5 ms·Well it's a great way for the average investor to get destroyed by transaction fees.by hkmurakami 13y agoWell it's a great way for the average investor to get destroyed by transaction fees.ramchip 13y agoWhy would, say, a VWAP order cause more fees than the equivalent limit orders?U2EF1 13y agoI guess his understanding is that trading algorithmically means trading a lot (it doesn't); at low volumes transaction costs dominate.