Direct Edge Trading Notice #13-35: Additional Direct Edge Fee Schedule Changes Effective August 1, 2013

Effective Thursday, August 1, 2013, Direct Edge^® will introduce the following pricing changes on the EDGA Exchange^SM (EDGA^®) and EDGX Exchange^SM (EDGX^®), pending filing with the Securities and Exchange Commission (SEC).

EDGA Add/Remove Rate Update

EDGA will decrease the standard fee for adding liquidity to $0.0005 per share. In addition, EDGA will update the standard rebate for removing liquidity to $0.0002. Pricing for securities trading below $1.00 will remain unchanged. Refer to the EDGA Fee Schedule for the list of standard add and remove flags.

EDGA will also update the Add Volume Tiers to assess a fee of $0.0003 per share for adding liquidity for Members who meet the criteria outlined in footnote 4 of the EDGA Fee Schedule.

EDGA Flag Updates

Flag	Description	Per Share
BY	Routed to BATS BYX Exchange using routing strategies ROUC, ROUE, ROBY, ROBB, or ROCO	($0.0001)
RY	Routed to BATS BYX, adds liquidity	$0.0003

EDGX Flag Updates

Flag	Description	Per Share
BY	Routed to BATS BYX Exchange using routing strategies ROUC, ROUE or ROBY	($0.0001)
RA	Routed to EDGA, adds liquidity	$0.0005
RR	Routed to EDGA using routing strategies IOCX or IOCT	($0.0002)
RY	Routed to BATS BYX, adds liquidity	$0.0003

More Information

Refer to Direct Edge Trading Notice #13-34 for additional fee schedule changes effective August 1, 2013.
EDGX Fee Schedule for August 2013 (pending filing with the SEC)
EDGA Fee Schedule for August 2013 (pending filing with the SEC)