Hi,
Not really a technical question, but I've just been looking at
brokerage on CFDs for the UK main market in detail and the brokerage is
wider than spread in large cap stocks. Maybe that's normal, but to
someone who's worked on the institutional side, given the
internal crossing opportunities for a large broker, it seems
exploitatively high. And I'm some way off doing $10m/month in volume
(more like 5) to access the cheaper pricing tiers. Maybe the solution
is to look at mid-cap instead where the spreads are wider compared to
brokerage.
The big question though - are there viable alternatives to IB? It's
very time consuming to dig in and find the actual pricing of all brokers
operating in the UK market for large cap stocks who do DMA.
Has anyone done this? Would you be willing to share your research?
Cheers,
G.
