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Non-Tech : CYBERTRADER -- Ignore unavailable to you. Want to Upgrade?


To: Patrick who wrote (1592)1/7/1999 8:19:00 AM
From: Dan Swartzendruber  Read Replies (1) | Respond to of 3216
 
Why is the account minimum so high?



To: Patrick who wrote (1592)1/7/1999 10:06:00 AM
From: wily  Respond to of 3216
 
Patrick,

Actually, that wasn't my question. On a second look I see that the information may be on the web-site, but I'm not sure how to interpret it. For example, what is the difference between "Island Direct" and "Island ECN"? And in what instance would you be charged a scary 2 1/2c per share?

Thanks again,
wily


From the Cyber-Brokerage web-site:

Type of Execution Per Ticket Fee Per Share Fee
SOES $0.50 N/A
SelectNet Direct (Preference) $1.00 N/A
SelectNet Broadcast $2.50 N/A
Island Direct (DATA) Add Liquidity N/A -$0.001
Island Direct (DATR) Remove Liquidity N/A $0.0025
Attain Direct (ATTN) $1.00 N/A
Instinet Direct (INCA) N/A 0.0125
ECN (ATTN, INCA) N/A 0.015
ECN (BTRD) N/A 0.005
ECN (ISLD, REDI) N/A 0.025
Terra Nova (TNTO) N/A 0.005
NYSE N/A $.005