Does IB offer ECN rebates?

Discussion in 'Retail Brokers' started by Stok, Apr 14, 2010.

  1. Stok


    I looked, couldn't find anything. I rarely trade stocks, and use SMART routing when I do...BUT certain ECN's offer rebates for adding liquidity, don't they? Does IB have a program like that?
  2. I asked that to one of their sales rep once, they said that they did. Did not verify since I didn't open an account with them in the end.
  3. Yes, of course they do. Look under unbundled rates.
  4. Stok


    Ah..I see it. Ok, so for example, under Island...if I add liquidity I get a rebate of $0.0025...that correct? So for 1000 shares, I get back $2.50? If I take liquidity I get charged $3....Am I looking at this right?