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Re: phoenixdove post# 21787

Tuesday, 05/15/2012 5:46:32 PM

Tuesday, May 15, 2012 5:46:32 PM

Post# of 330384
Phoenixdove & Dubb10 - Thanks a lot, but I knew that about E-Trade and numerous other firms, have a couple friends using them exclusively. I do some e-mini trades on the S&P Index and other trading and I prefer to deal with the firm I've dealt with for many years. I rely on them for technicals and their researchers. Also been involved corporately with the senior people on a couple of underwritings. It's a personal thing, even though I pay a premium, I'm happy and I suspect they cut me a deal because of the relationship - they know I can go elsewhere and that I would not. The extra fees I paid to clear BIEL were mostly out-of-pocket for them. I also experienced very little harm during the crash because of them. Just good luck, rather than good planning, but there you are.

To recap - there's the answer from Phoenixdove - E-Trade does not charge extra to have BIEL trades settled/cleared.