|
PureBytes Links
Trading Reference Links
|
Joe
At Datek and most other firms I know, you do not pay for partial fills.
So if you placed a trade for 1000 shares and they filled you in say 200
share blocks, you pay once ($10)
However, if you cancelled any part of your initial 1000 lot order, then
re-ordered to make up the 1000 lot, you would pay multiple commissions.
Regards
Trevor De Vries
> -----Original Message-----
> From: Joe Frabosilio [SMTP:joe6964@xxxxxxxx]
> Sent: Tuesday, May 04, 1999 10:26 AM
> To: RealTraders Discussion Group
> Subject: Re: Fidelity Commission Schedule
>
>
> Jerry,
>
> I hope this is not a joke that I'm falling into.
>
> The complaint is, lets say you place a trade for 1000 shares of ABC
> stock
> @$20.limit order. The brokerage says that it only charges $15 per trade
> upto
> 5000 shares. So, you place your trade, your fills are 500,150,50,200,100=
> 1000
> shares. In the past you only paided $15 total. Now with the new
> commissions
> schedule you pay $15 * 5=$75 for that one trade. Thats the complaint.
>
> Trade Well,
>
> Joe Frabosilio
>
> GREHERT@xxxxxxx wrote:
>
> > I don't understand the complaint. I use Brown & Co. When I buy several
> lots
> > of a stock at different prices and different times in the same day, I
> always
> > pay multiple commissions.
> >
> > Are you suggesting they are supposed to do multiple trades for one $5
> > commission?
> >
> > Best Regards,
> >
> > Jerry Rehert (grehert@xxxxxxx)
> > Atlanta, GA
> > @ 01:14 am, May 4th, 1999
|