Posted - 03/22/2008 08:15:27
Just for clarification...if you are on our 'unbundled' plan then you will realize the fee waivers as your plan calls for TradeStation's fee plus the exchange's execution and clearing fees (if any) passed on to you. In this case, for example, it would be $1.20 + $0 (fees). If you are on our 'bundled' plan then you would not realize any fee variances as that plan calls for an 'all in' approach (ie $2.50/contract all in).
If anyone is interested in switching plans you can contact customer service. Please note that there are other differences in the plans as well. For example, there is a $0.10/contract/day carry charge for positions carried overnight when using the unbundled plan that you will not see a separate charge for when you are on the bundled plan.
Additionally, as Goose alluded to, there was a configuration issue at RJO which ignored the fee waiver. That has been corrected as of trade date 3-20-2008 (including any necessary credits for prior trades eligible for fee waivers).
The bundled plan (ie $2.50 per contract all in) that I referred to is a legacy commission plan of ours that we previously offered. We moved to the unbundled approach at least a year or two ago where your charges for TradeStation's commission fee, the exchange's execution and clearing fee, and the overnight carry fee are broken out and charged seperately. Not all customers have chosen to move to the unbundled commission plan, so we still have customers that are on a bundled plan.
For further details on our current commission plans, contact client services or sales or visit the link below.
http://www.tradestation.com/fees/All_Asset_Types.shtm