ECN Fees and Exchange Fees

Discussion in 'Educational Resources' started by offthe floor, Nov 30, 2006.

  1. Where can I get a complete breakdown of all the ECN and Exchange routing fees.

    Please include orders routed to: (also order types: mkt, limit)

    NYSE - New York
    ARCA
    ARCA=
    Island
    BRUT
    CHX - Chicago Stock Exchange
    AMEX
    BOSTON
    PCoast
    or any others

    I just want to get a real clear what i will be paying depending where I send my orders to and the types of orders that are sent.

    Hopefully, a good consolidation of this information exists.

    Thank you,
     
  2. I assume you understand that you get rebates for placing limit orders on most of the ECNs. If not they are listed below. Most of the ECNs only charge you for market orders. You might get higher rebates/lower charges than those listed below if your firm passes through to their traders the volume discounts they may hitting each month. Most of these rebates and charges are posted by the various ECNs on their websites and should be close to what you are paying/receiving. Your firm is getting these rebates on your limit orders and paying these charges for your market orders made on the ECNs, if you are not.

    Your NYSE and regional exchange fees can vary also since it depends on what the line provider is charging your firm.

    Limit order= add, market order=remove

    ...................NYSE........................NASDAQ....................AMEX......
    ECN......... Add / Remove.......... Add / Remove.......... Add / Remove ____________________________________________________
    ARCA....... 2.00 (3.00).............. 2.00 (3.00).............. 2.00 (3.00)
    ARCA Rte..0.00 (1.00)..............0.00 (4.00)...............0.00 (1.00)
    ISLD.........0.00 (1.50).............. 2.00 (3.00)...............0.00 (1.50)
    BTRD........(1.00)0.00............... 1.00 (3.00)...............(1.00)0.00
    EDGA........................................2.60 (3.00)................................
    EDGX....... 0.60 (0.70).............. 2.50 (3.00)...............0.60 (0.70)
    TRAC........................................2.50 (2.60).................................
    SOES.......................................0.00 (3.00).................................
    NYSE........(0.275)(0.275).........................................(0.275)(0.275)
    Chicago....(3.00)(3.00)............................................(3.00)(3.00)
    Boston.....(3.00)(3.00).............................................(3.00)(3.00)
    Cincy........(3.00)(3.00).............................................(3.00)(3.00)
    Philly........(3.00)(3.00).............................................(3.00)(3.00)
     
  3. bats ecn i think it´s 2.5 (2.6) batstrading.com
     
  4. mnx

    mnx