Venue | Route | Per share Fee | Description |
---|---|---|---|
ARCA | ProA | 0.003 | Default Proactive , Aggressive Routing |
ARCA | ALO | -0.002 | Add Liquidity Only, Does not Re-Route |
ARCA | OP+ | 0.0035 | On Open Plus |
ARCA | OP+SH | 0.0035 | On Open Plus |
ARCA | OPEN | 0.0035 | Primary On Open |
ARCA | PLO | 0.0035 | Passive Liquidity |
ARCA | PLOS | 0.0035 | Passive Liquidity Select |
ARCA | SWPN | 0.0035 | Primary Sweep non-routable |
ARCA | SWPR | 0.0035 | Primary Sweep Routable |
BATS | ALO | -0.002 | Please See more information on CBOE Website |
BATS | CYCL | 0.0035 | Please See more information on CBOE Website |
BATS | ProA | 0.003 | Please See more information on CBOE Website |
BATS | DRT | 0.0035 | Please See more information on CBOE Website |
BATS | Pa2D | 0.0035 | Please See more information on CBOE Website |
BATS | PaD | 0.0035 | Please See more information on CBOE Website |
BATS | PaT | 0.0035 | Please See more information on CBOE Website |
BATS | SLIM | 0.0035 | Please See more information on CBOE Website |
BATS | SLIM+ | 0.0035 | Please See more information on CBOE Website |
BATS | TRIM | 0.0035 | Please See more information on CBOE Website |
BATS | TRIM- | 0.0035 | Please See more information on CBOE Website |
COWN | SEED | 0.002 | Urgency Lowest. Intelligently executes in either or both Displayed and and non-displayed liquidity venues based on user defned urgency |
COWN | SEEG | 0.002 | Urgency Highest. Intelligently executes in either or both Displayed and non- displayed liquididty venues based on user defined urgency |
COWN | SEEH | 0.002 | Urgency High. Intelligently executes in either or both Displayed and non- displayed liquididty venues based on user defined urgency |
COWN | SEEL | 0.002 | Urgency Low. Intelligently executes in either or both Displayed and non- displayed liquididty venues based on user defined urgency |
COWN | SEEL | 0.002 | Urgency Medium. Intelligently executes in either or both Displayed and non- displayed liquididty venues based on user defined urgency |
CUTN | CUGX | 0.004 | |
CUTN | CUTC | 0.004 | |
CUTN | CUTD | 0.004 | Dark Aggregator |
CUTN | CUTP | 0.004 | Market Maker Route |
CUTN | CUTR | 0.004 | Smart Order Router executes In Dark Liquidity and Lit Markets |
CUTN | CUTS | 0.0015 | Smart Order Router High Liquidity |
CUTN | CUTZ | 0.004 | Smart Order Router with Market Makers |
EDGA | ALO | 0.0033 | Please See more information on CBOE Website |
EDGA | ICMT | 0.004 | Please See more information on CBOE Website |
EDGA | INET | 0.004 | Please See more information on CBOE Website |
EDGA | IOCM | 0.004 | Please See more information on CBOE Website |
EDGA | IOCT | 0.004 | Please See more information on CBOE Website |
EDGA | IOCX | 0.004 | Please See more information on CBOE Website |
EDGA | ProA | -0.002 | Please See more information on CBOE Website |
EDGA | RDOT | 0.004 | Please See more information on CBOE Website |
EDGA | RDOX | 0.004 | Please See more information on CBOE Website |
EDGA | RMPT | 0.004 | Please See more information on CBOE Website |
EDGA | ROBA | 0.004 | Please See more information on CBOE Website |
EDGA | ROBB | 0.004 | Please See more information on CBOE Website |
EDGA | ROBX | 0.004 | Please See more information on CBOE Website |
EDGA | ROBY | 0.004 | Please See more information on CBOE Website |
