Commission Rules: Difference between revisions
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# Select real-time or after every trade mode of calculation from the '''Calculate Commission''' list. | # Select real-time or after every trade mode of calculation from the '''Calculate Commission''' list. | ||
::* '''in real-time'''. Commission is calculated in real-time, after every filled contract inside one order. If your order falls on two or more commission levels, commission will be calculated for each portion and then added. | ::* '''in real-time'''. Commission is calculated in real-time, after every filled contract inside one order. If your order falls on two or more commission levels, commission will be calculated for each portion and then added. | ||
<div style="background-color: #E5F6FF;">Example: | <div style="background-color: #E5F6FF;">Example 1: | ||
Commission rules: | Commission rules: | ||
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The strategy sells 150 contracts - commission = $0.05 * 99 + $0.03 * 51 = $6.48 | The strategy sells 150 contracts - commission = $0.05 * 99 + $0.03 * 51 = $6.48 | ||
The strategy buys 3000 contracts - commission = $0.05 * 99 + $0.03 *900 + $0.01 * $2001 = $51.96</div> | The strategy buys 3000 contracts - commission = $0.05 * 99 + $0.03 *900 + $0.01 * $2001 = $51.96</div> | ||
<div style="background-color: #E5F6FF;">Example 2: | |||
Commission rules: | |||
0-99 $0.05 per Contract | |||
100-999 $0.03 per Contract | |||
>=1000 $0.01 per Contract | |||
The strategy buys 60 contracts - commission = $0.05 * 60 = $3 | |||
The strategy sells 150 contracts - commission = $0.05 * 99 + $0.03 * 51 = $6.48 | |||
The strategy buys 3000 contracts - commission = $0.05 * 99 + $0.03 *900 + $0.01 * $2001 = $51.96</div> | |||
::* '''after every trade'''. Commission is calculated after the entire order is processed. If your order falls on two or more commission levels, commission level corresponding to the entire order size will be applied. | ::* '''after every trade'''. Commission is calculated after the entire order is processed. If your order falls on two or more commission levels, commission level corresponding to the entire order size will be applied. | ||
<div style="background-color: #E5F6FF;">Example: | <div style="background-color: #E5F6FF;">Example 3: | ||
Commission rules: | Commission rules: | ||
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The strategy sells 150 contracts - commission = $1.25 | The strategy sells 150 contracts - commission = $1.25 | ||
The strategy buys 3000 contracts - commission = $1.5</div> | The strategy buys 3000 contracts - commission = $1.5</div> | ||
<div style="background-color: #E5F6FF;">Example 4: | |||
Commission rules: | |||
>0 $1 per Trade | |||
>=100 $1.25 per Trade | |||
>=1000 $01.5 per Trade | |||
The strategy buys 60 contracts - commission = $1 | |||
The strategy sells 150 contracts - commission = $1.25 | |||
The strategy buys 3000 contracts - commission = $1.5</div> | |||
::* '''once per day'''. Commission is calculated based on the number of contracts traded from the first calendar day of the month till the end of the previous calendar day for all orders processed during the current day. | ::* '''once per day'''. Commission is calculated based on the number of contracts traded from the first calendar day of the month till the end of the previous calendar day for all orders processed during the current day. | ||
::<div style="background-color: #E3FBE5;">Note: '''Once per day''' option is available only when '''Monthly''' accumulation period is selected in the Calculate Commission list..</div> | ::<div style="background-color: #E3FBE5;">Note: '''Once per day''' option is available only when '''Monthly''' accumulation period is selected in the Calculate Commission list..</div> | ||
<div style="background-color: #E5F6FF;">Example: | <div style="background-color: #E5F6FF;">Example 5: | ||
Commission rules: | Commission rules: |