Making Markets Better as Your Partner in Trading. BATS and DirectEdge.

Take advantage of standard pricing plus incentives for a better trading experience.

Standard Pricing + Market Quality Incentives = Making Markets Better
Standard Pricing - Penny Names Adding Liquidity Removing Liquidity
Customer +$0.25 — 0.50* -$0.45
Firm, Market Maker or Professional Customer +0.40 -$0.47 — 0.48*
Market-Quality Incentives NBBO Setter** Quoting Incentive Program***
Additive Rebate +$0.02 — 0.04* +$0.02 — 0.04*
  • See the Fee Schedule for non-standard routing charges.
  • *Eligibility determined by ADV as a percent of TCV per the Fee Schedule.
  • **Applies only to Firms, Market Makers, and Professional Customer orders.
  • ***Applies only to Registered Market Makers.

08/11/14 U.S. Equities Market Share Totals 20.3%; 21.5% Market Share in European Equities

07/22/14 Mr. Ratterman previously held both the CEO and President roles from June 2007 through January 2014.

07/07/14 Mr. Ratterman Testifies on Matters Related to the U.S. Equity Capital Market Structure

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