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Strategies & Market Trends : From the Trading Desk -- Ignore unavailable to you. Want to Upgrade?

To: John Carragher who wrote (4094)	1/18/1999 7:41:00 AM
From: steve goldman	Read Replies (1) \| Respond to of 4969

John, No explanation, thats just simply how it is. I dont recall the exact formula, buts its fairly straightfoward, something like .03 per 10,000 or such. I'm at home today and dont have the calculation in front of me. Its just simply something the SEC instituted. I think it came about the same time the SEC made the NASD admit to 100 million in upgrades, surveillance etc...so they pass it along to the member firms and investors. -Steve@yamner.com

To: John Carragher who wrote (4094)	1/18/1999 11:45:00 AM
From: Eric P	Respond to of 4969

John: The SEC fee is calculated on all sell executions (sell long or sell short). It is calculated based on the dollar amount of the transaction times 0.00003333. For example, the SEC fee for selling 1000 shares of a $100 stock would be: $100 x 1000 shares = $100,000 total trade value $100,000 x 0.00003333 = $3.33 SEC fee If you have noticed an increased cost of your SEC fees, it is probably due to your trading in more expensive trades. Undoubtably due to your increasing success and higher trade and profit size! Good luck, -Eric