EDGA | ROCO | 0.004 | Please See more information on CBOE Website |
EDGA | ROOC | 0.004 | Please See more information on CBOE Website |
EDGA | ROPA | 0.004 | Please See more information on CBOE Website |
EDGA | ROUC | 0.004 | Please See more information on CBOE Website |
EDGA | ROUD | 0.004 | Please See more information on CBOE Website |
EDGA | ROUE | 0.004 | Please See more information on CBOE Website |
EDGA | ROUQ | 0.004 | Please See more information on CBOE Website |
EDGA | ROUT | 0.004 | Please See more information on CBOE Website |
EDGA | ROUX | 0.004 | Please See more information on CBOE Website |
EDGA | ROUZ | 0.004 | Please See more information on CBOE Website |
EDGA | SWPA | 0.004 | Please See more information on CBOE Website |
EDGA | SWPB | 0.004 | Please See more information on CBOE Website |
EDGX | ALO | -0.002 | Please See more information on CBOE Website |
EDGX | ICMT | 0.004 | Please See more information on CBOE Website |
EDGX | INET | 0.004 | Please See more information on CBOE Website |
EDGX | IOCM | 0.004 | Please See more information on CBOE Website |
EDGX | IOCT | 0.004 | Please See more information on CBOE Website |
EDGX | IOCX | 0.004 | Please See more information on CBOE Website |
EDGX | ProA | 0.003 | Please See more information on CBOE Website |
EDGX | RDOT | 0.004 | Please See more information on CBOE Website |
EDGX | RDOX | 0.004 | Please See more information on CBOE Website |
EDGX | RMPT | 0.004 | Please See more information on CBOE Website |
EDGX | ROBA | 0.004 | Please See more information on CBOE Website |
EDGX | ROBB | 0.004 | Please See more information on CBOE Website |
EDGX | ROBX | 0.004 | Please See more information on CBOE Website |
EDGX | ROBY | 0.004 | Please See more information on CBOE Website |
EDGX | ROCO | 0.004 | Please See more information on CBOE Website |
EDGX | ROOC | 0.004 | Please See more information on CBOE Website |
EDGX | ROPA | 0.004 | Please See more information on CBOE Website |
EDGX | ROUC | 0.004 | Please See more information on CBOE Website |
EDGX | ROUD | 0.004 | Please See more information on CBOE Website |
EDGX | ROUE | 0.004 | Please See more information on CBOE Website |
EDGX | ROUQ | 0.004 | Please See more information on CBOE Website |
EDGX | ROUT | 0.004 | Please See more information on CBOE Website |
EDGX | ROUX | 0.004 | Please See more information on CBOE Website |
EDGX | ROUZ | 0.003 | Please See more information on CBOE Website |
EDGX | SWPA | 0.0035 | Please See more information on CBOE Website |
EDGX | SWPB | 0.0035 | Please See more information on CBOE Website |
LAMP | POST | 0.0026 | |
LAMP | PSFL | 0.0026 | |
LAMP | LAMP | 0.0015 | |
NSDQ | ALO | -0.002 | Please see more information on Nasdaq Website |
NSDQ | CART | 0.0035 | Please see more information on Nasdaq Website |
NSDQ | DOTA | 0.0035 | Please see more information on Nasdaq Website |
NSDQ | DOTD | 0.0035 | Please see more information on Nasdaq Website |
NSDQ | DOTI | 0.0035 | Please see more information on Nasdaq Website |
NSDQ | DOTM | 0.0035 | Please see more information on Nasdaq Website |
NSDQ | DOTZ | 0.0035 | Please see more information on Nasdaq Website |
NSDQ | LIST | 0.0035 | Please see more information on Nasdaq Website |
NSDQ | MEXL | 0.0035 | Please see more information on Nasdaq Website |
NSDQ | MOPP | 0.0035 | Please see more information on Nasdaq Website |
