If you are an institution, click below to learn more about our offerings for Proprietary Trading Groups and other Global Market Accounts.

Automatic Billing Methods and Examples

Percent of Net Liquidation Value

Description: Percentage of Net Liquidation Value entered as an annualized percentage, applied on a daily basis (252 business days are applied in this calculation method).

Assumption: You specify 5% of Net Liquidation Value as an annualized percentage, and your client’s previous day ending-equity is $100,000.

Calculation: Your advisor client fees for the given day will be: 5%*$100,000/252=$19.84.




Flat Fee

Description: Flat fee entered as an annualized amount, applied on a daily basis (apportioned by 252 days).

Assumption: You specify $1,000 as an annual flat fee for your client.

Calculation: Your advisor client fees daily payment will be: $1,000/252=$3.97.




Percent of Annual P+L

Description: Percentage of Annual Positive P+L entered as an annualized percentage, applied on an annually basis as of 12/31.

Assumption: You specify 20% of annual positive P+L as your advisor client fees, and you made $50,000 in P+L for your client for that year.

Calculation: Your advisor client fees would be: $50,000*20%=$10,000.




Percent of Market-to-Market P+L

Description: Percentage of Positive Market-to-Market P&L entered as a percentage, applied on a quarterly basis as of 3/31, 6/30, 9/30, and 12/31.

Assumption: As an example, if you specify 2% of Market-to-Market P+L, you made $50,000 in P+L for the last quarter.

Calculation: Your client will be charged $50,000*2%=$1,000 for the quarter.