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Direct Edge Exchange Fees

Remove Liquidity 1 Add Liquidity 2
NASDAQ >= $1.00 per share USD 0.0030 USD (0.0016)
NASDAQ < $1.00 per share Trade value * 0.003 USD (0.00003)
AMEX >= $1.00 per share USD 0.0030 USD (0.0016)
AMEX < $1.00 per share Trade value * 0.003 USD (0.00003)
NYSE >= $1.00 per share USD 0.0030 USD (0.0016)
NYSE < $1.00 per share Trade value * 0.003 USD (0.00003)
Pre and Post Market, >= $1.00 per share USD 0.0030 USD (0.0016)
Pre and Post Market, < $1.00 per share Trade value * 0.0003 USD (0.00003)
Displayed order subject to price sliding that receives price improvement >= $1.00 per share N/A USD 0.0000
Displayed order subject to price sliding that receives price improvement < $1.00 per share N/A USD 0.0000
Non-Displayed Orders >= $1.00 per share N/A USD (0.0008)
Non-Displayed Orders < $1.00 per share N/A USD 0.0000
Non-displayed order that receives price improvement >= $1.00 per share N/A USD 0.0000
Non-displayed order that receives price improvement < $1.00 per share N/A USD 0.0000
Midpoint Match, Add Liquidity >= $1.00 per share N/A USD (0.0008)
Midpoint Match, Add Liquidity < $1.00 per share N/A USD 0.00
At-the-Open >= $1.00 per share USD 0.0010 USD 0.0010
At-the-Open < $1.00 per share USD 0.0000 USD 0.0000
Retail Order, Pre and Post Market < $1.00 per share N/A USD (0.00003)
Retail Order, Pre and Post Market >= $1.00 per share N/A USD (0.0032)
Retail Order, Remove Liquidity < $1.00 per share Trade Value * 0.003 N/A
Retail Order, Remove Liquidity >= $1.00 per share USD 0.0030 N/A
Retail Order, Add Liquidity < $1.00 per share N/A USD (0.00003)
Retail Order, Add Liquidity >= $1.00 per share N/A USD (0.0032)
Retail Order, Day RHO or GTX, remove liquidity on arrival < $1.00 per share USD 0.0000 N/A
Retail Order, Day RHO or GTX, remove liquidity on arrival >= $1.00 per share USD 0.0000 N/A
Routed >= $1.00 per share USD 0.0030 USD 0.0030
Routed < $1.00 per share Trade Value * 0.003 Trade Value * 0.003

Notes:

  • Rebates are in parentheses.
  1. Orders that are immediately executed against an existing bid or offer on an exchange's or ECN's order book.
  2. Adding an order to an exchange or ECN's order book before being executed.