NSDQ | ProA | 0.003 | Please see more information on Nasdaq Website |
NSDQ | QCST | 0.0035 | Please see more information on Nasdaq Website |
NSDQ | QDRK | 0.0035 | Please see more information on Nasdaq Website |
NSDQ | QSAV | 0.0035 | Please see more information on Nasdaq Website |
NSDQ | QTFY | 0.0035 | Please see more information on Nasdaq Website |
NSDQ | SAVE | 0.0035 | Please see more information on Nasdaq Website |
NSDQ | SCAN | 0.0035 | Please see more information on Nasdaq Website |
NSDQ | SKIP | 0.0035 | Please see more information on Nasdaq Website |
NSDQ | SKNY | 0.0035 | Please see more information on Nasdaq Website |
NSDQ | SOLV | 0.0035 | Please see more information on Nasdaq Website |
NSDQ | STGY | 0.0035 | Please see more information on Nasdaq Website |
NSDQ | TFTY | 0.0035 | Please see more information on Nasdaq Website |
NYSE | ALO | -0.001 | Please see more information on Nasdaq Website |
NYSE | ProA | 0.003 | Please see more information on Nasdaq Website |
PDQ | ARCA | 0.0027 | Tiered route that hits Dark venues and then provides a fill at ARCA |
PDQ | BATS | 0.0027 | Tiered route that hits Dark venues and then provides a fill at BZX |
PDQ | BATY | 0.0027 | Tiered route that hits Dark venues and then provides a fill at BYX |
PDQ | CBLK | 0.003 | |
PDQ | CBSX | 0.003 | Aggregates venues that provide price improvement. These venues currently include exchanges, Alternative Trading Systems and market makers. |
PDQ | CDMM | 0.003 | |
PDQ | CDSR | 0.003 | Smart Order Router |
PDQ | CRSH | 0.0015 | Immediate or Cancel Route that also Posts in Dark Liquidity |
PDQ | DKAL | 0.0018 | This route pings CODA and 20+ dark venues and market makers. Final destination utilizes parallel posting algo (posts order in multiple dark pools simultaneously and automatically re-balances to post more shares to the venue that is receiving executions). |
PDQ | EDGX | 0.0027 | Tiered route that hits a few dark venues and then provides a fill at EDG |
PDQ | FPAR | 0.003 | not avail |
PDQ | FREE | 0.003 | not avail |
PDQ | IEX | 0.0033 | Direct route to IEX exchange |
PDQ | MIDP | 0.0017 | Midpoint aggregation route that pings all mid venues, non marketable orders post at ARCA Midpoint |
PDQ | MPFT | 0.0015 | Sweeps the street at midpoint venues then crosses spread, posts in Dark. |
PDQ | MPPL | 0.0015 | Sweeps the street at midpoint venues. After clearing out Midpoint venues, order crosses the spread |
PDQ | NSDQ | 0.0027 | Tiered route that hits a few dark venues and then provides a fill at NSDQ |
PDQ | ProA | 0.003 | |
PDQ | SCRP | 0.0015 | This route first pings CODA and 20+ dark venues and market makers. Final destination routes to CODA's SOR (smart order router) with fast and efficient fills for all marketable flow. Non-marketable flow will post for a rebate. |
PDQ | SONE | 0.0025 | Tiered Smart Order Router finishing at CODA's order router. Rebates Available for posted Orders |
PDQ | STWO | 0.0015 | Immediate or Cancel Route |
PDQ | SWRK | 0.0015 | Immediate or Cancel marketable orders route, non marketable orders Post at Coda's Manager for seeking incoming liquidity. |
PDQ | VWAP | 0.0015 | VWAP route |
PDQ | ZAPP | 0.0015 | direct to NSDQ route (no scraping). Does not support pegs. Will post visible if sent hidden |
PDQ | BETR | 0.005 | Price improvement route. IOC orders will only fill at venues that provide price improvement |
