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*TRADING
FEES:
Stock Trades: $7.00 per trade Market or Limit
order.
Option Trades: $10.00 Ticket Charge plus
$1.50/option contract
(IE: BUY
1 May Call = 1 x $1.50 = $1.50 + $10 Ticket Charge =
$11.50 for the buy or sell.)
ECN
Fees-
Island:
Remove Liquidity .003/share
100 shares =$7 Ticket plus $.30 Island charge.
Add
Liquidity: No Island Charge!
100 shares =$7 Ticket.
ARCA:
Remove Liquidity .003/share
100 shares =$7 Ticket plus $.30 ARCA charge.
Add Liquidity
No ARCA charge!
100 shares =$7 Ticket.
Other ECN charges are passed though at cost.
All ECN charges are subject to change, please
contact us for the latest fee schedule.
Note: All orders phoned in are subject to a $15.00 per
ticket surcharge.
What is Adding Liquidity?
If
you are trying to purchase a stock (or are covering a
short) and you place an order at the bid or lower,
you are adding liquidity.
If you are trying to sell a stock (or trying to short
a stock) and you place an order at the offer or
higher, you are adding liquidity.
What is Removing Liquidity?
If you
are trying to purchase a stock (or are covering a
short) and you place an order at the offer or higher,
you are removing liquidity.
If you are trying to sell a stock and you place an
order at the bid price or lower, you are removing
liquidity.
Nexa
Technologies provides a comprehensive user manual for
your review. You can find it online by clicking
the link below:
http://www.nexatechnologies.com/documents/axispro.pdf
*SOFTWARE
FEES:
The
Software fees for Axis 2.1 and Axis Pro are $135.00
per month.
This includes Real Time data for NASD, AMEX and NYSE.
-
S&P
Futures and NASDAQ Futures Included!
-
Nasdaq
Level II Included!
-
Analytical Charting Included!
-
Option
Exchanges (Opra) Included!
Integrated direct order entry for equities and
options!
*Prices
are subject to change without notice.
*TRADING
FEES:
Realtick Fees:
Stock Trades $10.00 per ticket.
Option Trades: Ticket charge plus $1.50/option
ECN Fees-
Island:
Remove Liquidity .015/share
Add Liquidity (.000/share)
ARCA: .004/share
Soes: .50/trade
Instinet .01/share
ISI SuperDot Access .012/share
All
other ECN fees are at cost and subject to change.
For a complete updated list, please contact us.
Please
note that all orders phoned in are subject to a $15.00
per-ticket surcharge.
Townsend
Analytics provides a comprehensive user manual for
your review. You can find it online by clicking
the link below:
http://www.realtick.com/v2_files/usermanual.pdf
*SOFTWARE
FEES:
Real
Tick Pro Plus $250 per month plus:
This software package includes integrated direct
order entry level II trading for stocks and options.
Please choose from the list of exchanges, newsfeeds
and extra features below:
Exchange Fees: (Non-professional)
American Stock Exchange
AMEX $0.00 Bid/ask, Last Sale Fee Waived
NYBOT $94.00: Board of Trade of the City of New York
Canadian Stock Exchanges (TSE/CDNX)
Professional users
please contact Subscriber Services if you are
interested in Canadian Data.
Consolidated Canadian Data Feed $9.50
Chicago Board of Trade:
CBOT full service $30.00
Chicago Mercantile Exchange:
CME - E-minis only $15.00
CME full service $50.00
Forex Foreign Exchange Data $90.00
Mid-American Stock Exchange (fees waived with CBOT
full service)
Mid-Am $7.50
NASDAQ Stock Market:
If you
choose Level 2 you must
also choose Level 1
NASDAQ bid/ask/Level 1/Last Sale $0.00 (Fee Waived)
NASDAQ bid/ask/Level 1/Last Sale/Level 2 $10.00
New York Stock Exchange:
NYSE bid/ask, Last Sale $0.00 (Fee Waived)
NYSE OpenBook (billed direct from exchange)
NY Mercantile Exchange:
NYMEX $60.00
COMEX $60.00
-----------------------------------------------------
Options Price Reporting Authority:
OPRA ($0.00) (Fee Waived)
OPRA Foreign Currency Options (billed direct from
exchange)
-------------------------------------------------------
News Fees:
Midnight Trader News $20.00
RealTimeTraders Newswire $15.00
Public Companies Canada CustomWireŽ News $10.00
Equities News $25.00
Futures News $25.00
------------------------------------------
Oz Scanner $20.00
*Prices
are subject to change without notice.
*TRADING
FEES:
Stock Trades: $7.00 per trade Market or Limit
order.
Option Trades: $7.00 Ticket Charge plus
$1.50/option contract
(IE: BUY
10 May Calls = 10 x $1.50 = $15 + $7 Ticket Charge =
$22 for the buy or sell.)
Please
note that all orders phoned in are subject to a $15.00
per-ticket surcharge.
*SOFTWARE
FEES:
This
software is offered free to account holders.
Although it does not provide streaming quotes, it does
provide Real Time Quotes.
Pen
Trader is a level I, Internet browser based software
for trading stocks, options or futures. There is no
software download, just
LOGIN once you have an account established with
us.
This
system works best for those that trade 2-3 trades a
day or less. Online Investors can place orders
for stocks, options and futures directly online.
The software is free to account holders, but there is
of course a fee for trading, which is $7.00 for stock
trades, Market or Limit order.
The
system gives real-time quotes, but does not provide
streaming, updated quotes.
The
system works well for position trading and online
investing. It offers sell-stops, stop-losses and
many more functions in order for you to get the most
out of your stock trade.
This
software is not recommended for very active, daily
traders that look to buy and sell stocks quickly
within a short period of time. For these types
of traders, we would recommend that you use our
Axis trading platform or
RealTick platform.
*Prices
are subject to change without notice.
If you
need to fund your Penson account,
click here for wiring
instructions. |
