Pricing, Fees and Payouts
At Zimtra, we believe in transparency and simplicity when it comes to our pricing and fees. Our goal is to provide you with the lowest costs possible, so you can focus on trading with confidence and maximizing your profits.
Volume-Based Discount
The more you trade, the lower the rate you will pay. We have negotiated clearing rates offered only to Wall Street's largest firms, and these discount prices are available to you based on your trading volume. You are only charged on shares traded, and there are no monthly minimums. As your trading volume increases, you benefit from the savings we achieve from vendors by hitting volume discount tiers.
Monthly Trading Volume
0 - 250k
250k - 5mm
5mm+
Zimtra Elite ($)
0.0015
0.0010
0.0005
Zimtra Pro ($)
0.0015
0.0010
0.0005
Institutional-Level Pricing
Zimtra's size allows us to negotiate the lowest rates and highest tiers with vendors, exchanges, and dark pools, giving you access to the highly liquid US equities markets at institutional-level pricing, just like Wall Street's biggest trading floors. To support your trading strategies, we offer comprehensive market data packages tailored to all levels, including advanced charting tools, news feeds, and a range of subscription options, ensuring you always have access to the most up-to-date market information.
Leading EMS Platforms
We support leading Execution Management Systems (EMSs) and provide access to multiple trading platforms, including Sterling and DAS, designed specifically for equities trading. This allows you to choose the platform that best suits your needs and trade confidently on every US stock exchange. The monthly software fee varies based on your trading volume, and market data is passed through at prevailing market rates.
Get Monthly Payouts
As a Zimtra trader, your participate in our unique profit-sharing system, your payout percentage is the highest in the industry and increases based on your performance, allowing you to reach your financial goals quicker.
Third-Party Trading Costs
At Zimtra, we do not charge you administrative fees to open or operate your account. All third-party trading costs, such as market data, exchange commissions, stock locates, interest rates for overnight positions, and regulatory fees, are passed through to you at prevailing market rates.
Choose the account type
that suits your trading style

Intermediate

Get started

Pro

Get started

Elite

Get started
General
Minimum Refundable Bond
$1,000
$1,000
$1,000
Buying Power Ratio
1:1
4:1
10:1+ long
2:1 short under $10K
Profit Payout
100%
100%
90%
Max Position Exposure
20% of Buying Power
20% of Buying Power
20% of Buying Power
Trading Hours
4 AM - 8 PM EST
4 AM - 8 PM EST
4 AM - 8 PM EST
Allowed Overnight Exposure
$10K min account deposit required for short.
1:1
2:1
2:1
Short Selling
Buying Power 2:1 for stocks >$1 only
No shorting of symbols with price at or below $1 with balances less than $15,000.
Locates
Expert Locate Router
Elite Locate Router
Elite Locate Router
PDT Rule
No
No
No
Daily Max Loss
10% of Bond Balance
10% of Bond Balance
10% of Bond Balance
Monthly cost
$99
Prevailing rates for platform and Market Data passed through,
no markup
Execution Routes
ZXPRT, ZMIDLOW
Advanced Liquidity Routes
Smart & Dark Execution
Advanced Liquidity Routes
Smart & Dark Execution
Trading Commissions
per monthly Traded Volume
Free commissions
Volume based
No per trade minimums
Volume based
No per trade minimums
0 – 250k
$0
$0.0015
$0.0015
250k – 5mm
$0
$0.0010
$0.0010
5mm+
$0
$0.0005
$0.0005
Trading Platforms
DAS Web platform & Level 1 Market Data available.
Custom L1 & L2 market data at default rates
Custom L1 & L2 market data at default rates
Sterling Trader Pro
—
$60 or $235
$60 or $235
DAS Pro
—
$125
$125
DAS Web
Free
$70
$70

Basic

Popular
$96/year
Basic features for up to 10 users with everything you need.
Get started

Business

$192/year
Advanced features and reporting, better workflows and automation.
Get started

