I believe ibkr is the only broker that gives rebates for adding liquidity for options. Does it apply for stocks too or just options? I am currently trading with Schwab and has negotiated lower rate than standard 0.65$ rate. I believe no other brokers offers such rebate accept public.com Ibrk has min. 1$ compared to schwab which has only 0.65$ which is kinda high so options rebate ..is it really worth moving to ibkr? My average volume is about 100 contract a day. @Robert Morse does lighspeed has rebates like ibkr?
TDA, prior to the merger finalization allowed negotiating for lower rates on option commissions, for those trading some volume. Your trading (100 contracts/day) would have been adequate for that. I don't know if Schwab would do the same, but they have grandfathered the TDA negotiated rates when I was transitioned. You may want to ask Schwab about lowering their rates. (I know nothing about IBKR or rebates however).
We offer the option to be subject to the Option exchange maker/taker schedule on single leg option orders on Sterling Trader Pro, EZE EMS and CBOE SILEXX in addition to a SMART route that avoids most of them. Our starting rate is $0.50/Option plus regulatory and routing fees. 100 contacts a day is about 2000 per month, which gets you down to about $0.35/option after you hit that level in any calendar month. https://lightspeed.com/pricing-fees/options. Unlike IBKR we do not make you earn your tier each month.
100 a day even round trips isn’t much volume. I thought you were doing 1000 to 10,000+ contracts daily.
1. I am not sure what you mean..do you offer rebate to add liquidity or not? 2. if we use your free lightspeed platform ..you don't offer liquidity rebate? 3. If we use smart route we don't pay 0.35$ routing fees. otherwise we pay 0.50 plus 0.35 so 0.85. in other words if I want to be paid for adding liquidity I have to pay 0.85 correct? 4. Also until I hit 2000 contracts I pay 0.50 and above that volume it will start charging 0.35 but for the first 2k it will always be 0.5?
10,000+ contracts daily....maan, that's like winning the Super Lotto everyday if an individual trader can nail the market movement foresight. Mouth watering to fantasize about that volume.