ticket.
Scanshift:
I don't know how you can say that. Cyber-Brokerage has these add-on fees per their web-site
cyber-brokerage.com
Type of Execution Per Ticket Fee Per Share Fee
SOES $0.50 N/A
SelectNet Direct (Preference) $1.00 N/A
SelectNet Broadcast $2.50 N/A
Island Direct (DATA) Add Liquidity N/A -$0.001
Island Direct (DATR) Remove Liquidity N/A $0.0025
Attain Direct (ATTN) $1.00 N/A
Instinet Direct (INCA) N/A 0.0125
ECN (ATTN, INCA) N/A 0.015
ECN (BTRD) N/A 0.005
ECN (ISLD, REDI) N/A 0.025
Terra Nova (TNTO) N/A 0.005
NYSE N/A $.005
Maybe I am interpreting this wrong, but it seems to me this would add on signicant cost.
MB (per their web-site) adds on only in the case of INCA: 1.25c per share for Nasdaq, up to 10,000 shares, and 1.0c per share for NYSE above 2000 shares. Other ECN's, for example REDI and ATTN, aren't mentioned, and I would expect there would also be a charge there, but I believe there is considerable room for argument with your statement.
wily |
