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Showing results for tags 'commission'.
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Hi! Im opening my first trading account in CMEG. When I told them about the BBT promocode they mention something about the routing and I would need some help to understand it; "The commission structure would be $3.95 per ticket for trades of less than 1000 shares ; $0.007 per share for trades more than 1000 shares and when using the LAMPOST route it is $0.004 per share (minimum $0.50) and the ECN fee is $0.0025 per share. Please note that for BearBull Traders clients to take advantage of this offering they would need to apply their group promo code, as well as use the SMART/LAMPOST route. This offer is not available without the use of the group promo code and it is only available for the SMART/LAMPOST route." They also mention a minimum of 1000 shares per trade to apply the discount, is it OK? As a new trader I am not planning to trade as many shares per trade. Many thanks for your help. Regards
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- commission
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Hey BBT family! On Thursday (7/11) and Friday (7/12) you might have noticed on your platform some orders were routed via ARCA instead of LAMP. Even though you send the order correctly using LIMIT or MARKET as your route, the system was having some issues and caused this mistake to happen. Please review your statement with CMEG for Thursday (7//11) and Friday (7/12) to make sure everything looks correct with the route LAMP and with the new commission structure for BBT members. If you do have some orders that were transacted with ARCA and commission fee of $3.95, you can email me your carlos@bearbulltraders.com just full name and I will add you to the list of names we are sending to CMEG so they can fix the issue accordingly. You can also work with CMEG directly, and if you have already emailed them about the issue they will address. CMEG is aware of this issue and is addressing it to prevent it from happening and they are committed to adjusting all statements that were charged incorrectly. Thank you all!
- 14 replies
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- route error
- commission
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