TIERED PER SHARE COMMISIONS

Monthly Share Volume (MSV) — Commissions Per Share

Commissions Fee Per Share

$0.0015 Per Share / $0.25 minimum order fee

+Routing and Regulatory Fees

** Are you a high-volume trader? If so, please call our sales team for a discounted rate. 888-602-0092.

REGULATORY FEES

Certain regulators impose transaction fees to cover their costs of regulating the brokerage industry. The fees are passed through to customers as part of normal transaction processing.

NSCC = $0.00004/share

SEC = $0.0000229 per $1.00 of transaction proceeds

TAF = $0.000130/ share $6.49 max (Sell)

OPTIONS TRADING

Per Contract — $0.50** Starting Rate

Exchange Fees — Index Options $0.60 Per Contract

DAS LEVEL 1 — ACTIVE

WAIVED WITH GENERATION OF $199 IN COMMISSIONS PER MONTH

SOFTWARE PACKAGE (ALL IN) **  $60.00

Add ons:

PINK SHEET LEVEL 1 — $15.00

NEWS — $20.00

NEWSBODY — $30.00

*ALL IN INCLUDES MARKET INDICES, NASDAQ LEVEL 1, NYSE TAPE A, AND NYSE TAPE B

*ADD ON DATA FEE AS A DIRECT PASS-THROUGH, WAIVER FEE NOT ELIGIBLE

DAS LEVEL 2 — GUARDIAN TRADER

GUARDIAN TRADER SOFTWARE PACKAGE (ALL IN) WAIVED WITH GENERATION OF $599 IN COMMISSIONS PER MONTH

SOFTWARE PACKAGE (ALL IN) ** $150.00

$100 IN ADDITIONAL ADD ON’S WAIVED **

PINK SHEET LEVEL 1 — $15.00

PINK SHEET LEVEL 2 — $50.00

NYSE ARCA BOOK — $15.00

NASDAQ TOTAL VIEW  — $20.00

OPTIONS LEVEL 2 — $50.00

NEWS — $20.00

NEWSBODY — $30.00

TSX LEVEL — $60.00

API — $100.00

REPLAY L1 — $25.00

TRADE SIGNAL — $35.00

FUNDAMENTALS — $15.00

IEX BOOK — $15.00

*ALL IN INCLUDES MARKET INDICES, NASDAQ LEVEL 1, NYSE TAPE A, NASDAQ TAPE B, AND NASDAQ REGIONAL QUOTES

*ADD ON DATA FEE IS A DIRECT PASS-THROUGH, FEE WAIVER NOT ELIGIBLE

DAS LEVEL 2 — GUARDIAN PROFESSIONAL TRADER

GUARDIAN PRO SOFTWARE PACKAGE (ALL IN) WAIVED WITH GENERATION OF $899 IN COMMISSIONS PER MONTH

SOFTWARE PACKAGE (ALL IN) ** $200.00

ADDITIONAL ADD ON’S WAIVED **

PINK SHEET LEVEL 1 — $30.00

PINK SHEET LEVEL 2 — $75.00

NYSE ARCA BOOK — $60.00

NASDAQ TOTAL VIEW  — $100.00

OPTIONS LEVEL 2 — $75.00

NEWS — $20.00

NEWSBODY — $30.00

*ALL IN INCLUDES MARKET INDICES, NASDAQ LEVEL 1, NYSE TAPE A, NASDAQ TAPE B, AND NASDAQ REGIONAL QUOTES

** DATA FEES ARE WAIVED WITH GENERATION OF $899 IN COMMISSIONS PER MONTH

STERLING TRADER — GUARDIAN TRADING

GUARDIAN TRADING SOFTWARE PACKAGE WAIVED WITH GENERATION OF $799 IN COMMISSIONS PER MONTH

SOFTWARE PACKAGE ** $275
INCLUDES NASDAQ TOTAL VIEW

THE FOLLOWING IS A LIST OF DATA FEES THAT ARE PASS THROUGH TO CLIENTS

PINK SHEET LEVEL 2 — $79.00

NYSE LEVEL 1 — $2.00

AMEX LEVEL 1 — $2.00

NASDAQ LEVEL 1   — $26.00

NYSE ARCA BOOK OTC — $2.00

CBOE MDX INDICES — $4.25

DOW JONES INDICES — $26.00

BATS BOOK — $44.00

DIRECT EDGE A — $12.00

DIRECT EDGE X — $44.00

OPTIONS LEVEL 2 — $100.00

*ADD ON DATA FEE IS A DIRECT PASS-THROUGH CHARGE, FEE WAIVER NOT ELIGIBLE

INSTITUTIONAL/PROFESSIONAL SUBSCRIBER RATE

