Mondo Visione Worldwide Financial Markets Intelligence

FTSE Mondo Visione Exchanges Index:

Direct Edge Trading Notice #12-11: Transaction Pricing Changes Effective March 1, 2012

Date 27/02/2012

Direct Edge is introducing the following fee schedule changes for effective March 1, 2012, upon filing with the Securities and Exchange Commission (SEC).

EDGX

Direct Edge is introducing new rebate tiers for trading Tape B securities on EDGX. 

  • Members will be eligible for a $0.0034 rebate per share for liquidity added on EDGX if they:
    • Post greater than or equal to .10% of the Total Consolidated Volume (TCV) in Average Daily Volume (ADV) more than their January 2012 ADV added to EDGX
      and
    • Post greater than or equal to .10% of the TCV in ADV in Tape B securities more than their January 2012 ADV added to EDGX.
  • Members will be eligible for a $0.0030 rebate per share for liquidity added on EDGX if they:
    • Post greater than or equal to .05% of the TCV in ADV more than their January 2012 ADV added to EDGX
      and 
    • Post greater than or equal to .05% of the TCV in ADV in Tape B securities more than their January 2012 ADV added to EDGX 

Direct Edge is also introducing a $0.00015 per share rebate (Flag E) for Members who internalize more than 4% of their ADV on EDGX (added, removed and routed liquidity). 

New Enhancements

Coming soon, Direct Edge will be introducing new functionality that will require several new liquidity flags.  

  • Mid-Point Route (RMPT) – Members will be able to probe mid-point liquidity at select CLC participants and exchanges via EDGA.
  • Post to Away Markets – Members will have the option to route via EDGA or EDGX and post any remainder on other exchanges and ECNs. 

See the EDGA Fee Schedule effective March 1, 2012 for details. 

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