Commision Question
This is purely out of curiosity for an Intern who hasnt yet to be on a desk. What is the industry standard for commision that firms charge their instituitional clients for trades? I have heard 5 basis points. Not sure if that is correct or not? Also does it vary for equities vs fixed, vs derivatives etc? Again purely out of curiosity but would love to know how the commision structure works.
Cheers,
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