How much do Brokerages get on Option ECN Rebates? BATS, CBOE?

R

RabidTrader

I traded a ton of Twitter Calls and am trying to get another Brokerage to reduce my per-contract rate. I don't use ECNs to sell Market Orders, only use their Auto System because the ECNs are bad.

Can you tell me what the rebates on BATS, CBOE, AMEX, ISE? When you trade 1000 Calls back and forth and provide liquidity, I think I deserve a lower rate. Thank you!
 
rabidtrader,

From past posts, it looks like you have chosen retail accounts that provide low commissions but subsidize them with smart routes and pfof. You need to choose a broker that wil offer you DMA and pass though those credits. However if you take liquidity a lot, those trades will cost more. Having the ability to choose on each trade either a smart route or DMA will suit you.

I can send you a current option exchange list of fees/rebates if you email me directly.
 
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