TOS commisions

brooklyn · 07-02-2009, 12:50 PM

For some reason I pay more for commisions than I should. For example I shoulda paid $7.50, but I acctually paid $12.50... Are those $5 that market makers take or something like that?

CVD · 07-02-2009, 01:02 PM

For which instrument?

brooklyn · 07-02-2009, 01:19 PM

Quote:

Originally Posted by CVD

For which instrument?

stocks

Tekmnd · 07-02-2009, 03:26 PM

Hi Brooklyn

This was for stocks (not options)?

Were they OTC stocks (over the counter- usually these are very low priced stocks less than $1 a share)?

For regular stocks TOS has 2 commission rates; you can get a $9.95 flat fee rate, or a .015 per share rate. If you take the per share rate and buy 800 shares, that was be $12. Could that be it?

Cheers
Tek

brooklyn · 07-02-2009, 03:53 PM

Hi Tekmnd,

Actually I just calculated and everything was fine, but I still don't get it

I sold short 500 shares of JASO @4.47 paying $7.5 in commissions per share and as I was about to close my position I checked my balance and the last digits were like $...97.50 so I figured out if I closed my position at this moment I'd be left with $...90 ($7.50 for commissions) but instead I was left with $...85
How could that be? I think they take their commissions once you buy and then again once you sell.

One more question, when numbers are in yellow in time and sales, what does that mean?

Thanks

07-02-2009, 12:50 PM	#1 (permalink)
brooklyn Badges About Assets Join Date: May 2009 Posts: 60 InformedPoints: 0	TOS commisions For some reason I pay more for commisions than I should. For example I shoulda paid $7.50, but I acctually paid $12.50... Are those $5 that market makers take or something like that? Share This \|

07-02-2009, 01:02 PM	#2 (permalink)
CVD Badges About Assets Join Date: Nov 2008 Location: The Netherlands Posts: 724 InformedPoints: 104.43	For which instrument? __________________ Fake it till you make it - Anybody can make money - You can only get out of it what you put into it

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07-02-2009, 03:53 PM	#5 (permalink)
brooklyn Badges About Assets Join Date: May 2009 Posts: 60 InformedPoints: 0	Hi Tekmnd, Actually I just calculated and everything was fine, but I still don't get it I sold short 500 shares of JASO @4.47 paying $7.5 in commissions per share and as I was about to close my position I checked my balance and the last digits were like $...97.50 so I figured out if I closed my position at this moment I'd be left with $...90 ($7.50 for commissions) but instead I was left with $...85 How could that be? I think they take their commissions once you buy and then again once you sell. One more question, when numbers are in yellow in time and sales, what does that mean? Thanks