ARCA - $.0035 per share to remove liquidity, -$.0015 to add ATTN - $.01 to remove (which is obscene), -$.00 to add (also obscene) BRTD - $.006 remove, -$.0005 add BRUT - $.0035, -$.0015 GNET - $.02 (practically a commission), -$.00 INCA - $.0035, -$.0015 ISLD - $.0035, -$.0015 NRTD - $.01, -$.00 REDI - $.004, -$.00 SIZE - $.0040, -$.001 TRAC - $.0035, -$.015 SOES Per share fee: $.004 SNET Per share fee: $.004 SNET Cancel: $.11/cancel SNET Order: $.11/cancel SOES Cancel: $.00/cancel SOES Order: $.00/order NYSE - LISTED ECN FEES ARCA $.0035, -$.0015 BRUT $.0035, -$.015 INCA $.0035, $.00 ISLD $.0025, $.00
Is therel a 11cent cancel fee? I never heard of that. Seems like that would work against an exchange. I mean, they make money from order flow and having people put orders in so a cancel fee would discourage that.
There are no cancel fees on the ECNs. There is a fee to cancel a SOES order once its sent into the system. So if you get charged cancels on ecns - your firm is lining their pockets!