Commentary

Sachin Barot
Traders Magazine Online News

Cannabis Corner: Part 2 - Cannabis in America – A Winding Journey

In this second part of our exclusive Cannabis Corner series, CERESLabs Barot delves into the beginnings of the cannabis market in the US, then onto its criminalization and to the present where its rapidly becoming legal.

Traders Poll

Is your trade cost analysis (TCA) tool meeting your needs?



Free Site Registration

June 20, 2005

Bargain Basement Trading

By Gregory Bresiger

The cost of conducting business will decline a bit beginning in October. That's because Section (31) fee rates will be going down this fall by about 27 percent. They will decline from $41.80 per million dollars to $30.70, according to the Securities and Exchange Commission.

The Section (31) fee-which generally applies to exchanges and over-the-counter markets-is used to finance the costs of regulation. It was reformed several years ago to ensure that the fee didn't take in more money than was needed to fund regulatory costs.

When trading volume is rising, the rate usually can be cut. And when the reverse happens, it usually rises, according to a spokesman for the Securities Industry Association.

"The rate cut shows that the system is working and that firms aren't paying more than they should," he added."And that's a good thing."