The above routing guide only applies to securities priced above $1.00 during core trading session 9:30am – 4:00 pm ET.
Securities priced below $1.00 are subject to different routing charges and are not rebate eligible. Additional fees may apply.
Adding liquidity rebate may vary from above and may be less than indicated. Above guide shows maximum possible rebate.
All rates are subject to change without notice.
This page is a good faith estimate of the current rates but may not be completely accurate. We are not liable for any discrepancies between listed rates and the actual rates applied.
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.
Rebates are subject to forfeiture in the event an ECN or exchange does not remit the rebate.
Positive values represent a rebate. Negative values represent a charge.

*AEXG is Alternative Execution Group
*SSR $50 – $150/share – .02 | $150 – $250/ share – .04 | $250 – $375/share – .06 | over $375/share – .08
*SSR is for short selling of SSR securities ONLY and allows users to potentially short without an uptick.
*SSR is more costly thn other routes with minimum .01/share fee.
*SSR – Orders are executed as IOC (immediate or cancel), so the order will either execute, or cancel back the unexecuted amount.
**STM – During pre and post hours, STM will go to Lampost and show in DAS as STML route
**STM – Pre and post pricing for STML: -0.0015 to ADD and -0.0025 to REMOVE