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.