Enterprise

$384/year
Personalised service and enterprise security for large teams.
Get started
Overview
Basic features
Users
10
20
Unlimited
Individual data
20GB
40GB
Unlimited
Support
Automated workflows
200+ integrations
Reporting and analytics
Analytics
Basic
Advanced
Advanced
Export reports
Scheduled reports
API access
Advanced reports
Saved reports
Customer properties
Custom fields
User access
SSO/SAML authentication
Advanced permissions
Audit log
Data history

Intermediate
General
Minimum Refundable Bond
$1,000
Buying Power Ratio
1:1
Profit Payout
100%
Max Position Exposure
20% of Buying Power
Trading Hours
4 AM - 8 PM EST
Allowed Overnight Exposure
$10K min account deposit required for short.
1:1
Short Selling
Buying Power 2:1 for stocks >$1 only
Locates
Expert Locate Router
PDT Rule
No
Daily Max Loss
10% of Bond Balance
Monthly cost
$99
Execution Routes
ZXPRT, ZMIDLOW
Trading Commissions
Free commissions
Trading Platforms
DAS Web platform & Level 1 Market Data available.
Sterling Trader Pro
—
DAS Pro
—
DAS Web
Free

Pro
General
Minimum Refundable Bond
$1,000
Buying Power Ratio
4:1
Profit Payout
100%
Max Position Exposure
20% of Buying Power
Trading Hours
4 AM - 8 PM EST
Allowed Overnight Exposure
$10K min account deposit required for short.
2:1
Short Selling
Buying Power 2:1 for stocks >$1 only
Locates
Elite Locate Router
PDT Rule
No
Daily Max Loss
10% of Bond Balance
Monthly cost
Prevailing rates for platform and Market Data passed through,
no markup
Execution Routes
Advanced Liquidity Routes
Smart & Dark Execution
Trading Commissions
per monthly Traded Volume
Volume based
No per trade minimums
0 – 250k
$0.0015
250k – 5mm
$0.0010
5mm+
$0.0005
Trading Platforms
Custom L1 & L2 market data at default rates
Sterling Trader Pro
$60 or $235
DAS Pro
$125
DAS Web
$70

Elite
General
Minimum Refundable Bond
$1,000
Buying Power Ratio
10:1+ long
2:1 short under $10K
Profit Payout
90%
Max Position Exposure
20% of Buying Power
Trading Hours
4 AM - 8 PM EST
Allowed Overnight Exposure
$10K min account deposit required for short.
2:1
Short Selling
Buying Power 2:1 for stocks >$1 only
Locates
Elite Locate Router
PDT Rule
No
Daily Max Loss
10% of Bond Balance
Monthly cost
Prevailing rates for platform and Market Data passed through,
no markup
Execution Routes
Advanced Liquidity Routes
Smart & Dark Execution
Trading Commissions
per monthly Traded Volume
Volume based
No per trade minimums
0 – 250k
$0.0015
250k – 5mm
$0.0010
5mm+
$0.0005
Trading Platforms
Custom L1 & L2 market data at default rates
Sterling Trader Pro
$60 or $235
DAS Pro
$125
DAS Web
$70
Want to test your skills paper trading first?

