An Example of Rebate
|June 28, 2012||Posted by Oddmund Grotte under trading topics|
Some weeks a go I wrote about rebate trading. To better illustrate this I will show you a copy of my P/L sheet showing it:
In row 1 the gross profit is 18 USD, commission is 0.4, ECN fee (rebate) is minus 0.84 (I receive 84 cents), SEC fees are 0.177, other fees are 0.0886. Total profits is 18.17 USD. So on this trade I added liquidity and received 17 cents in addition to my original 18 in profits. Row 6 is also an example of adding liquidity.
In row 2 you can see the opposite. There I paid to remove liquidity.