Discussion in 'Order Execution' started by NYSEMAN, Feb 25, 2012.
Best Adding Liquidity Rebate (ECN) Today?
Assuming you're not super tiered ...
BATS.... Hands down. And there volume has seriously increased over the years.
Isn't NSX very slightly better?
Just noticed that BATS charges the same fee to remove as it gives to add (0.0029)...
Did I read that right? How are they making money if there's no spread between givers/takes of liquidity?
Only their highest volume customers will get the .0029 rebate, most people will get .0025 for adding.
Ahhh.. there's the catch. And that makes a lot more sense now.
I was just noticing the rate they posted on their website's main page, which doesn't go into that level of detail.
I'm not reading the website... but I think you get an extra .0002 if you are the NBBO setting
Of course I know of know prop firm that actually pays that out. They usually just keep that extra w/ out telling you
Mm... so if you add to the current inside quote (NBBO) then you'll get the extra amount?
Interesting.. I know what I'm checking tomorrow morning at the firm.
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