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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

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