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The Boston Fee Party

New Pricing Maneuvers Aim for Flow

Traders Magazine, July 2007

Nina Mehta

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.

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