Try Simulator
General
Minimum
Account deposit
$0
PDT Rule
No
Trading Commissions
$0
Trading Platforms
Sterling Simulator
Monthly cost
$0
Mobile platform
No
Market Data
Free Real Time L1
Zimtra Trader Portal
Access
Yes
Account Opening Offer
$0 for 1 month access. 
Non-Pro traders only.
Apply for
the simulator
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Question 1 of 3
Please, answer a few questions
Do you use market data for your own personal benefit and not for your business or any other entity or commercial benefit? This includes if you advise, teach, or sell investment or trading strategies.
No
Yes
Execution Routes
Route
Add
Liquidity ($)
<$1 Add
Liquidity
Remove
Liquidity ($)
<$1 Remove
Liquidity
Route out
<$1 Route out
Market
Hours
Description
ZREB
-0.0025
0
0
0.001
0
0.001
4:00 AM
8:00 PM
Intelligently seeks liquidity in lit exchanges and dark pools up to the trader's limit. Any non-marketable quantity will be posted at the limit for a rebate.
Costs 30 bps to remove Subdollar between 4 AM and 7 AM. Better suited for professional traders.
ZPRO
0
0
0
0.001
0
0.001
4:00 AM
8:00 PM
This destination intelligently seeks liquidity in lit exchanges and dark pools to the trader's limit.
Costs 30 bps to remove Subdollar between 4 AM and 7 AM. Better suited for beginner traders.
ZSOR
-0.0025
0.3%
0.0025
0.3%
0.0025
0.3%
9:30 AM
4:00 PM
Intelligently seeks liquidity in lit exchanges and dark pools up to the trader's limit. Any non-marketable quantity will be posted at the limit for a rebate.
ZDARK
0.0015
0.3%
0.0015
0.3%
0.0015
0.3%
9:30 AM
4:00 PM
Intelligently seeks liquidity at dark pools up to the trader's limit.
Any unfilled balance will be posted at  dark pools
ZMID
0.0015
0.3%
0.0015
0.3%
0.0015
0.3%
9:30 AM
4:00 PM
Intelligently seeks mid-point or better liquidity at dark pools up to the trader's limit. Any unfilled balance will be posted at mid-point in the dark.
ZPOST
-0.0025
0
N/A
N/A
N/A
N/A
9:30 AM
4:00 PM
Post only destination
ZSTOP
0.004
0.4%
0.004
0.4%
0.004
0.4%
9:30 AM
4:00 PM
Exchange STOP order that triggers at specified limit price.
AMEX
-0.0016
0
0.003
0.25%
0.003
0.3%
7:00 AM
4:00 PM
Smart order router for removes, with a post to AMEX exchange
ARCA
-0.002
0
0.003
0.3%
0.003
0.35%
4:00 AM
8:00 PM
Smart order router for removes, with a post to ARCA exchange
BATS
-0.0016
0
0.003
0.3%
0.003
0.3%
7:00 AM
8:00 PM
Smart order router for removes, with a post to BATS Z exchange
BYX
0.002
0
-0.0002
0.1%
0.003
0.29%
7:00 AM
8:00 PM
Smart order router for removes, with a post to BATS Y exchange
EDGA
-0.0027
0
0.003
0.3%
0.003
0.3%
7:00 AM
8:00 PM
Smart order router for removes, with a post to EDGA exchange
EDGX
-0.0016
-0.00003
0.003
0.3%
0.003
0.3%
7:00 AM
8:00 PM
Smart order router for removes, with a post to EDGX exchange
MEMX
-0.0015
-0.075%
0.003
0.3%
0.003
0.3%
7:00 AM
5:00 PM
Smart order router for removes, with a post to MEMX exchange
MIAX
-0.0021
-0.15%
0.00295
0.25%
0.003
0.3%
9:30 AM
4:00 PM
Smart order router for removes, with a post to MIAX exchange
NQPX
-0.002
0
0.003
0.3%
0.003
0.3%
8:00 AM
5:00 PM
Smart order router for removes, with a post to Nasdaq PSX exchange
NSDQ
-0.0018
0
0.003
0.3%
0.003
0.3%
4:00 AM
8:00 PM
Smart order router for removes, with a post to Nasdaq exchange
NQBX
0.003
0
0.0007
0.3%
0.003
0.3%
7:00 AM
7:00 PM
Smart order router for removes, with a post to Nasdaq BX exchange
NYSE
-0.0012
0
0.003
0.3%
0.0035
0.3%
6:30 AM
4:00 PM
Smart order router for removes, with a post to NYSE exchange
OPEN
0.0016
0.3%
0.0016
0.3%
0.0016
0.3%
4:00 AM
4:00 PM
Opening auction order type, with posting to the symbols primary listing exchange. Supports Limit or Market
CLOSE
0.0016
0.3%
0.0016
0.3%
0.0016
0.3%
4:00 AM
4:00 PM
Closing auction order type, with posting to the symbols primary listing exchange. Supports Limit or Market

