Cents and Sensibility - Kimberly and Friends' Consortium Message Board

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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium

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To: Kimberly Lee who wrote (1402)	4/11/1999 12:10:00 PM
From: SteelerStu	Read Replies (1) of 108040

MORE - fee schedule By: Dont6g0l2 Reply To #215 by Steeler Sunday, 11 Apr 1999 at 11:57 AM EDT Post # of 217 This is the fee schedule I was sent in correspondence with Sagamore sometime ago. These figures may have changed a bit since then. Remember this site will access the market directly. Most level II is really just glorifed fast e-mail to a MM. With this you can access the market directly. Also remember they are already on line and have customers trading. Right now you access their site with a private IP they give you using their software that they download to you. You need a very fast system to use this effectively as they transmit a lot of data. Ideally you should have enough computing power to watch 6 windows at the same time. This allows you to track many things simultaneously and thus guage the action effectively. They say that in some cases you will want the IP instead of using your browser as it is faster and you aren't at the mercy of your browser speed. As you can see, the cost of their service, while not cheap is insignificant to the potential gains a sophisticated system can provide. Serious traders will make big gains with this system Fee Schedule Commission Rates NASDAQ: $13.99 Per Trade NYSE: $8.99 Per Trade Additional ECN Fees SelectNet: $2.80 Per Trade SOES: $0.50 Per Trade ISLAND: $1.00 Per Trade Instinet (INCA): $0.015 Per Share Bloomberg Tradebook (BTRD): $0.015 Per Share Attain (ATTN): $0.015 Per Share Terra Nova (TNTO): $0.015 Per Share Spear Leeds (REDI): $0.015 Per Share Brass System (BRUT): $4.00 Per Trade Next Trade (NTRD): $0.015 Per Trade STRK: $0.0066 Per Share NYSE Daytrading Above Commission Rate plus: Market Orders: $0.01 Per Share Limit Orders: $0.0175 Per Share Use of Software / Quote Feed $185.00 Per Month Exchange Fees NASDAQ Level I: $20.00 Per Month NASDAQ Level II: $50.00 Per Month New York Stock Exchange: $30.00 Per Month American Stock Exchange: $35.00 Per Month Options Price Reporting: $20.00 Per Month Chicago Board of Trade (Bond Futures): $15.00 Per Month Chicago Mercantile (S&P Futures): $15.00 Per Month (Exchange fees and the use of software will be credited to those traders who make 150+ trades per month) Optional Services

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