Best Adding Liquidity Rebate (ECN) Today?

Discussion in 'Order Execution' started by NYSEMAN, Feb 25, 2012.

  1. NYSEMAN

    NYSEMAN

    Best Adding Liquidity Rebate (ECN) Today?
     
  2. Assuming you're not super tiered ...


    BATS
     
  3. NYSEMAN

    NYSEMAN

    Thanks!
     
  4. BATS.... Hands down. And there volume has seriously increased over the years.
     
  5. evo34

    evo34

    Isn't NSX very slightly better?
     
  6. 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?
     
  7. zigzag

    zigzag


  8. 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.
     
  9. 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
     
  10. 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.


    *evil laughs*
     
    #10     Mar 4, 2012