about ecn fees

M

masterwoo

I wonder if I use different platform such as lightspeed and laser from different prop firm, should I get the same ecn fee?

Currently, I am using laser and the ecn fee is 0.0029 per share, if using limit order to adding liquidity, I get rebate.

But I mainly dont like to use limit order, is there any place I can get lower ecn fee?

Are all the ecn fee the same?

Thanks for any input
 
Quote from FroggerMan:

It's different for each exchange.
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Yeah, I know, I mean generally the ecn fees level, for example I am paying 2.9 per 1000 share of my ecn fees everyday, I use bats, arca most time....


I just wonder how much ecn fee you pay everyday of your trading generally, beside your prop firm commission.
 
Quote from masterwoo:

I wonder if I use different platform such as lightspeed and laser from different prop firm, should I get the same ecn fee?

Currently, I am using laser and the ecn fee is 0.0029 per share, if using limit order to adding liquidity, I get rebate.

But I mainly dont like to use limit order, is there any place I can get lower ecn fee?

Are all the ecn fee the same?

Thanks for any input
More...

You need to have access to a smart route that has either a managed route or dark pool route in the mix, where they don't charge you a fee if that's where it's executed. (a managed route sends your order to a market maker that pays for order flow)

Bob
 
call your firm & ask them for advice on what routes you have available that would reduce your cost for execution

learn what routes you have & there cost / is what you should do

there are many routes & different fees & rebates that apply
 
Quote from eusdaiki:

What kind of fees do you get for removing liquidity from BX & EDGA?
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Go to the respective Web sites of the exchanges -- these fees/rebates change frequently. Any info posted here may be out of date before it's even posted.
 
Quote from Occam:

Go to the respective Web sites of the exchanges -- these fees/rebates change frequently. Any info posted here may be out of date before it's even posted.
More...
I know what the exchanges charge (or rebate)
my question is more on the line of whether getting a remove rebate is an option for the guy who opened the thread... :) :D
 
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