Electronic communication networks (ECNs) and alternative trading systems (ATSs)
charge a fee to all market participants who use their networks.
Questrade charges the following in order to offset ECN and ATS access costs, in the currency of the applicable exchange:
|
CANADIAN SECURITIES |
LIQUIDITY |
|
ADDING ($/SHARE) |
REMOVING ($/SHARE) |
Equities ≥ $1.001
TSX, TSX Venture and all ATSs2
|
FREE |
$0.0037 |
|
Equities < $1.001 |
|
TSX, TSX Venture and all ATSs2 |
FREE |
$0.0009 |
|
U.S. SECURITIES |
|
POST, MNGD, and LAMP |
FREE |
FREE |
|
INET (NSDQ) |
FREE |
$0.003 |
|
ARCA |
FREE |
$0.004 |
|
NYSE |
FREE |
$0.004 |
1Opening and extended-hours trades are billed at the same rate.
2Canadian orders can execute on any of the following alternative trading systems
(ATSs): Alpha, Pure and Chi-X.
Additional Canadian security fees:
- Warrants and rights
- Adding liquidity: FREE
- Removing liquidity: 1/40th of 1% of the
value of the trade; min $0.50, max $50.00
- Notes and debentures: $0.10 per $1,000 par value per side
SEC fee: the
SEC collects a fee for all sales of U.S. securities.
Effective April 1st, 2010, the fee is calculated at 0.0000169 x the value of the
trade.
e.g., selling 100 shares of a U.S. stock at $29 (100 x $29 = $2,900) will incur
a SEC fee of USD $0.05 (0.0000169 x $2,900).
For additional information on ECNs and ATSs including how to select one, please
see our
trading terminology.