NQBX New pricing

Discussion in 'Order Execution' started by wheelndeal, Jan 10, 2011.

  1. Effective January 3rd NQBX will pay $1.40 per 1000 for REMOVING liquidity and charge $1.80 per 1000 for ADDING.

    Overall very good pricing for traders that go in between bids,definetly will help with margins.

  2. Occam


    I'll be interested in seeing whether they can get significant volume. That looks even higher than payment-for-order-flow arrangements, which are supposedly around .001/sh.

    If it takes volume from PFOF, great -- I hope to see something break the stranglehold the 5 big payment-for-order-flow firms have on retail volume, as most "mainstream" retail orders never even hit an exchange without the PFOF oligopoly having the right of first refusal.