Effective Tuesday, November 1, 2011, Direct Edge will make the following pricing changes to the EDGA and EDGX fee schedules upon filing with the SEC.
- The fee to route Directed ISO orders through EDGA or EDGX Exchanges will be reduced to $0.0032.
- A new tier will be introduced for adding liquidity to the EDGA Exchange.
- Firms that both add and also remove more than .25% of the Total Consolidated Volume (TCV) in average daily volume for the month will earn a rebate of $0.0005 per share. Refer to footnote 4 in theEDGA Fee Schedule for more details.
Affected Liquidity Flags:
Flag |
Description |
Rate |
5 |
Customer Internalization – pre & post market, per side |
0.00015 |
S |
Directed ISO Order |
0.0032 |
More Information:
- EDGA Fee Schedule for November 2011 (upon filing with the SEC)
- EDGX Fee Schedule for November 2011 (upon filing with the SEC)
- Complete list of Directed ISO routing strategies.