CBSX Inverts Pricing in Citigroup and a few other symbols
August 13, 2010
"CBSX is inverting its liquidity rebate for the following stocks, when trading above $1: BAC, C, DXD, EMC, EWJ, F, FAX, FAZ, GE, INTC, MOT, MSFT, MU, NOK, Q, QID, S, SIRI, SKF, T, TWM, UNG, UWM, XLF. There will be a REBATE for taking liquidity ($0.90 per 1000 shares) and a FEE for adding liquidity ($2.30 per 1000 shares). The new pricing only applies to the symbols above. "
Can anyone confirm this? is this ECNs' attempt to boycott against HFT?
August 13, 2010
"CBSX is inverting its liquidity rebate for the following stocks, when trading above $1: BAC, C, DXD, EMC, EWJ, F, FAX, FAZ, GE, INTC, MOT, MSFT, MU, NOK, Q, QID, S, SIRI, SKF, T, TWM, UNG, UWM, XLF. There will be a REBATE for taking liquidity ($0.90 per 1000 shares) and a FEE for adding liquidity ($2.30 per 1000 shares). The new pricing only applies to the symbols above. "
Can anyone confirm this? is this ECNs' attempt to boycott against HFT?