Ticket Charges
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.
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.
$18 fund, minimum $50 equity.
We are pretty much $20 across the board…fixed income is $40…also options are $20 plus $1.25 per contract.
Stock Trades <2100 = $18… >2100 $16+.01/sh
Options $18 +.50/contrSquash and Sal,
Who do you guys clear through?A hated firm…Their is actually a whole post dedicated to them
I think every firm is hated right now, but I think I figured out which one.
you can pm me and I will let you know..
Dougs…I’m at a privately held regional bd…I’ll let you know if you pm me.
In advisory a/c’s we are at 14 for funds, 17 equities, bonds vary from 30-35, UIT’s 35.
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