Lightspeed Routing Fees

Equities Routing Fees

Venue Add Liquidity Take Liquidity Outbound Shares
LSPT Route* ($0.0015) ($0.0015) N/A
LSPD Dark Assault ($0.0019) ($0.0019) N/A
ARCA $0.002 ($0.0030) ($0.0035)
ARCA (OTCBB) $0.0025 ($0.0030)* ($0.0030)*
Barclays LX ($0.002) ($0.002) N/A
BATS Y ($0.0018) $0.0010 ($0.0033)
BATS Z $0.0020 ($0.0030) ($0.0030)
BOSX ($0.0025) $0 ($0.0035)
CROSS+ ($0.0025) ($0.0025) ($0.0025)
CROSSFINDER ($0.0015) ($0.0015) N/A
EDGX $0.002 ($0.0030) ($0.0030)
EDGA ($0.0003) ($0.0003) ($0.003)
IEX $0 $0 ($0.0035)
Instinet Smart ($0.0022) ($0.0022) ($0.0022)
ITG AlterNet ($0.0015) ($0.0015) N/A
ITG Posit ($0.0017) ($0.0017) N/A
ITG VWAP TWAP ($0.0015) ($0.0015) ($0.0015)
KNIGHT FAN $0.0022 ($0.0029) ($0.0029)
KNIGHT COVERT N/A ($0.002) N/A
NASDAQ $0.0020 ($0.0030) ($0.0030)
NASDAQ Hidden $0.0005 ($0.0030) ($0.0030)
NASDAQ PSX $0.0018 ($0.0035) ($0.0035)
NYSE $0.0013 ($0.0031) ($0.0031)
NYSE American $0 ($0.0002) ($0.0030)
PDQ ATS N/A ($0.0019) N/A

*The LSPT route is available from 9:30am to 4:00pm EST.

Cheapest Trading Fees

Lightspeed Trader consistently offers its clients some of the cheapest trading fees in the industry, whether they are conducting equities or options routing. A schedule of the fees is available in the table below.

Options Routing Fees
(per contract)

Underlier Fee Additional Details
All Equities, Smart Routed (SMRT) Free
All Equities, Direct Routed ($0.35) Use the SMRT route in Lightspeed Trader
to avoid this fee.
.SPX(S&P 500 Index) ($0.62)
All other Indices ($0.40) Download
Complete List
ETFs ($0.20) Download
Complete List

Regulatory Fees

Fee Rate Additional Details
SEC: ($0.0000218)  Multiply this amount
by the principal amount sold
FINRA TAF: ($0.000119) Covers sales of exchange registered securities whenever executed.
Multiply this amount by the number of shares sold
Options ORF: ($0.0431) Multiply this rate by the number of options contracts traded

*For share prices less than $1.00, 30 basis points times the total trade value will be charged.

Lightspeed routing fees do not apply to Lightspeed Web Trader. Pre and post market orders will have an additional charge of 0.003 per share.

The venues above represent the most commonly used routes. Lightspeed offers additional routes not listed below. Stocks priced under $1.00 are subject to different routing charges and are not rebate eligible. Rebates are subject to forfeiture in the event an ECN or exchange does not remit the rebate to Lightspeed. Routing charges are subject to change without prior notice. Call 888-LSPD-123 for more details and pricing.

Cheapest Option Trading

Active traders who want the cheapest option trading make Lightspeed Trader their online broker of choice. Not only do we offer incredibly low fees, but we also have some of the lowest option commissions on the market. Active traders who meet a minimum threshold of options contracts will qualify for even lower rates. Contact us for additional information.

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