POOL | DRKa | 0.008 | Dark Aggregator |
POOL | DRKm | 0.008 | Dark Aggregator Midpoint |
POOL | DRKp | 0.008 | Dark Aggregator Passive |
POOL | OPT1 | 0.005 | |
POOL | OPT2 | 0.005 | |
POOL | OPT3 | 0.005 | |
POOL | SORa | 0.003 | Smart Order Router Aggressive |
POOL | SORm | 0.003 | Smart Order Router Midpoint |
POOL | SORp | 0.005 | Smart Order Router Passive |
QSMT | ADRK | 0.001 | Sweeps Dark Pools and net-Destinations, Posts dark at Limit |
QSMT | AMID | 0.002 | Sweeps all ELPs, darks, and lits at midpoint before sweeping all ELPs, darks, and lits at limit |
QSMT | ARCA | 0.0045 | Direct to ARCA, EDGE |
QSMT | BDKS | 0.0015 | Sweeps all ELPs and darks, multi-posts in the dark at limit |
QSMT | BDRK | 0.002 | Sprays the full quantity out conditionally to multiple dark pools at limit |
QSMT | BMDX | 0.0025 | Sweeps all midpoint liquidity at darks and lits, order posted at midpoint |
QSMT | BMID | 0.002 | Sweeps all midpoint liquidity at darks, order posted at midpoint in dark |
QSMT | BPST | -0.002 | Sprays to lit exchanges and pegs and floats to the passive side of the NBBO |
QSMT | DKVP | 0.002 | Sweeps only darks, multi-posts in the dark at limit |
QSMT | DVPS | 0.002 | Dark only sweep of all midpoint liquidity, then a dark only sweep at traders limit, and posts in dark at limit |
QSMT | IARC | 0.0035 | Direct to ARCA |
QSMT | INSD | 0.0035 | Direct to Nasdaq |
QSMT | INYS | 0.0035 | Direct to NYSE |
QSMT | KRTE | 0.0035 | Lit sweep, posts at lit exchange at limit |
QSMT | NTCV | 0.002 | Sweeps ELPs, darks, then sprays full quantity conditionally to multiple dark pools at limit |
QSMT | PINK | 0.0045 | OTCBB SOR sweeps OTCX, ARCA, DBOX, and several liquidity providers. F-shares sweep Canadian markets at limit |
QSMT | PROP | 0.0015 | NMS > $1 (9:30-16:00) |
QSMT | PROP | 0.004 | All Other Fills |
QSMT | ProA | 0.0015 | NMS |
QSMT | QDRF | -0.0005 | Sweeps net-trading destinations, ELPs, darks, and lits, then posts lit |
QSMT | QDRK | 0.002 | Dark only SOR, multi-post in dark at limit |
QSMT | QDRM | 0.001 | Sweeps net-trading destinations, ELPs, darks, and lit exchanges, posts lit at limit |
QSMT | QDRX | 0.0015 | SPDRX |
QSMT | QFAN | 0.002 | Multi-post at dark and lit venues at limit |
QSMT | QMID | 0.0025 | Sweeps all midpoint and hidden liquidity at darks and lits, order posted at midpoint in dark |
QSMT | SDRK | 0.0015 | Smart Dark Router |
QSMT | SDRk | 0.0004 | Smart Router Pinks and Bulletin Boards |
QSMT | SEDG | 0.002 | Sweeps all ELPs and darks before posting at a trader defined destination at limit |
QSMT | SPST | -0.002 | Pegs and floats with the passive side of the NBBO at lits, full order displayed |
QSMT | TWAP | 0.001 | Adaptive algorithm that works to achieve Time Weighted Average Price. Recommended for trades where volume patterns are highly uncertain (e.g., low-liquidity securities, securities with recent IPOs, corporate actions or earnings events, volatility or risk stocks). |
QSMT | VWAP | 0.0015 | Adaptive algorithm designed to achieve Volume Weighted Average Price. It utilizes dynamic inputs to continuously forecast volume and optimize order price placement |
QSMT | XFND | 0.001 | Sweeps net-trading destinations, ELPs, and darks, posts in the dark at limit |
QSMT | XMID | 0.0025 | Sweeps midpoint liquidity and posts lit at midpoint |