Which ECNs still exist?

qazmax · Apr 16, 2004

ARCA
INET
TRAC
BTRD
BRUT

Is this all that is left?

dnaj65000 · Apr 16, 2004

Do you know where I can find the rebate costs for the ECNs that you listed?

JoeTitzer · Apr 16, 2004

INST... what happened to INCA?

AnonymousTrader · Apr 16, 2004

Quote from JoeTitzer:

INST... what happened to INCA?

Instinet bought Island. INCA + ISLAND = INET nowadays

Epsilon · Apr 16, 2004

Quote from qazmax:

ARCA
INET
TRAC
BTRD
BRUT

Is this all that is left?

SIZE

NASDAQ's own ECN

SammySOESa · Apr 16, 2004

Quote from dnaj65000:

Do you know where I can find the rebate costs for the ECNs that you listed?

ARCA - $.0035 per share to remove liquidity, -$.0015 to add
ATTN - $.01 to remove (which is obscene), -$.00 to add (also obscene)
BRTD - $.006 remove, -$.0005 add
BRUT - $.0035, -$.0015
GNET - $.02 (practically a commission), -$.00
INCA - $.0035, -$.0015
ISLD - $.0035, -$.0015
NRTD - $.01, -$.00
REDI - $.004, -$.00
SIZE - $.0040, -$.001
TRAC - $.0035, -$.015

SOES Per share fee: $.004
SNET Per share fee: $.004
SNET Cancel: $.11/cancel
SNET Order: $.11/cancel
SOES Cancel: $.00/cancel
SOES Order: $.00/order

NYSE - LISTED ECN FEES

ARCA $.0035, -$.0015
BRUT $.0035, -$.015
INCA $.0035, $.00
ISLD $.0025, $.00

H2O · Apr 16, 2004

Quote from SammySOESa:

ARCA - $.0035 per share to remove liquidity, -$.0015 to add
ATTN - $.01 to remove (which is obscene), -$.00 to add (also obscene)
BRTD - $.006 remove, -$.0005 add
BRUT - $.0035, -$.0015
GNET - $.02 (practically a commission), -$.00
INCA - $.0035, -$.0015
ISLD - $.0035, -$.0015
NRTD - $.01, -$.00
REDI - $.004, -$.00
SIZE - $.0040, -$.001
TRAC - $.0035, -$.015

SOES Per share fee: $.004
SNET Per share fee: $.004
SNET Cancel: $.11/cancel
SNET Order: $.11/cancel
SOES Cancel: $.00/cancel
SOES Order: $.00/order

NYSE - LISTED ECN FEES

ARCA $.0035, -$.0015
BRUT $.0035, -$.015
INCA $.0035, $.00
ISLD $.0025, $.00

Outdated....

Epsilon · Apr 16, 2004

Quote from H2O:

Outdated....

Or simply his firm is marking up/marking down

dnaj65000 · Apr 16, 2004

Quote from Epsilon:

Or simply his firm is marking up/marking down

Is therel a 11cent cancel fee? I never heard of that. Seems like that would work against an exchange. I mean, they make money from order flow and having people put orders in so a cancel fee would discourage that.

Epsilon · Apr 16, 2004

Quote from dnaj65000:

Is therel a 11cent cancel fee? I never heard of that. Seems like that would work against an exchange. I mean, they make money from order flow and having people put orders in so a cancel fee would discourage that.

There are no cancel fees on the ECNs. There is a fee to cancel a SOES order once its sent into the system. So if you get charged cancels on ecns - your firm is lining their pockets!