Direct Edge Update: Fee Schedule Changes On EDGX And EDGA Effective November 1, 2011

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:

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.