PricingBeing able to focus on your trading strategies and not worry about what each trade is costing you is exactly what our pricing schedule offers. At Lightspeed, there are NO TICKET CHARGES and NO TRADE MINIMUMS.
Equities
Options
Futures
Equities – Comparison based on 100 share standard rate order placed online or via a trading platform. Pricing does not apply to broker assisted, OTCBB, and Pink Sheet orders. Does not include any equity routing charges/rebates. Pricing is believed to be accurate from the as of date, but not guaranteed. Please see full pricing schedule for details.
Options – Based on standard option rates of listed firms. Pricing comparison is believed to be accurate from the as of date, but not guaranteed. Please see full pricing schedule for details.
Futures – Based on standard futures rates of listed firms offering. Pricing comparison is believed to be accurate from the as of date, but not guaranteed. Does not include any Futures exchange fees which apply to all firms. Please see full pricing schedule for details.
*Market Center fees not charged to Web Trader users
OTCBB and Pink Sheets pricing is $10 up to 15,000 shares for Lightspeed Trader & 20,000 shares for Lightspeed Web Trader.
All additional shares in excess of respective caps are charged at $0.0005.
Futures trading only available on Lightspeed Trader
Web Trader Note: Odd lot orders < 100 shares are charged $0.40 cents per trade
See an example of how market center fees impact your total transaction costs!
EXAMPLE:
If you want to send an order to buy 100 shares of AAPL. Your commission will have two components: If you send this 100 share order as a market or marketable limit (take liquidity) order to NASDAQ, your total commission will be $0.70. This charge is made up of the $0.40 commission paid to Lightspeed plus the $0.30 market center fee charged by NASDAQ for taking liquidity. However, If you send this 100 share order as a displayed limit (adding liquidity) order to NASDAQ, your total commission will only be $0.20. This charge is made up of the $0.40 commission paid to Lightspeed minus the $0.20 rebate given back to you by NASDAQ for adding liquidity. You can choose to send your orders to exchanges which have lower market center fees or in some cases no market center fees at all. For Example, the EDGA ECN currently has ZERO charge for taking liquidity. There is also no rebate for adding liquidity. If your 100 share order is executed on the EDGA ECN your total commission will only total the $0.40 charged by Lightspeed. The term “Outbound” refers to an order which is routed from its original destination to another venue. As you can see, Lightspeed gives you full control over your order routing and the associated execution costs. Keep up to date with current routing fees charged by the exchanges to help you make the best decision about where to send your orders. Minimizing your execution costs = Keeping more of your profits.
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. Lightspeed passes along all rebates at the time of each transaction. 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.
To view the current contract month use the following code:
To view futures quotes in Lightspeed type / followed by the product symbol followed by the expiration month code and last digit of the year.
Example: To see the December 2009 S&P 500 E-mini Contract type in /ESZ9. ES is the product symbol, Z is the December expiration month code, 9 is the last digit of the 2009 expiration year. Lightspeed Trader
Lightspeed Web Trader
*NYSE data feed subscribers with multiple terminals may be eligible for reduced per/terminal rates
*See link to determine Professional or Non-Professional status *Fees and rates are subject to change without prior notice.
i Represents the fee per cusip per deposit at the time of deposit plus all fees associated with clearing stock from client name to street name. This includes all transfer agent fees and UPS mailing fees to and from the transfer agent and DTCC. If the certificate is rejected for paperwork from the transfer agent or DTCC, the rejection fee will be charged to the client account along with any redeposit fees.
ii Additionally any wire transfer, stock processing, DWAC, UPS, or any other additional fees apply iii Represents the fee per certificate required to satisfy a trade or to re-register from the other B/D to Penson name plus all costs from the transfer agent, DTCC NY window processing fee, and UPS to and from the transfer agent for each breakdown. The typical cost for a breakdown of shares can range from $25-$450 + depending on the number of certificates needed to satisfy the trade or number of certificates received from the other B/D. iv Represents the fee per certificate withdrawal plus DTCC fees, UPS fees to customer, and transfer agent fees charged to Penson by DTCC. v Charged when a request is made to status a certificate within 10 days from receipt of completed physical stock certificate. The 10 days starts from the date sent to DTCC or transfer agent. |
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System response and account access times may vary due to a variety of factors, including trading volumes, market conditions, system performance, and other factors.
Securities executed through an affiliated broker dealer, Lightspeed Trading, LLC. (Member FINRA, SIPC)