Effective Wednesday, May 1, 2013, Direct Edge® will introduce the following updates to the BY and RY Flags on EDGA Exchange (EDGA®) and EDGX Exchange (EDGX®), pending filing with the Securities and Exchange Commission (SEC). There will be no changes to securities trading below $1.00.
EDGA Updates
|
Flag |
Description |
Fee/(Rebate) Securities at or above $1.00 |
|
BY |
Routed to BATS BYX Exchange using routing strategies ROUC, ROUE, ROBY, ROBB, or ROCO |
(0.0005) |
|
RY |
Routed to BATS BYX, add liquidity |
0.0007 |
EDGX Updates
|
Flag |
Description |
Fee/(Rebate) Securities at or above $1.00 |
|
BY |
Routed to BATS BYX Exchange using routing strategies ROUC, ROUE or ROBY |
FREE |
|
RY |
Routed to BATS BYX, add liquidity |
0.0007 |
More Information
- EDGX Fee Schedule for May 2013 (pending filing with the SEC)
- EDGA Fee Schedule for May 2013 (pending filing with the SEC)
