Wall Street & Technology is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Exchanges

10:01 AM
Connect Directly
Facebook
Google+
Twitter
RSS
E-Mail
50%
50%

BATS Exchange Cuts Fees

BATS reduces the rebate on trading stocks under $5 and lowers route fee to NYSE.

BATS Exchange will cut its prices as of April 1,2009, offering a rebate of $0.0001 a share for removing liquidity in stocks priced below $5.

And in a bid to gain market share, BATS will reduce its routing charge for the New York Stock Exchange (NYSE) to $0.0017, and it will cut its standard route rate to other markets to just $0.0026 per share from ($0.0029).

“This is our first major pricing change since January 2008 and, while pricing is the subject today, our members enjoy trading on BATS Exchange because of our superior and dependable technology, leading customer service, and consistent innovation benefiting the market,” stated Joe Ratterman, CEO of BATS Exchange in the release.

For stocks above $5, BATS will maintain its inverted Tape B pricing at $0.0028 (for removing liquidity_ and will adjust its liquidity rebate to $0.0023 for Tape A and C stocks. The remove rate for Tapes A and C remains highly competitive at $0.0025.

The complete BATS fee schedule is available at by clicking here.

Ivy is Editor-at-Large for Advanced Trading and Wall Street & Technology. Ivy is responsible for writing in-depth feature articles, daily blogs and news articles with a focus on automated trading in the capital markets. As an industry expert, Ivy has reported on a myriad ... View Full Bio

Register for Wall Street & Technology Newsletters
Video
Exclusive: Inside the GETCO Execution Services Trading Floor
Exclusive: Inside the GETCO Execution Services Trading Floor
Advanced Trading takes you on an exclusive tour of the New York trading floor of GETCO Execution Services, the solutions arm of GETCO.