This quote is from the NT strategies documentation. It seems to be saying that if you submit a a single order to buy 1000 shares but it executes as 10 partial fills ,the commission will be 10x the commission. Is that what is being said here?
"Attention Equity Traders: This option is NOT suggested since it can result in seriously increased commissions depending on your commission plan. For example, if you are charged $9.95 per order and you trade 1000 shares and have 10 partials for 100 shares each, you will have 10 stops and targets for 100 shares each instead of 1 stop and target pair for 1000 shares. Once filled the difference would be $9.95 x 10 vs $9.95".
"Attention Equity Traders: This option is NOT suggested since it can result in seriously increased commissions depending on your commission plan. For example, if you are charged $9.95 per order and you trade 1000 shares and have 10 partials for 100 shares each, you will have 10 stops and targets for 100 shares each instead of 1 stop and target pair for 1000 shares. Once filled the difference would be $9.95 x 10 vs $9.95".
Comment