|
PureBytes Links
Trading Reference Links
|
I received the note below from Interactive Brokers the other day. If I
understand this, all option exchanges are now charging fees to cancel or
cancel/replace orders, even those submitted electronically. Either the
options exchanges are looking for another source of revenue or they are
handling a lot of paper in front of the electronic systems. My trading is
overwhelmingly in futures rather than options, however this tactic will
certainly cause me to reconsider on those occasions when I would normally
use options.
Earl
"All US exchanges now charge option order cancellation fees. In order to
recapture this expense, effective April 14, 2003, IB will charge
$1.20/cancelled option order for smart and direct routed option orders.
Option order cancellation fees will be REDUCED at the following rates:
Direct Orders $.20/executed contract capped at $1.20/executed trade
Smart Orders $.25/executed contract capped at $3.75/executed trade"
------------------------ Yahoo! Groups Sponsor ---------------------~-->
Save Smiley. Help put Messenger back in the office.
http://us.click.yahoo.com/4PqtEC/anyFAA/i5gGAA/zMEolB/TM
---------------------------------------------------------------------~->
To unsubscribe from this group, send an email to:
realtraders-unsubscribe@xxxxxxxxxxxxxxx
Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
|