The fees listed below are effective 03/16/04.
| Transaction Fees / Rebates |
| Round lot orders that take liquidity from the ArcaEx
Booksm in OTC, AMEX® and other Tape B listed securities |
$0.003 per share |
| Round lot orders that take liquidity from the ArcaEx
Book in NYSE® listed securities |
$0.001 |
| Round lot orders residing in the ArcaEx Book that execute against inbound
marketable orders in OTC, AMEX and other Tape B listed securities |
$0.002 per share credit |
| Round lot orders residing in the ArcaEx Book that execute against
inbound marketable orders in NYSE listed securities |
No Fee |
| Round lot
orders routed outside the ArcaEx Book in NYSE listed securities that
are executed by another market center or participant |
$0.001 per share |
| Round lot
orders routed outside the ArcaEx Book in Amex and other Tape B listed
securities and OTC securities that are executed by another market center or participant |
$0.004 per share |
| Directed Orders (unless they are routed away), orders executed in
the opening and market order auction, and Cross Orders |
No Fee |
| Market data revenue sharing credit applicable to limit orders residing
in the ArcaEx Book that execute against inbound marketable orders
in Tape B* securities |
50% tape credit |
| Market data revenue sharing credit applicable to any cross orders
where the ETP Holder or Sponsored Participant represents all or one
side of the transaction and all or a portion of the other side in
a Tape A* or B* security |
50% tape credit |
| A percentage of ETP Operating Revenue ("ETPOR") associated with Cross Orders in Tape C Securities shall be eligible for sharing with ETP Holders. ETPOR is defined as operating revenue that is generated by ETP Holders and consists of transaction fees and market data revenue that is attributable to ETP Holders' Cross Order executions. ETPOR shall not include any investment income or regulatory monies. The sharing of ETPOR shall be based on each ETP Holders' pro rata contribution to ETPOR and the amount shared shall not exceed ETPOR. |
50% ETP Operating Revenue |
| Listed executed orders that are initially entered as odd-lot orders
and executed against the book or by another market center |
$0.03 per share |
| OTC executed orders that are initially entered as odd-lot orders
and executed against the book or by another market center |
$0.004 per share |
| Listed Market Maker Fees / Rebates |
| Round Lot Q Orders they have entered that are executed against
Users' orders for NYSE listed securities only |
$0.001 per share credit |
| Round Lot Q Orders they have entered that are executed against
Users' orders for Exchange listed securities (other than NYSE-listed) and Nasdaq Securities |
$0.002 per share credit |
| Executions against an odd-lot order in the Odd Lot Tracking
Order Process |
Credit of $0.02 per share |
| Market data revenue sharing credit applicable to any market maker
that executes against a Directed Order in a Tape A security with
the Directed Order Process |
50% tape credit |
| Market data revenue sharing credit applicable to any market maker
that executes against a Directed Order in a Tape B* security
with the Directed Order Process |
50% tape credit |
| Drop Copy processing fee |
$0.001 per share |
| Other Fees and Charges |
|
| Primary connection and router |
Variable pass through charge |
| RealTick® Interface |
$300 per month for each workstation |
| PCXE ETP Application / Regulatory Fees |
ETP Application Fee |
Waived |
| Initial Processing Fee |
Waived |
| PCX® DEA Fee (applicable only if PCX is your DEA) |
$2000 monthly fee per firm
$250 annual fee per trader
$75 one-time registration fee per trader
|
| Focus Filing Fee (applicable only if PCX is your DEA) |
$100 annually |
| Fingerprinting Fee |
$35 fee per applicant for registration |
| Registration Fee for new applications, maintenance, or transfer
of registration status for each Registered Representative and each
Registered Options Principal (fee collected by NASD). Fee will not
apply to an ETP Holder if such broker-dealer holds a regular PCX membership. |
$55 annually |
| Application for Approved Status Despite Grounds for Statutory Qualification |
$2000 fee per application |