NO SOFTWARE PACKAGE AND ALL DATA IS PASS THROUGH TO CLIENT

 SOFTWARE ONLY  $125.00

DATA FEES

PINK SHEET LEVEL 1– $30.00

PINK SHEET LEVEL 2 — $75.00

NYSE ARCA BOOK — $60.00 

REGIONAL  — $50.00

NASDAQ TOTALVIEW  — $100.00

OPTIONS LEVEL 2– $75.00

NEWS — $20.00

NEWSBODY  — $30.00 

AMEX LEVEL 1– $32.50

NASDAQ LEVEL 1 — $50.00

Aggressive Routers

Time Route Remove Liquidity Add Liquidity Route Away Strategy Description
4:00am to 8:00pm Guardian Smart* 0.0019 -0.0023 0.0019 Default Routing for Market, Limit, STOP Routes. Utilizes Velocity-managed destinations to maximize cost-effective routing for all market sessions. STOP orders will not trigger outside market hours
9:30am to 4:00pm VTRD* 0.0017 -0.0023 0.0017 High Liquidity Router, Accesses Off-Exchange Liquidity providers as well as ECNs to provide a high Fill rate and high rebate simultaneously.
9:30am to 4:00pm VFAN 0.0032 -0.002 0.0032 Pings Major Exchanges and Dark Pools simultaneously to maximize Liquidity access.   Utilizes IOC order types to minimize market impact and supports max floor settings to keep shares hidden.
4:00am to 8:00pm ANGO* 0.0019 -0.0022 0.0019 Velocity destination offering high fill rates and liquidity rebates based on market conditions. Accesses off-exchange liquidity to reduce costs to the trader.
4:00am to 8:00pm JOVV* 0.0019 -0.0023 0.002 Aggressive Route that utilizes off-exchange liquidity for cost-effective fills. Also posts to ECN on your behalf passing thru High rebates for passive orders
4:00am to 8:00pm LSTSP 0.00375 -0.002 0.00375 Sweeps Major Exchanges during all Market Sessions assisting in finding Liquidity outside of Market hours.
4:00am to 8:00pm TLML* 0.0019 -0.0022 0.0019 Velocity destination that accesses Displayed and Non-Displayed Liquidity to allow aggressive and passive trading simultaneously.
9:30am to 4:00pm SPDRX 0.002 -0.0015 0.002 High Liquidity Router for NMS securities
9:30am to 4:00pm HEAT 0.0015 0.0015 0.0015 High Liquidity router hits both DARK and Lit Markets

ECN & Exchange Access

Time Route Remove Liquidity Add Liquidity Route Away Strategy Description
4:00am to 8:00pm ARCA 0.003 -0.0022 0.0035 Direct route to ARCA enabling higher rebates offered
7:00am to 8:00pm BYX -0.0005 0.003 0.003 Direct to Bats BYX Exchange
7:00am to 8:00pm BZX 0.003 -0.002 0.003 Direct to BATS BZX Exchange
7:00am to 8:00pm EDGX 0.003 -0.001 0.0035 EDGX Exchange
7:00am to 8:00pm EDGA -0.001 0.003 0.0035 EDGA Exchange
8:00am to 5:00pm IEXV 0.0015 0.001 0.0038 IEX “Investors Exchange”. IEX Exchange delivers the ECN trading experience at a lower cost. Take advantage of IEX’s increasing midpoint liquidity to expand your trading.
4:00am to 8:00pm NQBX -0.001 0.003 0.0035 Direct to Nasdaq BX exchange
4:00am to 8:00pm NSDQ 0.003 -0.0022 0.0035 Direct to Nasdaq Exchange
9:30am to 4:00pm OTCX 0.004 0.004 0.004 Direct To OTCX Exchange $.0001 for fills priced below $1