Basic

Popular
$96/year
Basic features for up to 10 users with everything you need.
Get started

Business

$192/year
Advanced features and reporting, better workflows and automation.
Get started

Enterprise

$384/year
Personalised service and enterprise security for large teams.
Get started
Overview
Basic features
Users
10
20
Unlimited
Individual data
20GB
40GB
Unlimited
Support
Automated workflows
200+ integrations
Reporting and analytics
Analytics
Basic
Advanced
Advanced
Export reports
Scheduled reports
API access
Advanced reports
Saved reports
Customer properties
Custom fields
User access
SSO/SAML authentication
Advanced permissions
Audit log
Data history
* All rates in this schedule are indicitive of prevailing rates publically disclosed by each respective exchange and are subject to change without notice
** Negative rates indicate a rebate per share traded, while positive rates indicate a charge per share traded
*** Rebates rates indicated for adding are only for fully displayed orders. Partially displayed or hidden orders may be subject to different rates as per the exchanges
Execution Routes
ZDARK
9:30AM - 4:00PM
Add
Liquidity ($)
0.0015
<$1 Add
Liquidity
0
Remove
Liquidity ($)
0.0015
<$1 Remove
Liquidity
0.3%
Route out
0.0015
Intelligently seeks liquidity at dark pools up to the trader's limit.
Any unfilled balance will be posted at  dark pools
ZREB
4:00 AM - 8:00 PM
Add
Liquidity ($)
-0.0025
<$1 Add
Liquidity
0
Remove
Liquidity ($)
0
<$1 Remove
Liquidity
0.001
Route out
0
<$1 Route out
0.001
Intelligently seeks liquidity in lit exchanges and dark pools up to the trader's limit. Any non-marketable quantity will be posted at the limit for a rebate.
Costs 30 bps to remove Subdollar between 4 AM and 7 AM. Better suited for professional traders.
ZPRO
4:00 AM - 8:00 PM
Add
Liquidity ($)
0
<$1 Add
Liquidity
0
Remove
Liquidity ($)
0
<$1 Remove
Liquidity
0.001
Route out
0
<$1 Route out
0.001
This destination intelligently seeks liquidity in lit exchanges and dark pools to the trader's limit.
Costs 30 bps to remove Subdollar between 4 AM and 7 AM. Better suited for beginner traders.
ZSOR
9:30 AM - 4:00 PM
Add
Liquidity ($)
-0.0025
<$1 Add
Liquidity
0.3%
Remove
Liquidity ($)
0.0025
<$1 Remove
Liquidity
0.003
Route out
0.0025
<$1 Route out
0.3%
Intelligently seeks liquidity in lit exchanges and dark pools up to the trader's limit.
Any non-marketable quantity will be posted at the limit for a rebate.
ZDARK
9:30 AM - 4:00 PM
Add
Liquidity ($)
0.0015
<$1 Add
Liquidity
0.3%
Remove
Liquidity ($)
0.0015
<$1 Remove
Liquidity
0.3%
Route out
0.0015
<$1 Route out
0.3%
Intelligently seeks liquidity at dark pools up to the trader's limit.
Any unfilled balance will be posted at  dark pools
ZMID
9:30 AM - 4:00 PM
Add
Liquidity ($)
0.0015
<$1 Add
Liquidity
0.3%
Remove
Liquidity ($)
0.0015
<$1 Remove
Liquidity
0.3%
Route out
0.0015
<$1 Route out
0.3%
Intelligently seeks mid-point or better liquidity at dark pools up to the trader's limit.
