Ticket Charges

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Feb 13, 2009 3:06 pm

What are some of the ticket charges b/d are getting these days?  We are at $24 for a stock trade, $25 + 2.5/contract on options, and $35 for an assigned option.  Basically have to go into a covered call situation assuming a minimum of $60 in ticket charges.  It seems too high.  

Feb 18, 2009 10:57 am

That does seem a bit high, though I know that most firms have a grid as far as ticket charges goes. This means the higher the volume the lower the ticket charges. Our firm for example offers ticket charges between $14 and $18 depending on volume for stock. I would look around and see what firms are offering as far as ticket charges goes if you are unhappy with your current ticket structure. 

Feb 18, 2009 6:48 pm

$18 fund, minimum $50 equity.

Feb 23, 2009 4:55 pm

We are pretty much $20 across the board...fixed income is $40...also options are $20 plus $1.25 per contract.

Feb 23, 2009 6:08 pm

Stock Trades <2100 = $18..  >2100 $16+.01/sh

Options $18 +.50/contr
Mar 11, 2009 2:26 pm

Squash and Sal,

 
Who do you guys clear through? 
 
Mar 11, 2009 2:38 pm

A hated firm...Their is actually a whole post dedicated to them

Mar 11, 2009 5:52 pm

I think every firm is hated right now, but I think I figured out which one. 


 
Mar 11, 2009 10:11 pm

you can pm me and I will let you know..

Mar 12, 2009 11:26 am

Dougs...I'm at a privately held regional bd...I'll let you know if you pm me.

Mar 18, 2009 9:16 pm

In advisory a/c's we are at 14 for funds, 17 equities, bonds vary from 30-35, UIT's 35.