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Non-Tech : CyBerX -- Ignore unavailable to you. Want to Upgrade?

To: TFF who wrote (95)	10/23/1999 2:02:00 PM
From: Dan Clark	Respond to of 212

TFF, I was surprised about the fees for orders over 1000 shares. I hadn't noticed that before. However, in looking at the fee sheet, it says that there is no Isld direct fee. Did I mis-read this? Regards, Dan.

To: TFF who wrote (95)	10/23/1999 3:16:00 PM
From: TFF	Read Replies (1) \| Respond to of 212

Dan that is correct. But if it is not direct there appears to be a 0.025 fee per share. The main question here is why Cybercorp is charging an additional clearing fee (0.0035) over 1000 shares? MB Trading and AB Watley do not seem to charge these fees until you execute an order above 10,000 shares. Type of Execution/ Per Ticket Fee/ Per Share Fee Cancel Fees FREE FREE SOES FREE FREE Island Direct FREE FREE NTRD Direct FREE FREE REDI Direct N/A $0.002 ARCA Direct N/A $0.015 ATTN Direct $1.00 N/A SelectNet Direct (Preference) $1.00 N/A SelectNet Broadcast $2.50 N/A BRUT, INCA * N/A 0.015 ATTN, BTRD, TNTO * N/A 0.005 ISLD, REDI * N/A 0.0025 NYSE N/A $.005

To: TFF who wrote (95)	10/23/1999 4:54:00 PM
From: WryBoy	Read Replies (1) \| Respond to of 212

TFF, I wonder if the .0035 clearing fee is just for the shares above 1000 which makes more sense? In that case, your examples would be: 5,000 sh on ISLD direct will cost 14.95 + (.00354000) = 28.95 10,000 sh on ISLD direct will cost 14.95 + (.00359000) = 46.45 There are no ISLD direct exchange fees. Maybe Cyber can clarify? BTW, if you're trading that kind of size, commissions must be little more than white noise to you. Also, surely you could negotiate fees directly with them as a bigger player. Cheers. WB