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Effective Monday, April 1 2013, Direct Edge® will introduce the following pricing changes, pending filing with the Securities and Exchange Commission (SEC).
Growth Tier on EDGX
EDGX Exchange (EDGX®) will introduce a new tier called the Growth Tier. Any Member who adds five million shares or more average daily volume (ADV) on a monthly basis will qualify for an increased rebate of $0.0025 per share. Flags that qualify for the discounted rate for MPIDs that meet the criteria are B, V, Y, 3 and 4.
Update to the Retail Volume Tier on EDGX
EDGX will update the criteria to qualify for the Retail Volume Tier. Effective April 1, 2013, any Member who adds 0.10% or more of TCV in ADV using the Retail Order Designation (returning the ZA flag) will qualify for the increased rebate of $0.0034 per share.
More Information
- EDGX Fee Schedule for April 2013 (pending filing with the SEC)
