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Monday, November 24, 2014

Equity Trader Alert #2014 - 115
Pricing for BX Retail Price Improvement (RPI) Program

Category:

  • Pricing

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Effective Monday, December 1, 2014, BX will have the following rebates and fees for the RPI program.

New Fees for BX RPI Program

Shares Executed At or Above $1.00Per Share Executed
 Liquidity Code
Rebate for Retail Order (Type 1 or Type 2) that removes RPI liquidity
$0.0025 rebate
 r
Rebate for Retail Order (Type 1 or Type 2) that removes midpoint liquidity or other resting liquidity better than NBBO
Standard BX remove rates apply
 t
Rebates and Fees for Retail Orders (Type 2 Only) that interact with the BX book or route
Standard BX remove and route rates apply
 Standard Codes
Fee for RPI Order that provides liquidity
$0.0025 fee
 j

Please refer to the BX RPI FAQs and the BX RPI rule filing for more information.

BX members will need to register and be approved as a Retail Member Organization to submit Retail Orders. All members will be eligible to submit Retail Price Improvement Orders. Members interested in participating in the BX RPI program will need to complete the application process.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

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