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[sub5mango]

Hi all,

I could / should probably ask a broker but would rather get your experienced / unbiased / knowledgeable comments.

Currently I am paper trading ES emini sp500 on a sim account using ninjatrader with zen-fire data feed. (I may/may not go for that combo if I go live - sim is pretty good!).

I have looked at zen-fires web page and put into my sim what they charge for a turnaround contract which they quote as around $4.40 for ES e-mini sp500.

So each buy order that gets processed appears in sim as $2.20 and each sell $2.20.

But while I am trading I am puting on a whole load of other orders and then cancelling them as the trade developes eg. target orders in the form of limit orders/stoplimit orders/stoploss orders.

If I go live, will there be a charge for these, or do brokers only charge for executed orders?

 

[ofurbaldur]

Some exchanges charge you for changing your order 2 often.
You also get credits for orders executed.
Read on the exchange websites also ask your broker.

Baldur

 

[DT]

Some exchanges charge you for changing your order 2 often.
You also get credits for orders executed.
Read on the exchange websites also ask your broker.

Baldur

I'm pretty sure these fill ratios mainly apply to auto spreaders/black box systems etc... which do put a bit of strain on networks/servers if they're constantly entering & pulling new bids/offers rapidly.