Monday, October 24, 2005

Rumor of reduced commissions at Interactive Brokers...

Rumor is that IB dropped commission rates for US Equities to $0.005/share all-inclusive. Read this thread from EliteTrader for more details on the rumor.

Not sure if this is true or not...but if so...might need to re-evaluate my broker choices. Hmm....

Later Trades,

MT

2 comments:

Anonymous said...

Hi Taylor Tree,

The price reduction at IB is true. They issued a press release outlining the fee reductions.

http://www.interactivebrokers.com/en/general/about/mediaRelations/10-24-05.php?ib_entity=ca#uk

They fee change begins on Nov. 1, 2005

Cheers,

Scott

Michael Taylor said...

Thanks for the confirm!

Great news.

Mike