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Alex is dealing in the theoretical world and I am dealing in the real world.
The only outcome which matters is whether the brokerages are charging the
cancellation fee to their customers. I use Interactive Brokers and they are.
Earl
----- Original Message -----
From: <jafeilbach@xxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Thursday, April 24, 2003 5:42 PM
Subject: Re: [RT] Option order cancellation fees
> Alex,
>
> So, am I to understand that the cancellation fee will only apply to
> brokerages that are above a certain option volume? If that is the case,
then
> I think that I am not the only one who misunderstood that point.
>
>
>
>
> In a message dated 4/24/2003 5:39:37 PM Central Daylight Time,
> AJacobson@xxxxxxxxxxxxxx writes:
>
> > It has nothing to do with Schwab and Fidelity not passing it. The
character
> > of their flow will never approach the threshold. BTW IB overall traffic
> > may
> > also not make the threshold. They appear to charging it in expectation
of
> > hitting it.
> >
>
>
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