OTC LINK & Route Away Fee: Canadian F Shares on OTC

August 14, 2020

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Canadian F Shares on OTC

Effective Friday, August 14, 2020, traders can enjoy enhanced liquidity with new fees when trading Canadian F shares on OTC (PPro8 gateway: LINK).

These are Canadian interlisted securities with five-letter tickers ending with the letter F, and with the following fees:

Gateway	Liquidity Flags	Description	Fee
LINK	P	LINX Canadian F over 1 dollar	0.003
LINK	P	LINX Canadian F between 0.01 and 1 dollar	0.00003
LINK	P	LINX Canadian F less than 0.01 dollar	30 BP

Traders can filter Canadian F symbols on the OTC Stock Screener page by selecting Foreign Ordinary Shares under Security Types and Canada under Country. Click here for a PDF with more information about OTC F shares.

Older Updates

April 1, 2020

New promotional rate – $.0021 rebate per share executed above $1.00 on OTCX (Destination: LINK)

Dear Manager,

Starting Wednesday, April 1, 2020, and continuing on until the end of June, OTC Link is offering a new fee structure at a promotional rate exclusively for DTTW™ traders.

OTCX provides access to greater liquidity, auto-ex functionality (80% of non-internalized activity), and is fully anonymous for trading over-the-counter securities.

Fee Schedule Above $1.00:

Add Rebate $0.0021 per share
Remove Fee $0.0034 per share
Route Away Fee $0.004 per share

Active Over-the-Counter Symbols: TCEHY.PK, GBTC.PK, FNMA.PK, FMCC.PK, RHHBY.PK, NTDOY.PK, EADSY.PK

Available Order Types: Limit, Midpoint, Reserve, Hidden, Peg

Market	Gateway	Liquidity Flags	Description	Current Fee	New Fee
OTC Pink	LINK	A	Adding liquidity on overdollar symbols	-0.0007	-0.0021
OTC Pink	LINK	L or X	Routed overdollar symbols	0.00385	0.004

Tell your traders a.s.a.p.—they won’t want to miss this!

And watch for their daily OTC Link reports, only on TIP!

March 1, 2018

Please be advised that effective Thursday, March 1, 2018, the OTC LINK gateway introduced a fee for a new liquidity flag, as follows:

Liquidity Flags	Over Dollar Fee	Below Dollar Fee
L	0.00385	0.00055

OTC LINK Route

Away Fee Update

In Addition, We have been working with our execution provider to enable the OTC LINK gateway to route away when crossing another lit venue.

OTC LINK now becomes the less expensive alternative for aggressive orders routing away.

Route Away Fee Comparison
Fee Description	OTC LINK Fees	ARCE Fees	DBOT Fees
Route away >=$1	0.00385	0.0045	0.0049
Route away <$1	0.00055	0.00058	0.00098

Let us know if you have any questions or comments by creating a mojo.

With thanks,

Communications Team

*Remember to visit our PPro8 Wiki and Knowledge Base to learn more.