Das Trades Window and Commissions

[CassA 0]

This morning I placed a single limit order to buy 1000 shares of CNET. My "Das Trades" window shows:

...

09:43:06 CNET B 3.6 Margin 100 0.00 SMAT -0.20 AUTO

09:43:07 CNET B 3.6 Margin 200 0.00 SMAT -0.40 AUTO

09:43:07 CNET B 3.6 Margin 200 0.00 SMAT -0.40 AUTO

09:43:07 CNET B 3.6 Margin 300 0.00 SMAT -0.60 AUTO

09:43:10 CNET B 3.6 Margin 200 0.00 SMAT -0.40 AUTO

...

 

I don't have a broker. I'm in the simulator. Hypothetically, if I had a broker, I'm wondering what the commissions would be.

 

For a flat trade fee of $4.95, this looks like it could be 5 x $4.95 = $24.75 (if each line in the Das Trades window counts as a separate transaction). I'm curious about this.

 

For a 0.00495 share based rate (not assuming $1 minimum), this looks like it could be 1000 x 0.00495 = $4.95.

 

I'm wondering are commissions a function of how an order is filled and not necessarily the order itself? Thanks.

[frank2403 5]

Hey Cass, it works by tickets that means it would only be one fee but if you slowly sell your share it would be a fee each time you push your sell hotkey.

 

So for a 1000 shares:

-Buy 1000 = 1 ticket

-sell half = 1 ticket

-sell quarter = 1 ticket

-sell the last piece = 1 ticket

So 4 tickets at 4.95 is 19.8$ for the whole trade!

 

If you are wondering what I mean by tickets, you can see them go up in you account window of Das.

 

Francois

[CassA 0]

Thanks for the explanation. I see where the tickets are located in the account window.

 

Thanks for the help!

Cass