Routes and Fees
| Route | Adding Liquidity | Taking Liquidity | Additional Information | Time of Operation (ET) |
|---|---|---|---|---|
| AGGS | -0.0032 | -0.0032 | Instinet Smart Order Router | 4:00AM - 8:00PM |
| ALGO | -0.0025 | -0.0025 | Clearpool Algo Suite Order Entry | 9:30AM - 4:00PM |
| ARCAS | 0.002 | -0.0032 | Posts on ARCA, takes as a Smart Order Router. No rebates on stocks under $1 (0.0005 per share fee) | 4:00AM - 8:00PM |
| ARCS* | 0.002 | -0.0032 | Posts on ARCA, takes as a Smart Order Router. No rebates on stocks under $1 (0.0005 per share fee) | 4:00AM - 8:00PM |
| CFAN | 0.002 | -0.0028 | Coda Markets Smart Order Router. No rebates on stocks under $1 (0.0005 per share fee) | 7:00AM - 5:00PM |
| CLST* | -0.002 | -0.002 | Clearstreet Market Maker Wheel Route for OTC Securities | 9:30AM - 4:00PM |
| CPGO* | -0.002 | -0.002 | Smart Order Router, first destination PDQ ATS | 7:00AM - 5:00PM |
| CPGOS | 0 | 0 | Sage Smart Order Router | 4:00AM - 8:00PM |
| CPMM | -0.0015 | -0.0015 | Coda Markets Market Maker Wheel Router | 9:30AM - 4:00PM |
| DHYD | -0.003 | -0.003 | Coda Markets Dark Pool Router | 9:30AM - 4:00PM |
| DKAP | -0.004 | -0.004 | Clearpool Dark Pool TWAP router, will work the order from time of entry to 4:00 PM EST | 9:30AM - 4:00PM |
| EDGA | -0.0032 | -0.0032 | EDGA through CODA Markets | 9:30AM - 4:00PM |
| EDGX | 0.002 | -0.0032 | EDGX through CODA Markets. No rebates on stocks under $1 (0.0005 per share fee) | 9:30AM - 4:00PM |
| FAN* | 0.002 | -0.0032 | Virtu Smart Order Router. No rebates on stocks under $1 (0.0005 per share fee) | 4:00AM - 8:00PM |
| HEAT | -0.002 | -0.002 | Speedroute Market Maker Wheel Router | 9:30AM - 4:00PM |
| LIMIT | -0.002 | -0.002 | Smart Order Router, first destination PDQ ATS (CPGO) | 7:00AM - 5:00PM |
| MARKET | -0.002 | -0.002 | Smart Order Router, first destination PDQ ATS (CPGO) | 9:30AM - 5:00PM |
| STOP | -0.002 | -0.002 | Smart Order Router, first destination PDQ ATS (CPGO) | 9:30AM - 5:00PM |
| NITE | -0.002 | -0.002 | Virtu Market Maker Route | 9:30AM - 4:00PM |
| NSDQS | 0.002 | -0.0032 | Posts on NSDQ, takes as a Smart Order Router. No rebates on stocks under $1 (0.0005 per share fee) | 4:00AM - 8:00PM |
| NYSE | -0.0035 | -0.0035 | NYSE through Instinet | 9:30AM - 4:00PM |
| OTCP | -0.0035 | -0.0035 | Clearpool Market Maker Wheel Router for OTC Securities | 9:30AM - 4:00PM |
| OTCX** | -0.001 | -0.0045 | OTCX Route for OTC Securities | 9:30AM - 4:00PM |
| PDRK | -0.0025 | -0.0025 | Coda Markets Dark Pool Router | 9:30AM - 4:00PM |
| PIOC | -0.001 | -0.001 | Coda Markets Market Maker Wheel Router, immediate or cancel only | 9:30AM - 4:00PM |
| PMID | -0.0025 | -0.0025 | Coda Markets Mid-Point Router | 9:30AM - 4:00PM |
| PSMT | -0.0024 | -0.0024 | Coda Markets Smart Order Router | 9:30AM - 4:00PM |
| TWAP | -0.0025 | -0.0025 | Clearpool TWAP Router, will work the order from time of entry to 4:00 PM EST | 9:30AM - 4:00PM |
| TWAP15 | -0.0025 | -0.0025 | Clearpool TWAP Router, will work the order from time of entry for 15 minutes | 9:30AM - 4:00PM |
| TWAP2 | -0.0025 | -0.0025 | Clearpool TWAP Router, will work the order from time of entry for 2 minutes | 9:30AM - 4:00PM |
| TWAP30 | -0.0025 | -0.0025 | Clearpool TWAP Router, will work the order from time of entry for 30 minutes | 9:30AM - 4:00PM |
| TWAP5 | -0.0025 | -0.0025 | Clearpool TWAP Router, will work the order from time of entry for 5 minutes | 9:30AM - 4:00PM |
| TWAP60 | -0.0025 | -0.0025 | Clearpool TWAP Router, will work the order from time of entry for 60 minutes | 9:30AM - 4:00PM |
| XALL* | -0.0032 | -0.0032 | Clearpool Smart Order Router | 4:00AM - 8:00PM |
| XDAG | -0.0025 | -0.0025 | Clearpool Dark Pool Router | 9:30AM - 4:00PM |
| XDRK | -0.002 | -0.002 | Clearpool Market Maker Wheel Router | 9:30AM - 4:00PM |
| XMID | -0.0025 | -0.0025 | Clearpool Mid-Point Router | 9:30AM - 4:00PM |
| SMRT | 0 | 0 | Instinet Options Smart Order Router | 9:30AM - 4:00PM |
| DSMT | 0 | 0 | Dash Options Smart Order Router | 9:30AM - 4:00PM |
| COMP | 0 | 0 | Instinet Complex Options Smart Order Router | 9:30AM - 4:00PM |
All routes available on CenterPoint Pro
* Select routes available on CenterPoint Web
Rates are subject to change at any time. Please call the support desk for most up to date pricing (1-844-811-0118).
Adding liquidity for stocks <$1.00 will incur a charge of 0.0005
Route times are Eastern Standard Time
On DAS, all routes above will end in ‘L’ or ‘M.’ Use ‘L’ for Limit orders and ‘M’ for Market orders
Regulatory Fees:
Section 31 Fee: $0.0000229 per $1.00 of principal amount sold
NSCC, DTC Fees: 0.00004/share (Maximum 0.5% of trade value)
Trading Activity Fee: $0.000130 per equity share ($6.49 max). $0.00218 per options contract.
The “Section 31 Fee” applies to certain sell transactions, assessed at a rate consistent with Section 31 of the Securities Exchange Act of 1934. CenterPoint Securities remits these fees to certain self-regulatory organizations and national securities exchanges, which in turn make payment to the SEC. These fees are intended to cover the costs incurred by the government, including the SEC, for supervising and regulating the securities markets and securities professionals. The rate is subject to annual and mid-year adjustments which may not be immediately known to CenterPoint; as a result, the fee assessed may differ from or exceed the actual amount of the fee applicable to your transaction. Any excess may be retained by CenterPoint. Fees are rounded to the nearest penny.
Disclosure:
All routes are directed to other broker dealers for execution. The descriptions listed above are based on information provided to us by these brokers. The smart routers, and logic programmed into the routers that determines order destination, is under full control of the brokers that receive the orders.
**Any stock under $1/share will incur a $0.0045/share routing fee when using the OTCX route.