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Effective Wednesday, May 1, 2013, EDGX Exchange (EDGX®) will introduce a reduced fee to remove and route for Members that qualify for the $0.0035 rebate on the Mega Tier, pending filing with the Securities and Exchange Commission (SEC). Members that qualify for the Mega Tier by adding or routing at least two million shares in average daily volume (ADV) prior to 9:30 a.m. or after 4:00 p.m. and that also add a minimum of 35 million shares overall, including pre- and post-trading hours, will qualify for a reduced fee of $0.0020 per share when removing or routing liquidity that yield the flags 6, BB, N, PI, ZR, W, 7, and RT. Refer to footnote 1 in the EDGX Fee Schedule for additional details.
More Information
- Refer to Direct Edge Trading Notice #13-17 for additional fee schedule changes effective May 1st.
- EDGA Fee Schedule for March 2013 (pending filing with the SEC)
- EDGX Fee Schedule for March 2013 (pending filing with the SEC)
