PRICING
Nasdaq Securities:
Orders that Add Liquidity: REBATE of $0.001/share
Orders Routed Off Book:
CHARGE of $0.004/share
(no contra party pass-thrus)
Other Orders:  
By subscribers accessing
DATA over a direct connection:
CHARGE of $0.002/share
By any market participant
accessing DATA via Nasdaq:
no CHARGE by Track ECN

Listed Securities:
NYSE
Orders that Add Liquidity: CHARGE of $0.002/share
Orders that Remove Liquidity: CHARGE of $0.002/share
Orders Routed Out: CHARGE of $0.003/share*

*Includes DOT
AMEX
Orders that Add Liquidity: REBATE of $0.0015/share
Orders that Remove Liquidity: CHARGE of $0.003/share
Orders Routed Out: CHARGE of $0.004/share


Minimum Amount of Trading Volume Required for Rebate:
    None

 
OTC-BB:
Executions that add liquidity:
Commission Charge: $0.002 per share CHARGE
OR
50 basis points per executed order CHARGE
(0.50% of the principal value of the trade)
Whichever is LESS.
Commission Min.: $2.00
Commission Max.: $20

Routed executions for OTCBB securities:
Same as above, but all pass-through fees are added.
Note: Routing is by request only.

All other executions for OTCBB securities:
Same as above, but all pass-through fees are added.

Note on Pass-Through Fees: The $2 minimum and $20 maximum only apply to the commission portion of the charge, not the pass-through fees. Your total charge on orders routed out and "other executions" may be more than $20 if pass-through fees are charged.


Minimum order size increments for OTCBB.
Price (Bid or Offer) Minimum Quote Size
0.00 - 0.50 5,000
0.51 - 1.00 2,500
1.01 - 10.00 500
10.01 - 100.00 200
100.01 - 200.00 100
200.01 + 50



Delinquent Payment Penalty:
Payments received for less than the full amount of monthly invoices will be applied as an on account payment against the oldest open invoice. If a market participant is either delinquent in paying an invoice for thirty (30) days or notifies Track ECN that he will not pay or pay only partially, if such notification is sooner than thirty (30) days, all assessed charges will be re-billed at $0.009/share. Thereafter, the then current month's activity will be billed at $0.003/share and the then previous month's activity will be assessed a penalty of $0.006/share.

Special Notes:

    An order can receive both a charge and a rebate.
    Please click here for an explanation and examples.

    No charge or rebate for any unexecuted orders.
Definitions and Examples
"Orders that add liquidity"
Definition: orders that are posted to the Track ECN order book before being executed
Examples:
1. A buy limit order that is placed below the current best offer.
Example: A stock is quoted at 10.50 x 10.60. The buy limit order must be for 10.59 or less.
2. A sell limit order that is placed above the current best bid.
Example: A stock is quoted at 10.50 x 10.60. The sell limit order must be for 10.51 or more.


"Orders That Remove Liquidity"
Definition:
orders that are immediately executed against an existing bid or offer on the Track ECN order book
Examples:
1. A buy limit order at or above the current best offer.
Example: A stock is quoted at 10.50 x 10.60. The buy limit order is for 10.60 or more.
2. A sell limit order at or below the current best bid.
Example: A stock is quoted at 10.50 x 10.60. The sell limit order must be for 10.50 or less.


"Orders Routed Out"
Definition:
orders that are routed to third parties for execution
Examples:
1. A buy limit order at or above the current best offer.
Example: A stock is quoted at 10.50 x 10.60. The buy limit order is for 10.60 or more.
2. A sell limit order at or below the current best bid.
Example: A stock is quoted at 10.50 x 10.60. The sell limit order must be for 10.50 or less.