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What are the charges for partial executions?

April 26, 2017Charges Executions partial

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What are the charges for partial executions?

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We charge by orders executed. For NASDAQ orders we do not charge for multiple fills on a single ticket, no matter how many partials are encountered, or how long it takes. As long as the order remains live, all partial executions carry only one charge. Note: On listed stocks a new ticket may be generated when this order switches from non-billable to billable. Billable defined as either price improvement from the specialist or an excess of five minutes work from the specialist to fill the order. Please take note that Island trades that are filled in multiple lots at different prices are also subject to additional ticket charges.