Non-Display Fees

Discussion in 'Automated Trading' started by kmiklas, Jul 12, 2016.

  1. https://www.sec.gov/rules/sro/nms/2017/34-82071.pdf

    This memo clarifies that non-professionals dont have to pay the fee, and what is and isnt a "professional". So, if you dont work for a firm or trade other people's money then you dont owe the fee even if you never trade manually and only do algo trading.
     
    #11     Aug 24, 2019
    kmiklas likes this.
  2. terr

    terr

    That's great news. The interpretation we saw in this thread was obviously absurd, in that it would charge a non-professional ridiculous fees for use of data in any analytical manner.

    This was published in 2017. Which means all this time non-display fees were really a non-factor.
     
    #12     Aug 24, 2019
    stochastix and kmiklas like this.