Simple and Transparent Fee Schedule
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Transaction Fees
LTSE Members are charged per share fees or provided per share rebates based on shares executed within each of the fee code categories below.
All fees/(rebates) per share for securities >= $1.00 or a % of total dollar value (TDV = Total Dollar Value) for securities < $1.00.
| Securities >= $1.00 | Securities < $1.00 | |
|---|---|---|
| Add displayed liquidity | ($0.0028) | (0.15% of TDV) |
| Add displayed liquidity - NBBO Joiner | ($0.0029) | (0.15% of TDV) |
| Add displayed liquidity - NBBO Setter | ($0.00295) | (0.15% of TDV) |
| Add non-displayed liquidity | ($0.0014) | (0.00% of TDV) |
| Remove Liquidity | $0.0030 | 0.20% of TDV |
Market Data Fees
| Feed | Data | Fee |
|---|---|---|
| Depth of Book |
| $2,500 per data recipient per month |
| Top of Book |
| $500 per data recipient per month |
| Last Sale |
| $0 |
Connectivity Fees
Our platform supports order entry, drop copy, and market data connectivity via direct cross-connect, extranet, or telco providers. Production cross-connects (NY4) are always equalized, while Disaster Recovery (CH1) cross-connects are non-equalized.
Cross-Connect
(Primary)
(Primary)
$5,500
per 10G physical interface per month
Cross-Connect
(Disaster Recovery)
(Disaster Recovery)
$2,750
per 10G physical interface per month
Cross-Connect
(Test)
(Test)
$2,750
per 10G physical interface per month
Logical Connectivity
$450
per session per month
First 3 ports complimentary
First 3 ports complimentary
Membership Fee
annual membership fee
$10,000