Any unfilled balance will be posted at mid-point in the dark.
ZPOST
9:30 AM - 4:00 PM
Add
Liquidity ($)
-0.0025
<$1 Add
Liquidity
0
Remove
Liquidity ($)
N/A
<$1 Remove
Liquidity
N/A
Route out
N/A
<$1 Route out
N/A
Post only destination
ZSTOP
9:30 AM - 4:00 PM
Add
Liquidity ($)
0.004
<$1 Add
Liquidity
0.4%
Remove
Liquidity ($)
0.004
<$1 Remove
Liquidity
0.4%
Route out
0.004
<$1 Route out
0.4%
Exchange STOP order that triggers at specified limit price.
AMEX
7:00 AM - 4:00PM
Add
Liquidity ($)
-0.0016
<$1 Add
Liquidity
0
Remove
Liquidity ($)
0.003
<$1 Remove
Liquidity
0.25%
Route out
0.003
<$1 Route out
0.3%
Smart order router for removes, with a post to AMEX exchange
ARCA
4:00 AM - 8:00 PM
Add
Liquidity ($)
-0.002
<$1 Add
Liquidity
0
Remove
Liquidity ($)
0.003
<$1 Remove
Liquidity
0.3%
Route out
0.0035
<$1 Route out
0.35%
Smart order router for removes, with a post to ARCA exchange
BATS
7:00 AM - 8:00 PM
Add
Liquidity ($)
-0.0016
<$1 Add
Liquidity
0
Remove
Liquidity ($)
0.003
<$1 Remove
Liquidity
0.3%
Route out
0.003
<$1 Route out
0.3%
Smart order router for removes, with a post to BATS Z exchange
BYX
7:00 AM - 8:00 PM
Add
Liquidity ($)
0.002
<$1 Add
Liquidity
0
Remove
Liquidity ($)
-0.0002
<$1 Remove
Liquidity
0.1%
Route out
0.003
<$1 Route out
0.29%
Smart order router for removes, with a post to BATS Y exchange
EDGA
7:00 AM - 8:00 PM
Add
Liquidity ($)
-0.0027
<$1 Add
Liquidity
0
Remove
Liquidity ($)
0.003
<$1 Remove
Liquidity
0
Route out
0.003
<$1 Route out
0.3%
Smart order router for removes, with a post to EDGA exchange
EDGX
7:00 AM - 8:00 PM
Add
Liquidity ($)
-0.0016
<$1 Add
Liquidity
-0.00003
Remove
Liquidity ($)
0.003
<$1 Remove
Liquidity
0.3%
Route out
0.003
<$1 Route out
0.3%
Smart order router for removes, with a post to EDGX exchange
MEMX
7:00 AM - 5:00 PM
Add
Liquidity ($)
-0.0015
<$1 Add
Liquidity
-0.075%
Remove
Liquidity ($)
0.003
<$1 Remove
Liquidity
0.3%
Route out
0.003
<$1 Route out
0.3%
Smart order router for removes, with a post to MEMX exchange
MIAX
9:30 AM - 4:00 PM
Add
Liquidity ($)
-0.0021
<$1 Add
Liquidity
-0.15%
Remove
Liquidity ($)
0.00295
<$1 Remove
Liquidity
0.25%
Route out
0.003
<$1 Route out
0.3%
Smart order router for removes, with a post to MIAX exchange
NQPX
7:00 AM - 7:00 PM
Add
Liquidity ($)
-0.002
<$1 Add
Liquidity
0
Remove
Liquidity ($)
0.003
<$1 Remove
Liquidity
0.3%
Route out
0.003
<$1 Route out
0.3%
Smart order router for removes, with a post to Nasdaq PSX exchange
NSDQ
4:00 AM - 8:00 PM
Add
Liquidity ($)
-0.0018
<$1 Add
Liquidity
0
Remove
Liquidity ($)
0.003
<$1 Remove
Liquidity
0.3%
Route out
0.003
<$1 Route out
0.3%
Smart order router for removes, with a post to Nasdaq exchange
NQBX
4:00 AM - 8:00 PM
Add
Liquidity ($)
0.003
<$1 Add
Liquidity
0
Remove
Liquidity ($)
0.0007
<$1 Remove
Liquidity
0.3%
Route out
0.003
<$1 Route out
0.3%
Smart order router for removes, with a post to Nasdaq BX exchange
NYSE
6:30 AM - 4:00 PM
Add
Liquidity ($)
-0.0012
<$1 Add
Liquidity
0
Remove
Liquidity ($)
0.003
<$1 Remove
Liquidity
0.3%
