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Re: GEN: systems and transaction costs



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InternetTrading.Com charges $14 per trade, not zero per trade.  Maybe you were
confused by the fact that they offer first trade free?  If a company does
offer free commissions, watch out.  They may be taking payment for order flow,
which means that although you're not paying commissions, they're making that
back and more because they direct your order to a market maker who will rip
you off for an extra 1/8th or 1/4 point, which will cost you a lot more than
the $15 commission!  SureTrade, for example, uses payment for order flow.
Datek does not.