how they settle half cents

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Subject Author Date
how they settle half cents Dr Tormento 05-29-2009
Posted by Dr Tormento on May 29, 2009, 1:45 pm
I placed an order to buy 50 shares at 96.56. Because of the incentive
pricing for routing, the trade was executed at 96.5599. That works out to
$4827.995, so there is a half cent up for grabs. They gave it to me for
$4827.99.
Who says the little guy never gets a break?


Posted by Blash on May 29, 2009, 3:11 pm
Dr Tormento wrote on 5/29/09 1:45 PM:

> I placed an order to buy 50 shares at 96.56. Because of the incentive
> pricing for routing, the trade was executed at 96.5599. That works out to
> $4827.995, so there is a half cent up for grabs. They gave it to me for
> $4827.99.
> Who says the little guy never gets a break?
>

Keep those .005s in a separate a/c......soon you'll be able to control
GCOG.........


Posted by ausound on May 29, 2009, 3:22 pm

> I placed an order to buy 50 shares at 96.56. Because of the
> incentive
> pricing for routing, the trade was executed at 96.5599. That works out
> to $4827.995, so there is a half cent up for grabs. They gave it to me
> for $4827.99.
> Who says the little guy never gets a break?
>

don't spend it all in one place

Posted by Bill Hartwick on May 29, 2009, 6:32 pm


Dr Tormento wrote:
> I placed an order to buy 50 shares at 96.56. Because of the incentive
> pricing for routing, the trade was executed at 96.5599. That works out to
> $4827.995, so there is a half cent up for grabs. They gave it to me for
> $4827.99.
> Who says the little guy never gets a break?
>

So what did you buy? GLD was close to that when you posted but not that
high. Just curious.


Posted by Dr Tormento on May 29, 2009, 8:02 pm

>
>
> Dr Tormento wrote:
>> I placed an order to buy 50 shares at 96.56. Because of the
>> incentive
>> pricing for routing, the trade was executed at 96.5599. That works
>> out to $4827.995, so there is a half cent up for grabs. They gave it
>> to me for $4827.99.
>> Who says the little guy never gets a break?
>>
>
> So what did you buy? GLD was close to that when you posted but not
> that high. Just curious.

LQD

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