Route out
0.0035
<$1 Route out
0.3%
Smart order router for removes, with a post to NYSE exchange
OPEN
4:00 AM - 4:00 PM
Add
Liquidity ($)
0.0016
<$1 Add
Liquidity
0.3%
Remove
Liquidity ($)
0.0016
<$1 Remove
Liquidity
0.3%
Route out
0.0016
<$1 Route out
0.3%
Opening auction order type, with posting to the symbols primary listing exchange.
Supports Limit or Market
CLOSE
4:00 AM - 4:00 PM
Add
Liquidity ($)
0.0016
<$1 Add
Liquidity
0.3%
Remove
Liquidity ($)
0.0016
<$1 Remove
Liquidity
0.3%
Route out
0.0016
<$1 Route out
0.3%
Closing auction order type, with posting to the symbols primary listing exchange.
Supports Limit or Market
* All rates in this schedule are indicitive of prevailing rates publically disclosed by each respective exchange and are subject to change without notice
** Negative rates indicate a rebate per share traded, while positive rates indicate a charge per share traded
*** Rebates rates indicated for adding are only for fully displayed orders. Partially displayed or hidden orders may be subject to different rates as per the exchanges
Execution Routes
ZDARK
9:30AM - 4:00PM
Add
Liquidity ($)
0.0015
<$1 Add
Liquidity
0
Remove
Liquidity ($)
0.0015
<$1 Remove
Liquidity
0.3%
Route out
0.0015
Intelligently seeks liquidity at dark pools up to the trader's limit.
Any unfilled balance will be posted at  dark pools
AMEX
9:30AM - 4:00PM
Add
Liquidity ($)
-0.0016
<$1 Add
Liquidity
0
Remove
Liquidity ($)
0.003
<$1 Remove
Liquidity
0.3%
Route out
0.003
Market
Hours
9:30AM - 4:00PM
Smart order router for removes, with a post to AMEX exchange
ARCA
9:30AM - 4:00PM
Add
Liquidity ($)
-0.002
<$1 Add
Liquidity
0
Remove
Liquidity ($)
0.003
<$1 Remove
Liquidity
0.3%
Route out
0.003
Market
Hours
4:00AM - 8:00PM
Smart order router for removes, with a post to ARCA exchange
BATS
9:30AM - 4:00PM
Add
Liquidity ($)
-0.0016
<$1 Add
Liquidity
0
Remove
Liquidity ($)
0.003
<$1 Remove
Liquidity
0.3%
Route out
0.003
Market
Hours
9:30AM - 4:00PM
Smart order router for removes, with a post to BATS Z exchange
BYX
9:30AM - 4:00PM
Add
Liquidity ($)
0.002
<$1 Add
Liquidity
0
Remove
Liquidity ($)
-0.0002
<$1 Remove
Liquidity
0.3%
Route out
0.003
Market
Hours
9:30AM - 4:00PM
Smart order router for removes, with a post to BATS Y exchange
EDGA
9:30AM - 4:00PM
Add
Liquidity ($)
0.003
<$1 Add
Liquidity
0
Remove
Liquidity ($)
-0.0016
<$1 Remove
Liquidity
0.3%
Route out
0.003
Market
Hours
9:30AM - 4:00PM
Smart order router for removes, with a post to EDGA exchange
EDGX
9:30AM - 4:00PM
Add
Liquidity ($)
-0.0016
<$1 Add
Liquidity
0
Remove
Liquidity ($)
0.003
<$1 Remove
Liquidity
0.3%
Route out
0.003
Market
Hours
9:30AM - 4:00PM
Smart order router for removes, with a post to EDGX exchange
MEMX
9:30AM - 4:00PM
Add
Liquidity ($)
-0.0015
<$1 Add
Liquidity
0
Remove
Liquidity ($)
0.003
<$1 Remove
Liquidity
0.3%
Route out
0.003
Market
Hours
9:30AM - 5:00PM
Smart order router for removes, with a post to MEMX exchange
MIAX
9:30AM - 4:00PM
Add
Liquidity ($)
-0.0024
<$1 Add
Liquidity
