Overview
This Circular is being issued to inform you that in Fee Rate Advisory #3 for Fiscal Year 2014, the SEC announced that effective Tuesday, March 18, 2014, the Section 31 transaction fee rate applicable to securities transactions on the exchanges and over-the-counter markets will increase to $22.10 per million dollars. Until that date, the current rate of $17.40 per million dollars will remain in effect.
BATS BYX Exchange, BZX Exchange, EDGA Exchange and EDGX Exchange
For Equities, BATS will be adjusting the Regulatory Transaction Fee to reflect the new rate of $22.10 per million dollars for trades settling on Tuesday, March 18, 2014, which are all sell transactions on and after the trade date of Thursday, March 13, 2013.
BATS Options Exchange
For Options, BATS will be adjusting the Regulatory Transaction Fee to reflect the new rate of $22.10 per million dollars for trades settling on Tuesday, March 18, 2014, which are all sell transactions on and after the trade date of Monday, March 17, 2014.
For More Information
Please contact the BATS Trade Desk, Direct Edge Trade Desk, or your Director of Sales with any questions. We appreciate your continued support of BATS and look forward to earning more of your business. As always, we are committed to our Members and to Making Markets Better as Your Partner in Trading.
FTSE Mondo Visione Exchanges Index:
Direct Edge Trading Notice #14-09: Regulatory Transaction Fee Rate Adjustment Per SEC Section 31 Rate Change Effective Tuesday, March 18, 2014
Date 06/03/2014