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 or Professional Customer +$0.40 — 0.44* -$0.45 — 0.48*
Market Maker +$0.40 — 0.42* -$0.45 — 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.

01/22/15 99% of Customers Participated Week of Jan. 12th; Market Share Higher than December

01/08/15 Company Remains on Track to Complete Direct Edge Integration January 12, 2015

01/06/15 Tiered Access Fee Proposal Also Designed To Encourage Trading in Less Liquid Securities

12/03/14 20.3% U.S. Equities Market Share, 5.8% U.S. Options Market Share

11/04/14 Former Virtu, Nasdaq Executive to Join New York Office

11/03/14 21.4% U.S. Equities Market Share; 6.5% U.S. Options Market Share; 22.3% European Equities Market Share

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