Commissions

Every broker/dealer has multiple commission plans available for their traders to optimally match the type of trade with the most conducive plan. However, managing these plans can be difficult and confusing. The Commissions tool provides resources for setting fees associated with platform trading. Commission Plans are appended by Sub-commission Schemes which assess fees based on the types of trades placed (stock, option, bulletin board, ECN, etc).

Use this page to add, edit, find, and delete commission schemes.

Find a Commissions Scheme

1. Click the Manage Commissions link under the Commissions tab.

2. A list of current commission schemes (with their associated sub-commission schemes) will appear, along with a search tool for querying the list by scheme name.

3. Click on any sub-commission scheme (Stock, BB, Option, ECN Mutual Fund...)for more details if desired.

Add a New Commissions Scheme

1. Click the Manage Commissions link under the Commissions tab. A list of current commission schemes will appear, along with a search tool for querying the list by scheme name.

2. Scroll to the bottom of the page and click the Add Scheme button.
   
   
   
   

3. Enter a description of your scheme and indicate whether or not the scheme applies to Plus platform users.

4. Select a Stock Scheme (indicating how equity orders should be billed) from the drop-down list.
   Click View to view scheme details. Use the scheme “as is,” or click the Edit button to revise it.  (For more information on the edit feature, see Edit Stock Scheme)

5. Select a BB Scheme (indicating how bulletin board orders should be billed) from the drop-down list.
   Click View to view scheme details. Use the scheme “as is,” or click the Edit button to revise it.  (For more information on the edit feature, see Edit BB Scheme)

6. Select an Option Scheme (indicating how option orders should be billed) from the drop-down list.
   Click View to view scheme details. Use the scheme “as is,” or click the Edit button to revise it.  (For more information on the edit feature, see Edit Option Scheme)

7. Select a ECN Scheme (indicating how orders to various ECNs should be billed) from the drop-down list. If an ECN scheme is not indicated, the customer will not be charged for ECN fees.
   Click View to view scheme details. Use the scheme “as is,” or click the Edit button to revise it. (For more information on the edit feature, see Edit ECN Scheme)

8. Enter a Mutual Fund Fee (indicating what fee should be attached to Mutual Fund orders) from the drop-down list.

9. Click Add Scheme to save, or Cancel to close without saving.

Edit a Commissions Scheme

1. Click the Manage Commissions link under the Commissions tab. A list of current commission schemes will appear, along with a search tool for querying the list by scheme name.

2. Click the button next to the scheme you would like to edit.

3. Scroll to the bottom of the page and click the Edit Scheme button.
   
   
   
   

4. Edit the scheme as desired.

5. Click Update Scheme to apply your changes to all traders assigned to it, or click Cancel to close without saving.

Delete a Commissions Scheme

1. Click the Manage Commissions link under the Commissions. A list of current commission schemes will appear, along with a search tool for querying the list by scheme name.

2. Click the button next to the scheme you would like to delete.

3. Scroll to the bottom of the page and click the Delete Scheme button.

4. Edit the Edit Scheme window will appear. Review the scheme to make sure you want to delete it.

5. Click Delete Scheme to remove the scheme from the system, or click Cancel to close without saving.