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TradePro: Online Stock Trading (248) 608-5469

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Commission Fees

Simple Commission Structure*
Select either a per ticket or per share plan for equities.

Equities	$7.95	Per ticket (up to 5,000 shares, $.0005 each additional share)
Equities	$0.0075	Per Share (no ticket charge**)
OTCBB and Pink Sheets	$9.95	Per ticket (up to 15,000 shares, $.0005 each additional share)
Options	$1.45	Per Contract (no minimum***)
Futures	$1.45	Per Contract

*Does not include Equity routing fees/rebates or Futures exchange fees.
**Lightspeed trading platform only; $2.5 ticket charge for all other platforms.
***Lightspeed trading platform only; $20 minimum charge for all other platforms.

Equity Routing Fees & Rebates (per share):
The venues below represent the most commonly used routes.
TradePro offers additional routes not listed below.
Call for more details and pricing.

	Add Liquidity	Take Liquidity	Outbound Shares
ARCA (NASDAQ)	$0.0020	($0.0025)	($0.00350)
ARCA (AMEX)	$0.0020	($0.0025)	($0.00400)
ARCA (NYSE)	$0.0025	($0.0030)	($0.00350)
B-Trade	$0.0000	($0.0030)	($0.00400)
BATS	$0.0024	($0.0025)	($0.00260)
BATS (NYSE)	$0.0024	($0.0025)	($0.00280)
BATS (Amex)	$0.0030	($0.0025)	($0.00260)
EDGX (NYSE and OTC)	$0.0026	($0.0026)	($0.00260)
EDGX (ETF)	$0.0026	($0.0030)	($0.00260)
EDGX (AMEX)	$0.0035	($0.0026)	($0.00260)
EDGA	$0.0000	$0.0000	($0.00260)
INET ATS (NASDAQ)	$0.0020	($0.0030)	($0.00300)
INET ATS (Listed)	$0.0020	($0.0030)	($0.00300)
NYSE (Super Dot)	$0.0000	($0.0010)	($0.00400)
AMEX	Non-Billable	Billable
	($0.00350)	($0.0900)

Futures Exchange fees (per contract)

E-Mini FX Products	$0.85
E-Mini Equity Futures	$1.14
E-Mini Commodity Products	$1.07

Adding vs. Taking Liquidity vs. Outbound.
The term "Add Liquidity" refers to sending an order to an ECN at a price which is not immediately executable. The order sits on an ECN's order book until the market moves to that price, at which point the order executes. You can think of this as a limit order.

EXAMPLE: The inside market in XYZ is $20.01 X $20.05. If you place a buy order at $20.04 or below, the order will sit on the order book until another market participant is willing to sell at that price. Alternately, you can place a sell order at $20.02 or higher and your order will sit on the order book until another market participant is willing to buy at that price. Buying on the bid and selling at the offer is referred to as adding liquidity.

The term "Remove Liquidity" refers to sending an order at a price which is immediately executable. A buy order is sent with a price equal to or higher than the current offer and a sell orders is priced equal to or lower than the current bid. You can think of this as a market or marketable limit order.

EXAMPLE: Using the example from above, the inside market in XYZ is $20.01 X $20.05. If you place a buy order at $20.05 or higher you will immediately execute at the current offer. If you place a sell order at $20.01 or lower you will immediately execute on the current bid. Buying at the offer or selling on the bid is referred to as removing liquidity. (Keep in mind that some venues can have hidden orders. Executions against existing hidden orders are still considered removing liquidity)

The term "Outbound" refers to an order which is routed from its original destination to another venue.

EXAMPLE: You send an order to ARCA to buy XYZ at $20.05 while NSDQ is displaying an offer to sell at $20.04. ARCA will route your order to NSDQ for execution at the better price. This order routing is referred to as outbound.

Securities Transaction Fee (SEC section 31):	($0.0000110)	Multiplied by principal amount sold
NASD TAF Fee:	($0.0000750)	Covers sales of exchange registered securities wherever executed. Multiplied by shares sold.

Market Data Fees (Per month/terminal)	Professional	Non Professional
NYSE Level I*	$127.25	$1.00
NYSE Open Book	$60.00	$60.00
NASDAQ Level2 (NQDS)	$50.00	$10.00
NSDQ Book Depth	$46.00	$11.00
AMEX level I	$30.20	$1.00
ARCA	$0	$0
Futures and Indices	$60.00	$60.00
Options (OPRA +ACTIV)	$60.00	$10.00
Dow Jones News	$109.10	$109.10

*NYSE data feed subscribers with multiple terminals may be eligible for reduced per/terminal rates

*For Professional subscribers, AMEX, NYSE, and OPRA are billed directly to end user. Please contact us for further information.

REDIPlus

The risk of loss in electronic trading can be substantial and is not appropriate for all investors. This site contains information on trading and markets, as well as information about the risks and costs. Please read our Risk Disclosure statement carefully and consider seriously whether or not this type of trading is suitable for you. Please read: Risk Disclosure for extended hours trading, Disclosure of Order Routing Practices, Business Continuity Plan, Privacy Policy.

Options are not suitable for all investors. Prior to buying or selling an option, investors must read a copy of this disclosure document. Characteristics and Risks of Standardized Options It explains the characteristics and risks of exchange traded options. February 1994 (with 1997 through 2005 supplements) View April 2007 Supplement

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