Dealers Will Pay For Liquidity
Traders Magazine, February 2003
BrokerageAmerica will now impose liquidity fees on some Nasdaq orders submitted by its broker dealers. The fee will not be applied to Pink Sheets and Bulletin Board business. Broker dealers will not be charged for any not held orders of 2,500 shares or greater. Every held order, under the new schedule, and not held order of 2,500 or less, will be charged a penny per share. BrokerageAmerica officials said they don't expect any substantial clients to be driven away by the liqudity fee.
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