Routing Fees

Venue Add Liquidity Take Liquidity Outbound Shares
Venue: SPTD SMART Add Liquidity: $0.0030 Take Liquidity: $0.0030 Outbound Shares: $0.0030
Venue: ARCA Add Liquidity: ($0.0005) Take Liquidity: $0.0045 Outbound Shares: $0.005
Venue: CUGX Add Liquidity: $0.0055 Take Liquidity: $0.0055 Outbound Shares: $0.0055
Venue: CUTC (Citadel) Add Liquidity: $0.0055 Take Liquidity: $0.0055 Outbound Shares: $0.0055
Venue: CUTD Add Liquidity: $0.0055 Take Liquidity: $0.0055 Outbound Shares: $0.0055
Venue: CUTP (NITEFAN) Add Liquidity: $0.0055 Take Liquidity: $0.0055 Outbound Shares: $0.0055
Venue: CUTR Add Liquidity: $0.0030 Take Liquidity: $0.0030 Outbound Shares: $0.0030
Venue: EDGA Add Liquidity: $0.0015 Take Liquidity: $0.0045 Outbound Shares: $0.0045
Venue: EDGX Add Liquidity: $0.0015 Take Liquidity: $0.0045 Outbound Shares: $0.0045
Venue: HELIX Add Liquidity: $0.003 Take Liquidity: $0.003 Outbound Shares: $0.003
Venue: INET Add Liquidity: ($0.0005) Take Liquidity: $0.0045 Outbound Shares: $0.0045
Venue: ITG Add Liquidity: $0.0015 Take Liquidity: $0.0015 Outbound Shares: $0.0015
Venue: PDQ ATS Add Liquidity: $0.0015 Take Liquidity: $0.0015 Outbound Shares: $0.0015
Venue: POST Add Liquidity: $0.0030 Take Liquidity: $0.0030 Outbound Shares: $0.0030
Venue: SPDRX Add Liquidity: $0.0030 Take Liquidity: $0.0030 Outbound Shares: $0.0030
Venue: XALL Add Liquidity: $0.0065 Take Liquidity: $0.0065 Outbound Shares: $0.0065
Venue: XDAG Add Liquidity: $0.0045 Take Liquidity: $0.0045 Outbound Shares: $0.0045
Venue: XDRKI Add Liquidity: $0.0035 Take Liquidity: $0.0035 Outbound Shares: $0.0035

Routing Fees (OTCBB)

VENUE FEE (Per Trade)
VENUE: LAFC FEE (Per Trade): $4.00
VENUE: PBBB FEE (Per Trade): $4.00
VENUE: PSFL FEE (Per Trade): $4.00
VENUE: ASCM FEE (Per Trade): $4.00
VENUE: AEXGD FEE (Per Trade): $4.00
Venue Add Liquidity Take Liquidity Outbound Shares
Venue: DKMX (OTCBB) Per Share Add Liquidity: $0.0018 Take Liquidity: $0.0018 Outbound Shares: $0.0018
Venue: HELIX (OTCBB) Per Share Add Liquidity: $0.0018 Take Liquidity: $0.0018 Outbound Shares: $0.0018
Venue: ARCAU (OTCBB) Per Share Add Liquidity: $0.0045 Take Liquidity: $0.0045 Outbound Shares: $0.0055

 

If necessary, we reserve the right to charge or adjust for venue, routing, or exchange fees based on vendor changes in routing rates. We reserve the right to mark up or adjust any routing fees at our sole discretion. Clients trading on per ticket rates are not eligible for ECN rebates unless agreed to in writing by management. We do receive payment for order flow when routing certain equity and options orders with specific routes or market centers, more information available upon request. There may be other routes available that are not listed here, which may charge a fee. You should always call and check the fee on any route before using it.

There is also Section 31 regulatory fee of $0.0000218 of the total dollar amount of securities sold. This fee is assessed for all SELL orders and is added to any total commissions charged. (as of February 18,2016)

There is an FINRA TAF fee 0.000119 per share of securities sold with a maximum of $5.95 per trade. This fee is assessed for all SELL orders and is added to any total commissions charged. (as of 7/1/2012)

Any hard to borrow short locate fees will be passed onto the client, these fees will vary.

Certificate and DWAC deposits and transfers may incur substantially higher fees based on various factors that are not listed on this page.

Clients cannot trade any foreign stocks trading is U.S. dollars. These stocks are generally 5 letter stock symbols ending in F. If a client does trade a foreign stock ending in F, there will be a foreign stock charge, as incurred per symbol per day. There will also be interest of 6 basis points annualized on these stocks based on the total position dollar value.

Trading non-DTC eligible securities will incur additional settlement fees including; a DTC Physical Trade fee of $150 and a shipping fee $40 (when necessary). There may also be a NYW fee and a TRF AGENT fee, which will vary and may be substantial.

Illiquid Securities Policy – All clients of our firm in aggregate cannot trade in excess of 10% of the previous 20 business day average trading volume of any stock on any day regardless of the stock’s price. In addition, for stocks trading below $1 per share, clients cannot ever trade more than 25% of the current day’s trading volume. There also cannot at anytime ever be more than 5,000,000 shares of any one stock settling during any 3 business day settlement period for our entire firm. If a client trades in excess of these restrictions, then their accounts will be subject to fees and interest charges and possible buy in or sell out of the violating position during the 3-day settlement period of those trades. There will be a $300 fee for any trade that is in violation of this policy. The interest charges will then be assessed on an illiquidity requirement imposed on the clearing firm, which could be many times the value of the trade. The interest rates charged to clients who violate these restrictions will be a minimum overnight rate of 15% of the illiquidity requirement. These are only guideline amounts and lower trading volumes can also trigger illiquid charges, which will be passed through as well. Repeated violations of this policy will result in the account being closed.

The fee information listed here is for informational purposes only. These fees are subject to change at anytime and those changes may not be accurately reflected on this page. This is only a partial list of additional fees.