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To: Mama Bear who wrote (43703)12/5/2000 12:29:48 AM
From: chic_hearne  Read Replies (1) | Respond to of 436258
 
Who do you go through? Commissions are meaningless to me. If I save an eighth on only a ten contract order, that's $125 which far outweighs the commission price if I'm getting the fills I want.

Yes, I believe one of the brokers I use only quotes one options exchange. But I still notice my bid/asks don't always show up using their own quotes. If the spread is 10 x 10 at $5 by $5 1/2, I want to see my order show up if it's placed at $5 1/4, and that doesn't always happen. What's really strange to me is sometimes I'll have an open order for 30 minutes, but get filled better than my bid/ask. It makes me think my order isn't in the system and that my broker is holding my order looking to make the trade and scalp me.

I've recently been happy with Wall Street Access, but I haven't used them enough to have much of an opinion.



To: Mama Bear who wrote (43703)12/5/2000 12:31:25 AM
From: ild  Read Replies (1) | Respond to of 436258
 
MB, How long have you been using IB? I recently opened an account with them and trade options. Their commissions are so small that I don't know how they make money. Their commissions look like a joke and this precludes me from using them on bigger scale. The only thing I really don't like that you can place/change/cancel only during regular hours.