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847-776-0300

Please note the following:

  • All interdealer broker transaction commissions are negotiable;
  • RW Smith accepts additional commission from clients, as specifically directed by the client on a trade-for-trade basis;
  • RW Smith has a $100 ticket minimum, unless otherwise negotiated on a trade-for-trade basis;
  • Commissions on short paper (24 months or less) may differ from the stated guidelines below, and is dependent on both the par value of the item and the maturity date of the security.

BID WANTED COMMISSION GUIDELINE


From To Standard Max
1 9 2 pts 2 pts
10 24 1 pt 1.5 pts
25 49 1/2 pt 1 pt
50 99 1/4 pt 1/2 pt
100 499 1/8 pt 3/8 pt
500 999 1 dollar 1/4 pt
1000 4999 1 dollar  0.2 pts

RW Smith's trading system is programmed to use the STANDARD  commission guideline as our default.

SITUATION TRADING COMMISSION GUIDELINE (OFFERINGS)


From To Standard Max
1 9 2 pts 2 pts
10 24 1 pt 1.5 pts
25 49 1/2 pt 1 pt
50 99 1/4 pt 1/2 pt
100 499 1/8 pt 3/8 pt
500 999 60 cents 1/4 pt
1000 UP 60 cents 0.2 pt

 

 

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