Hi Elite Traders, I've been using SMARTEDGE/EDGX/NSDQ to remove liquidity for years and earning some benifits. What about yours? Waiting and appreciating for your sharing. Let's check the BEST ECN/ROUTE to remove liquidity!
I don't know much about the detail of brokers.The broker I use is just a secondary one.The expensive fees have puzzled me for a long time.Do you have any tips of it?
BATSY, 0.0016 to remove liquidity. The fill rate probably sucks, which makes a bigger deal for me than the kickback. http://cdn.batstrading.com/resources/regulation/rule_book/BYX_Fee_Schedule.pdf
This is only true if you take liquidity on BATS-Y, if the stock has no shares offered there and BATS-Y reroute you to other exchanges/ECN, you will pay the standard .003ish regarless of where the order goes to