20 – 26 JUNE 2013
WEEK COMMENCING 17 JUNE 2013
NAME OF EXCHANGE BATS Y-Exchange SUMMARY OF CHANGE Amends fees for Retail Price Improvement (RPI) program NEW FEE
SUMMARY OF FEE CH ANGES AT E XCH ANGES
CHANGED FROM
SOURCE: EXCHANGE RULE FILINGS
EFFECTIVE DATE Jun 07
EXPLANATION
$0.0025 per share rebate to all Retail orders taking liquidity from BYX (except for Retail orders taking displayed liquidity) for all securities in the RPI; $0.0025 per share fee for RPI orders adding liquidity to BYX order book if the contra is a Retail order $0.0010 per share for nondisplayed liquidity removed by a Retail order
$0.0025 per share rebate/fee for Retail orders taking/adding liquidity in Group 1 securities; $0.0010 per share rebate/fee for Retail orders taking/adding liquidity in Group 2 securities
Intended to eliminate the distinction between groups of securities and offer a single rebate and fee for a simpler price structure.
Amends RPI fees for non-displayed liquidity
$0.0025 per share fee for RPI orders or non-displayed orders adding liquidity in Group 1 securities; $0.0010 per share fee for RPI orders or non-displayed orders adding liquidity in Group 2 securities $0.0004 per share rebate
Jun 07
Intended to eliminate the distinction between groups of securities and offer a single rebate and fee for a simpler price structure.
EDGA Exchange
Amends default fees for removing liquidity in securities priced at $1 or more Amends fees for orders yielding Flag RB
$0.0003 per share rebate
Jun 03
Intended to allow the exchange to capture funds to offset increased regulatory, administrative and infrastructure costs.
$0.0020 per share fee
$0.0018 per share fee
Jun 03
Applies to orders routing to Nasdaq OMX BX and adding liquidity. applies on EDGX Exchange.
10
Amends rebates for orders yielding Flag RS $0.0020 per share rebate $0.0026 per share rebate Jun 03
Applies to orders routing to Nasdaq OMX PSX and adding liquidity. applies on EDGX Exchange.
EDGX Exchange
Amends default fees for removing liquidity in securities priced at $1 or more Amends Mega Tier fee
$0.0020 per share rebate
$0.0021 per share rebate
Jun 03
Intended to allow the exchange to capture funds to offset increased regulatory, administrative and infrastructure costs.
$0.0015 per share fee
$0.0020 per share fee
Jun 03 Mega Tier rebate requirements.
International Securities Exchange
Establishes fees for the ISE Real-Time Depth of Market Raw Data Feed as part of Managed Data Access Service
$2,500 per month per Managed Data Access Distributor; $750 per month per IP address for redistribution by a Managed Data Access Distributor to all recipients; $50 per month per controlled devoce for redistribution by a Managed Data Access Distributor to a Professional recipient; $5 per month per controlled device for redistribution by a Managed Data Access Distributor to non-Professional recipient $1,500 per month per Managed Data Access Distributor; $500 per month per IP address for redistribution by a Managed Data Access Distributor to any recipient; $20 per month per controlled user device for redistribution by a Managed Data Access Distributor to a Professional recipient
N/A
Jun 06 Managed Data Access Services. Distributors are subject to $5,000 per month minimum fee for the real-time depth of market raw data feed.
Establishes fees for the ISE Top Quote feed as part of Managed Data Access Service
N/A
Jun 06 Managed Data Access Services. Distributors are subject to $3,000 per month minimum fee for the top quote feed.
DISCLAIMER: Most fee changes are effective upon filing. WSL notes fee highlights here, but additional changes may be made post publication. Please visit exchange websites for the latest fee changes.
FOR FURTHER CHANGES AT EXCHANGES, visit www.wallstreetletter.com