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.
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