The Boston Fee Party
New Pricing Maneuvers Aim for Flow
Traders Magazine, July 2007
Taking a page from the aggressive pricing gambits of BATS Trading and other market centers, the Boston Stock Exchange has dramatically altered its pricing. In June the BSE sliced the take charge on the Boston Equities Exchange to 5 cents for 100 shares, from 28 cents. At the same time, it eliminated its 27-cent credit per 100 shares for liquidity providers. "We want our take fees to put us at the top of brokers' routing tables," says C. Thomas Richardson, BeX's president.
All TradersMagazine.com articles are archived after 7 days. REGISTER NOW for unlimited access to all recently archived articles, as well as thousands of searchable stories. Registered Members also gain access to exclusive industry white paper downloads, web seminars, online technology directory, the iPad App, and conference discounts. Qualified members may also choose to receive our free monthly magazine and any of our e-newsletters covering the latest breaking news, opinions from industry leaders, developing trends and trading strategies.