Hi, Paul.

PE> PE> I think you'll find that the Australian broking houses have to
PE> PE> pay something like $25 for every single trade that your single
PE> PE> order takes.  BFN.  Paul.

PE> MT>      Is that the cost to them of executing the order or is it a
PE> MT>      fee they pay to ASX?  That doesn't leave them much from a
PE> MT>      minimum order does it?   ....  Maurice.

PE> I don't know, Frank told me, so he'll have to pop in to answer
PE> that one.  BFN.  Paul.

According to our admin people, the cost of producing a contract note is
something like $25 or $30, including all the people who have to do
things to get it out, computer charges from the service provider,
checking, postage, etc.

I would be very surprised if that was in fact the marginal cost of
producing 1 extra contract note though. Producing two hundred contract
notes a day may cost $5,000, but I bet 201 doesn't cost $5,025.

But you go broke if you price at marginal cost.

Regards, FIM.

 * * Humpty Dumpty DOS - Just a shell of himself.
@EOT:

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