Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Final Frontier - Online Remote Trading -- Ignore unavailable to you. Want to Upgrade?

To: TFF who wrote (9874)	4/3/2002 2:33:39 PM
From: TFF	Read Replies (1) \| Respond to of 12617

IB Announces $1 Per Contract Commission Rate for Single Stock Futures GREENWICH, Conn., April 3 /PRNewswire/ -- In response to frequent customer inquiries, Interactive Brokers LLC (IB) has announced that its retail commission rate on single stock futures will be U.S. $1.00 per contract. The minimum ticket order is one contract (U.S. $1.00). IB will provide single stock futures routing capability to the NQLX (Nasdaq-Liffe), OneChicago, and Island once these venues become available. ``Our dynamic order routing among the three most likely liquidity centers for single stock futures for a commission of only $1.00 per contract may sound like an unusually good deal. This is true, but it is only in line with our current commissions for stocks, options, index shares and futures,'' said Thomas Peterffy, Chairman of the Interactive Brokers Group. ``It is our goal to continue to provide the fastest and best execution for our customers' orders at the lowest cost in the industry.'' Complete straight-through processing, large volumes, and self-clearing allow IB to offer execution and clearing services at professional prices. IB retail commissions are as follows: U.S. Stock $0.01 per share for up to 500 shares and $0.005 for each share after 500 in the same order, $0.02 per VWAP share, $1.95 per options contract and $2.40 per futures contract. Interactive Brokers LLC, a global electronic brokerage firm and member of the Interactive Brokers Group (IBG) LLC, was formed in 1993 and provides institutions and professional traders with execution and clearing services for stock, options, futures, currencies, and VWAPs. IBG is comprised of electronic brokerage and proprietary trading firms, including Timber Hill, a leading equity options market maker established in 1977. IBG executes trades on more than 40 exchanges and ECNs in 16 countries. Customers may route their orders to a particular market center, or use the firm's intelligent high-speed Best Execution order routing system. IBG's daily trading volume regularly exceeds 200,000 trades. The group employs approximately 430 traders, programmers and support staff located in offices and exchanges throughout the world.