-0.15%
Remove
Liquidity ($)
0.003
<$1 Remove
Liquidity
0.3%
Route out
0.003
Market
Hours
9:30AM - 4:00PM
Smart order router for removes, with a post to MIAX exchange
NQPX
9:30AM - 4:00PM
Add
Liquidity ($)
-0.002
<$1 Add
Liquidity
0
Remove
Liquidity ($)
0.003
<$1 Remove
Liquidity
0.3%
Route out
0.003
Market
Hours
4:00AM - 8:00PM
Smart order router for removes, with a post to Nasdaq PSX exchange
NSDQ
9:30AM - 4:00PM
Add
Liquidity ($)
-0.002
<$1 Add
Liquidity
0
Remove
Liquidity ($)
0.003
<$1 Remove
Liquidity
0.3%
Route out
0.003
Market
Hours
9:30AM - 4:00PM
Smart order router for removes, with a post to Nasdaq exchange
NQBX
9:30AM - 4:00PM
Add
Liquidity ($)
0.003
<$1 Add
Liquidity
0
Remove
Liquidity ($)
0.0007
<$1 Remove
Liquidity
0.3%
Route out
0.003
Market
Hours
9:30AM - 4:00PM
Smart order router for removes, with a post to Nasdaq BX exchange
NYSE
9:30AM - 4:00PM
Add
Liquidity ($)
-0.0012
<$1 Add
Liquidity
0
Remove
Liquidity ($)
0.003
<$1 Remove
Liquidity
0.3%
Route out
0.0035
Market
Hours
4:00AM - 4:00PM
Smart order router for removes, with a post to NYSE exchange
CLOSE
9:30AM - 4:00PM
Add
Liquidity ($)
N/A
<$1 Add
Liquidity
0.3%
Remove
Liquidity ($)
0.0016
<$1 Remove
Liquidity
0.3%
Route out
N/A
Market
Hours
4:00AM - 4:00PM
Closing auction order type, with posting to the symbols primary listing exchange.
Supports Limit or Market
OPEN
9:30AM - 4:00PM
Add
Liquidity ($)
N/A
<$1 Add
Liquidity
0.3%
Remove
Liquidity ($)
0.0016
<$1 Remove
Liquidity
0.3%
Route out
N/A
Market
Hours
4:00AM - 4:00PM
Opening auction order type, with posting to the symbols primary listing exchange.
Supports Limit or Market
ZSOR
9:30AM - 4:00PM
Add
Liquidity ($)
-0.0025
<$1 Add
Liquidity
0.3%
Remove
Liquidity ($)
0.0025
<$1 Remove
Liquidity
0.003
Route out
0.0025
Market
Hours
9:30AM - 4:00PM
Intelligently seeks liquidity in Lit exchanges and Dark pools up to the trader's limit.
Any non-marketable quantity will be posted at the limit for a rebate
ZMID
9:30AM - 4:00PM
Add
Liquidity ($)
0.0015
<$1 Add
Liquidity
0
Remove
Liquidity ($)
0.0015
<$1 Remove
Liquidity
0.003
Route out
0.0015
Market
Hours
9:30AM - 4:00PM
Intelligently seeks mid-point or better liquidity at dark pools up to the trader's limit.
Any unfilled balance will be posted at mid- point in the dark
ZDARK
9:30AM - 4:00PM
Add
Liquidity ($)
0.0015
<$1 Add
Liquidity
0
Remove
Liquidity ($)
0.0015
<$1 Remove
Liquidity
0.003
Route out
0.0015
Market
Hours
9:30AM - 4:00PM
Intelligently seeks liquidity at dark pools up to the trader's limit.
Any unfilled balance will be posted at  dark pools
* All rates in this schedule are indicitive of prevailing rates publically disclosed by each respective exchange and are subject to change without notice
** Negative rates indicate a rebate per share traded, while positive rates indicate a charge per share traded
*** Rebates rates indicated for adding are only for fully displayed orders. Partially displayed or hidden orders may be subject to different rates as per the exchanges