Post #3040 by TGMark on the Mechanical Investing board

Investment Strategies / Mechanical Investing

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Just info. Today I updated a chunk of one account. I use basket trader and IB's MidPrice algorithm.
Trades started at 1:30 PM and there one only one trade that didn't get completely filled by 4:00, but it was 90% filled.
In the past, trading was "free" at FolioFN using their window trading. At IB, commissions apply but presumably executions are better.

Commissions were 0.042% of dollar volume traded, $242 for 65,342 shares, or $0.0037/share.
Six out of 31 trades were for stocks less than $5/share which cost more to trade at IB.
For those six, the commissions were 0.16% of value traded.

I am on one of the tiered plans, I believe, but it would be good to try to reduce commissions further.

Mark

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