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No, I didn't know that Scottrade nasdaq orders are routed to Knight.
Thanks. Still, would I rather place a trade with IB, which I just paid $17
per side for my last trade of 3000 shares, or would I rather pay $7 per side
with Scottrade?
----- Original Message -----
From: "Randy" <rdsmith5@xxxxxxxx>
To: "Joe S" <jes333@xxxxxxxxxxxx>
Cc: <HBernst963@xxxxxxx>; "Omega-List@xxxxxxx Com" <Omega-List@xxxxxxxxxx>
Sent: Thursday, January 27, 2005 1:15 PM
Subject: Re: OT - Scottrade
> Joe - I'm sure you know that a majority of Scottrade's nasdaq orders
> are routed to Knight for the trade and there is payment to Scottrade
> for this .
>
> randy smith
>
> Joe S wrote:
>
> >That's a good commission. But I don't think they offer IRA accounts.
Not a
> >bad choice for an individual account though. Let me know if they do
offer
> >IRA's.
> >
> >Ameritrade also has their "Freetrade" division where the commissions are
> >zero, but you have to put up with them routing your order to their
preferred
> >destination, which can be a problem.
> > ----- Original Message -----
> > From: HBernst963@xxxxxxx
> > To: rdsmith5@xxxxxxxx ; omega-list@xxxxxxxxxx ; jhsnowden@xxxxxxxxxxxxx
;
> >marcmiller@xxxxxxxxx ; jes333@xxxxxxxxxxxx
> > Sent: Thursday, January 27, 2005 9:15 AM
> > Subject: Re: OT - Scottrade
> >
> >
> > Ameritrade has the IZone for low commission internet trading at $5.00
per
> >trade. No minimum number of trades per month. I just transferred my
> >Ameritrade account ($12 per trade) to IZone.
> >http://www.ameritradeizone.com/
> >
> > Howard Bernstein
> >
> >
> >
> >
> >
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