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Brett Cenkus
Traders Magazine Online News

President Trump Won't Kill America, Bitcoin Will

In this blog, the author examines how the global cryptocurrency adds one more piece of the pie to a radical shift in the structure of worldwide governance.

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May 25, 2007

BATS New Low Prices

By Michael Scotti

BATS Trading's new pricing should continue to spur its growth because order senders will take advantage of its cheap pricing to take liquidity from the system, says a knowledgeable industry source. The ECN reduced its clients' cost for taking liquidity from 26 cents to 24 cents per 100 shares last month. The take rate is now the lowest in the industry, making BATS a more attractive execution venue, the source added.

Once an execution venue becomes the first routing priority, it is hard to lose that position. "Once those routers are set, they're not fast to change them," he says. BATS also lowered its rebate for adding liquidity from 24 cents to 22 cents per 100.