ECN Fees..... What do you pay?

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A question for all the active traders out there, what does the ECN schedule look like at the firm you trade at? No need to post firm name, just the add remove fees for the various routes you have available to you.


EXCH ROUTE ADD REMOVE

NYSE arca .000 .001
inet .001 - .0009
brut .00 .00
brutdot .00 .00
DOT .005 .005

nasdaq arca -.002 .003
inet -.002 .003
brut -.002 .003
trac -.0027 .003
size -.002 .003
attn -.003 .004

Amex arca -.002 .003
inet -.002 .003
brut -.0023 .0027
DOT .0052 .0052

obviously the negative means credit to the trader.
Let compare fellas!
 
ARCA
Fee: $0.003
Rebate: $0.0020
ACT per trade: $0.0314 on OTC-BB only

Listed (non-ETFs): remove liquidity = $0.0010 per share fee, adding liquidity = $0.0000
Odd lots: OTC (excluding OTC-BB) = $0.004, listed securities = $0.0300
A market order, if routed will result in $0.0040 per share
OTC-BB symbols: remove liquidity = $0.0030 per dollar proceeds for stocks < $1 otherwise $0.0030 per share,
adding liquidity = $0.0000

BRUT
Fee: $0.0030
Rebate: $0.0020
ACT per trade: $0.0314 on Listed & ETFs Only
Listed (non-ETFs): Remove liquidity = $0.0007 fee per share, adding liquidity =$0.0000
Market orders for ETFs may be sent by Brut to ITS, incurring a fee of $0.0007 per share. Orders for NYSE-listed securities set with the option "RouteToNYSE=true" will sweep the books of BRUT/INET/SUMO and if not filled, be routed to DOT where the execution is $0.0000 as long as the trade is not billable by the specialist.

B-Trade
Fee: $0.003
Rebate: $0.00
ACT per trade: $0.0314 on Listed & ETFs Only
Remove liquidity min of $0.25 per trade

INET
Fee: $0.003
Rebate: $0.002
ACT: none

Listed (non-ETFs): Remove liquidity = $0.0007 fee per share, adding liquidity = free

TRAC
Fee: $0.0025
Rebate: $0.0023
ACT: None

If counterparty was via SUMO, add liquidity = $0.0027 and remove via SUMO = $0.0030

SUMO
No Access Fee $0.0030
ECN Access Fee $0.0010
Rebate: $0.0020
ACT: $0.0314 on Listed & ETFs Only

Listed (non-ETFs): Remove liquidity = $0.0007 fee per share
Nasdaq charges $0.0010 for accessing liquidity at one of the following ECNs in addition to the fee as follows (per share): BATS = $0.0026, BTRD = $0.0030 (min of $0.25), EDGX = $0.0030, NTRD = $0.0031, TRAC = $0.0030

Makret-on-Open, Limit-on-Open and any order that exectues in the Opening Cross = $0.0005, Market-on-Close and Limit-on-Close = $0.0005


Jefferies (NYSE & AMEX)
Billable $0.0090
Non-Billable $0.0004

Goldman Sachs (NYSE & AMEX)
Billable $0.0090
Non-Billable $0.0004

GSAT
Listed $0.0040
OTC $0.0080
 
Quote from stephencrowley:

ARCA
Fee: $0.003
Rebate: $0.0020
ACT per trade: $0.0314 on OTC-BB only

Listed (non-ETFs): remove liquidity = $0.0010 per share fee, adding liquidity = $0.0000
Odd lots: OTC (excluding OTC-BB) = $0.004, listed securities = $0.0300
A market order, if routed will result in $0.0040 per share
OTC-BB symbols: remove liquidity = $0.0030 per dollar proceeds for stocks < $1 otherwise $0.0030 per share,
adding liquidity = $0.0000

BRUT
Fee: $0.0030
Rebate: $0.0020
ACT per trade: $0.0314 on Listed & ETFs Only
Listed (non-ETFs): Remove liquidity = $0.0007 fee per share, adding liquidity =$0.0000
Market orders for ETFs may be sent by Brut to ITS, incurring a fee of $0.0007 per share. Orders for NYSE-listed securities set with the option "RouteToNYSE=true" will sweep the books of BRUT/INET/SUMO and if not filled, be routed to DOT where the execution is $0.0000 as long as the trade is not billable by the specialist.

B-Trade
Fee: $0.003
Rebate: $0.00
ACT per trade: $0.0314 on Listed & ETFs Only
Remove liquidity min of $0.25 per trade

INET
Fee: $0.003
Rebate: $0.002
ACT: none

Listed (non-ETFs): Remove liquidity = $0.0007 fee per share, adding liquidity = free

TRAC
Fee: $0.0025
Rebate: $0.0023
ACT: None

If counterparty was via SUMO, add liquidity = $0.0027 and remove via SUMO = $0.0030

SUMO
No Access Fee $0.0030
ECN Access Fee $0.0010
Rebate: $0.0020
ACT: $0.0314 on Listed & ETFs Only

Listed (non-ETFs): Remove liquidity = $0.0007 fee per share
Nasdaq charges $0.0010 for accessing liquidity at one of the following ECNs in addition to the fee as follows (per share): BATS = $0.0026, BTRD = $0.0030 (min of $0.25), EDGX = $0.0030, NTRD = $0.0031, TRAC = $0.0030

Makret-on-Open, Limit-on-Open and any order that exectues in the Opening Cross = $0.0005, Market-on-Close and Limit-on-Close = $0.0005


Jefferies (NYSE & AMEX)
Billable $0.0090
Non-Billable $0.0004

Goldman Sachs (NYSE & AMEX)
Billable $0.0090
Non-Billable $0.0004

GSAT
Listed $0.0040
OTC $0.0080
More...

quick question...

what is GSAT?

mnx
 
Note that INET/BRUT/Naz fees are all the same now, and have changed significantly effective Feb 1st. ARCA fees have also changed, effective January 31st.

I tried reading the new schedules, and got a headache. In particular, the ARCA sched seems to say that rebates only go to MMs now, which seems hard to believe. They also may or may not have dropped the $0.03 fee for listed odd-lots to $0.003.
 
The list I posted is from my broker which is pure passthru.. so that should be accurate.

I don't think ARCA rebates only go to MMs because I am certainly not a MM.

Also, it doesn't appear the 0.03 fee for odd-lot listed has changed.

Odd lots: OTC (excluding OTC-BB) = $0.004, listed securities = $0.0300
More...

Quote from alanm:

Note that INET/BRUT/Naz fees are all the same now, and have changed significantly effective Feb 1st. ARCA fees have also changed, effective January 31st.

I tried reading the new schedules, and got a headache. In particular, the ARCA sched seems to say that rebates only go to MMs now, which seems hard to believe. They also may or may not have dropped the $0.03 fee for listed odd-lots to $0.003.
More...
 
Thanks for the response Steve!

My take on the rate changes as of Feb are :

No changes to Naz

NYSE- Inet, Brut are now .50/k rebate to add .70/k charge to remove. Arca stays the same 0 rebate to add 1.00/k to remove.
Brutdot is free to remove if you allow sweep of INET and BRUT books first and you don't get filled and it makes it to the specialist. You have choice to use Brutdot without sweeps but you then pay a fee to use the DOT line and avoid the sweeps.

ETF's - This is the biggest change- INET and BRUT fees are now basically the same as Naz. 2.00/ k credit to add, 3.00/K charge to remove.

Ah the joys of trading for a living, everything is constantly changing.
 
That assumes that your broker gives you the higher volume tier rates, which at least one major broker did not (at least not initially).
 
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