Effective Thursday, August 1, 2013, Direct Edge® will introduce the following pricing changes on the EDGX ExchangeSM (EDGX®) and EDGA ExchangeSM (EDGA®), pending filing with the Securities and Exchange Commission (SEC).
Please note that we have updated the layout of our fee schedule for August 1, 2013, but our current rates and criteria applicable to volume tiers remain unchanged (unless noted below).
EDGX Volume Tier Updates
The following volume tiers will be retired from the EDGX Fee Schedule:
- Step-up take Tier as outlined in footnote 2
- ROLF Routing Strategy Tier as outlined in footnote 6
- Investor Tier for a rebate of $0.0030 per share as outlined in the second paragraph of footnote 13
In addition, Members will no longer be reimbursed the difference between the rebate received on EDGX and the rebate they potentially could have received from another exchange when meeting the defined criteria as outlined in the last paragraph of footnote 1.
Refer to the current EDGX Fee Schedule for details.
EDGA Volume Tier Updates
The following volume tiers will be retired from the EDGA Fee Schedule:
- ROLF Routing Strategy Tier as outlined in footnote 6
- Flag Q Tiers as outlined in footnote 16
Refer to the current EDGA Fee Schedule for details.
Flag U Update
The fee per share for Flag U will increase to $0.0030 per share for both EDGA and EDGX to reflect changes to the LavaFlow fee schedule from July.
Flag RW Update
The fee per share for Flag RW will increase to $0.0050 per share for both EDGA and EDGX to reflect changes to the CBSX fee schedule from July.
More Information
- EDGX Fee Schedule for August 2013 (pending filing with the SEC)
- EDGA Fee Schedule for August 2013 (pending filing with the SEC)
