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Strategies & Market Trends : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?

To: dpl who wrote (16850)8/22/2003 12:24:33 PM
From: Jon Tara  Respond to of 18137
 
It isn't the broker who gives rebates for adding liquidity - it is the ECN. The ECN charges or rebates the broker.

If the broker passes-on ECN fees, they will generally also pass-on ECN rebates, as well.

Other brokers build the ECN fees into their commissions. Of course, it's based on an average ECN fee.

IB charges a higher commission rate when you ask for a specific execution route, whether you route your order to an ECN or not.



To: dpl who wrote (16850)8/22/2003 1:05:10 PM
From: Eric P  Read Replies (1) | Respond to of 18137
 
Could you name a few brokers who give rebates for adding liquidity to an ECN?

I don't have a list of them, but I suspect these brokers are mainly those catering to higher volume traders, versus your typical retail.

The firm that I am familiar with is the one I use, but I'd rather not post their name here to avoid any impression of 'hyping' any specific firm.

-Eric


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