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Non-Tech : Brown & Company New "5 and 10 Store"? -- Ignore unavailable to you. Want to Upgrade?


To: Fred Puppet who wrote (270)11/20/1998 10:45:00 PM
From: Esteban  Respond to of 1865
 
I've never traded more than 5000, but my understanding is $20.



To: Fred Puppet who wrote (270)11/20/1998 10:59:00 PM
From: Brendan W  Respond to of 1865
 
Fred, as you probably know they charge significantly more for trades over 5000 shares. If you were to split it up and submit them simultaneously they consider that abusive and may insist on the proper commission. I don't know if this is automated. However, if you let 15 minutes or more pass they will blow it off. And if you have slightly different prices on limit orders they don't have a whole lot to complain about.

This is from recall so take it with a grain of salt.



To: Fred Puppet who wrote (270)11/21/1998 9:06:00 AM
From: kendall harmon  Respond to of 1865
 
The answer to this is actually that you will not be allowed to place two identical limit orders on the same stock at the same price. That is, you are not allowed to place orders deliberately in order to save on commissions. If you were to place limit orders at two different prices, that would be fine.

This kind of a question only impacts people with the capital to make trades of these sizes.