Dark Liquidity Aggregators

Time Route Remove Liquidity Add Liquidity Route Away Strategy Description
9:30am to 4:00pm DARK 0.0017 0.0017 0.0017 Dark Pool Access offering High Liquidity Access
9:30am to 4:00pm GDMX                 0.002 0.002 0.002 Dark Pool Aggregator designed for High Fill Rates
9:30am to 4:00 pm DKSW    0.0025  0.0025 0.0025 Dark Pool Sweep Strategy, Utilizes Probe and Resting orders to attempt to minimize Market Impact

Midpoint and Algo Specialty Routes

Time Route Remove Liquidity Add Liquidity Route Away Strategy Description
9:30am to 4:00pm VMID 0.0015 0.001 NA Velocity Midpoint Route, designed to execute orders at the midpoint during market hours.
9:30am to 4:00pm GDMX           0.002 0.002 0.002 Accesses multiple MidPoint Destinations offering maximum liquidity
4:00am to 8:00pm VPOST 0.002 0.002 0.002 Velocity Route built for Pre Market and Post Market Access, also available during market hours.
9:20am to 4:00pm VWAP* 0.0025 0.0025 0.0025 Customizable router designed to Fill at Volume Weighted Average Price
9:20am to 4:00pm TWAP* 0.0025 0.0025 0.0025 Customizable router designed to Fill at an Average Price corresponding to a user defined time period.
9:20am to 4:00pm TWAP5* 0.0025 0.0025 0.0025 Customizable router designed to Fill at an Average Price in 5 minute defined time period. Accepts orders at 9:20, only executes during market hours.
9:20am to 4:00pm TWAP10* 0.0025 0.0025 0.0025 Customizable router designed to Fill at an Average Price in 10 minute defined time period
9:20am to 4:00pm TWAP20* 0.0025 0.0025 0.0025 Customizable router designed to Fill at an Average Price in 20 minute defined time period
9:20am to 4:00pm TWAP30* 0.0025 0.0025 0.0025 Customizable router designed to Fill at an Average Price in 30 minute defined time period
9:30am to 4:30pm IEXD 0.0015 0.0010 NA   Utilizes Discretionary Peg (D-PEG) Order Type at IEX. Dark order type, Assists Trader in Optimizing Executions within the Spread.
9:30am to 4:30pm ALGO 0.0025 0.0025 0.0025 Guardian Trading ALGO Suite

 

*Guardian SMART pricing reflects highest possible cost and lowest possible rebate during market hours. For Pre-Market and Post Market sessions please see pricing for ARCA, EDGX, NSDQ routes

“Rates above only apply to NMS symbols =>$1.00 executed during Core Market
hours, charges could exceed what is listed above for executions in stocks below $1.”

*Rebates on JOVV, VTRD, TLML, ANGO route apply to fills on ARCA and EDGX only

*TWAP and VWAP orders will be accepted starting at 9:20 to ensure opening auction participation if desired. Will not execute outside market hours.

 

 

ACCOUNT RELATED FEES

Incoming ACAT Transfer (Full / Partial) — Free

Outgoing ACAT Transfer (Full / Partial) — $75.00

DTC Transfer In/Out (Per Security) — Free/$50.00

DWAC Transfer In (Per Security) — $150.00

DWAC Rejection Fee — $125.00

Out going Wire (Domestic) — $25.00 

Out going Wire (Foreign  ) — $50.00

IRA Annual Fee — $25.00

IRA ACAT Out Fee– $75.00

IRA Termination Fee– $75.00

Corporate Actions Voluntary– $65.00

Corporate Action Mandatory– $40.00