Exchange & ECN fees

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. Charges are in the currency of the exchange:

      Liquidity  
Canadian securities   Adding ($ / share)   Removing ($ / share)
Equities ≥ $1.001        
TSX, TSX venture, CNSX, and all ATSs2   Free   $0.0035
Equities < $1.001        
TSX, TSX venture and all ATSs2   Free   $0.0008
CNSX   Free   $0.0012
      Liquidity  
U.S. securities   Adding ($ / share)   Removing ($ / share)
MNGD, LAMP   Free   Free
INET (NSDQ)   Free   $0.003
ARCA   Free   $0.004
NYSE   Free   $0.004

Additional Canadian security fees

Warrants and rights:

  • Adding liquidity: free
  • Removing liquidity
    • All exchanges except CNSX: 1/40th of 1% of the value of the trade; min $0.50, max $50.00
    • CNSX securities < $1.00: $0.0012 ($ / unit)
    • CNSX securities ≥ $1.00: $0.0035 ($ / unit)

Notes and debentures:

  • $0.10 per $1,000 par value per side.
  • CNSX notes and debentures: $0.10 per $1,000 par value per side; minimum $1.00.

SEC fee

  • The SEC collects a fee for all sales of U.S. securities.
  • Effective April 1, 2012, the fee is calculated at 0.0000224 x the value of the trade. E.g. selling 100 shares of a U.S. stock at $30 (100 x $30 = $3,000) will incur an SEC fee of USD $0.07 (0.0000224 x $3,000).

For additional information on ECNs and ATSs please see preferred ECN in our glossary.

Questions about exchange and ECN fees?
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