Payout question to producing brokers (guys who trade)
Hi Guys ,
Can you share what is your payout , ticket charge , options cost ? Is it true that 90% payout is total BS? My payout is
45% and ticket charge is $8.
Ticket charge is per firm and per share some are $25 etc or per share? Idon't undertsnad what a desk fee is?
Exactly what are you trying to figure out?
Ok , I've been with the same company for 13 years , discount operation . I want to move to full service , and I want to
know the pricing. What should I expect at Indy ?, what they charge ? If you don't know upfront , they always
try to screw you.
Most firms have a payout grid they work within based on your T-12 GDC. Balls is correct, it should be at least 70% and if you have a large practice as high as 95%. Ticket charges vary quite a bit. Can be over $40 per transaction or as low as $9.95. If you do large trades they can also have a per share cost as well. Indy firms won't typically try to screw you, just tell them what your wanting and negotiate from there. For a higher payout you will be responsible for most or all of your local expenses. If a high net is what your looking for look at firms who don't pass on every expense to you. Google independent brokerage firms and go from there, do your homework.