201: Hayden Beamish – The Legwork, Execution and Management of Institutional Investments
Chat With Traders
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The Commission Sharing Agreement
The way brokers get paid obviously is commission but they get paid for their services through commission. What's what you're seeing more now is commission sharing arrangement where one broker will put their hand up and say we'll take all the orders so they're almost like an in-house trader for you. Out of that commission that you pay them they would take a certain amount say hypothetically a quarter of the commission and three quarters of it goes into a commission pool. So our broker who gets all of our orders will send a check to to whatever broker we ask him to at the end of the month so it's just a way of it doesn't change how anything works but it's sort of you
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