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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?


To: teevee who wrote (273752)10/4/2019 4:50:50 PM
From: Rocket Red  Respond to of 312299
 
already happening daily front running by banks on your trading accounts



To: teevee who wrote (273752)10/4/2019 5:26:24 PM
From: stuffbug  Read Replies (1) | Respond to of 312299
 
Nope, no front running with the U.S. brokers. Also, much better fills.
Sold an ETF today
- bid 1700 @ 32.53, ask 3500 @ 32.54
- placed a sell limit order for 100 shares at 32.53
- filled at 32.5391, 0.0009 less than the ask
- zero commission
- volume was running less than 1k per minute, etf traded between 32.53 and 32.54 for more than an hour

U.S. brokers can't front run hundreds of thousands of orders each day, especially with all the computer trading. Fill price versus limit price is tracked by the major retail brokers. All vying to provide the highest discount on buys / highest premium on sells.

Interesting wordage in the TD Ameritrade offer to new clients. Length of free trade period is noted at 60 days. Giving themselves an out if brokers resort to charging commissions. Free trades even extend to options. Only fee is the writing fee of 65 cents per contract. No assignment or exercise charges.