Traders' Roundtable

I got a statement this morning by email from Man Financial, and then called my broker, he said that those fees 46 $ total, were charged cos Man "went through the accounts and found out that some of them weren't charged pit broker fees". Has anyone here got same thing?

I negotiated one price for electronic trades and a slightly higher price for pit trades. So, yes. But they should have told you this ab initio. My experience is that one needs to negotiate up front a net price per RT with no add ons (and certainly no klingons) - that way you don't end up with nasty surprises.

With Refco there was no Brokerage fee of 1.25 $ per side per contract ( for pit) it was all included, Man got this fee recently and now charged their accounts for past 2.5 months (after books from Refco were transfered to Man). No one told me this so as you said it was a nasty surprise