|
Commissions
Fees
Margin Rates
SDK
Commissions
| Type of Order |
Commission |
| EQUITIES§
|
Market Orders*
Listed Securities
OTC |
$12.95
$12.95 |
Limit
Orders*
Listed Securities
OTC |
$15.95
$12.95 |
| American Depositary Receipts(ADRs)* |
$12.95 |
| Canadian Equities |
C$9.95 + 5 mils (C$0.005) per share
Equities under a dollar will be charged a flat fee of C$15.95. |
| OPTIONS |
| Option
Orders** |
$18.00 + $1.75 per contract
($25.00 minimum) |
| Option
Exercise/Assignment Fee |
$27.95 |
| FUNDS |
|
Exchange-Traded Funds (ETFs) |
$12.95 |
| Open-End
(Mutual) Funds |
|
| -
No-Load |
$25.00 |
| -
Low-Load & Load |
$25.00 + load assessed
by the fund |
| CURRENCIES |
| Currency
Orders |
No Commission |
| FUTURES |
| Futures
Orders*** |
$7.00 per contract |
|
BROKER-ASSISTED TRADES |
$15.00 surcharge + regular commission |
| |
|
§ Equity trades are subject to regulatory transaction fees.
They may also incur additional charges depending on where the trade is routed.
|
Per share charge for orders executed on the following systems:
| SuperDot |
$.005 |
SuperMontage |
$.003 |
ECN |
Varies by ECN, see below |
Per share
charge and rebate for orders executed on the following platforms:
|
|
Charge |
Rebate |
|
|
|
($ per share) |
($ per share) |
|
ARCA |
|
|
|
NYSE,
AMEX & Nasdaq |
.003 |
.002 |
|
OTCBB securities (ARCAEdge) |
|
|
|
|
Adding liquidity
|
-- |
-- |
|
Removing liquidity
|
|
|
|
|
Stock price less |
.003 times the value of |
|
|
|
than $1 |
the trade (shares |
|
|
|
|
times price) |
|
|
|
Stock price $1 or |
.003 times the number |
|
|
|
greater |
ofshares |
|
| |
|
|
NASDAQ, INET, BRUT
|
|
|
|
Nasdaq securities
|
|
|
|
|
Stock price less than $1 |
.001 |
-- |
|
|
Stock price $1 or greater |
.003 |
.002 |
|
|
|
|
|
|
Listed
|
|
|
|
|
NYSE & AMEX
|
.0007 |
-- |
|
|
ETFs
|
.003 |
.002 |
TRACK ECN
Under the TRAC
MPID:
Nasdaq
|
|
|
|
|
External Executions
|
Internal Executions
|
|
|
Orders
that Add Liquidity: |
REBATE
of $0.0027/ executed share |
REBATE
of $.0025/ executed share |
|
|
Orders
that Remove Liquidity: |
CHARGE
of $0.003/ executed share via Super Montage |
Effective CHARGE of $0.0026/ executed share* |
|
|
Orders
Routed Out: |
CHARGE
of $0.0026/ executed share (no contra-party pass-thrus) |
|
|
|
|
|
|
|
TRAC
does not accept NYSE and AMEX securities at this time. |
|
|
|
|
OTCBB |
|
|
|
|
|
|
|
Orders
that Add or Remove Liquidity: |
CHARGE
of 50 basis points per executed order, based on the
principal value of the trade, with a $2 minimum and $20
maximum |
|
|
|
|
|
|
Orders
Routed Out: |
Same
as above, except orders routed to ARCA, $0.003 times value
of trade if price <$1, or $.003 times volume if price >$1,
with no minimum or maximum, plus $1 routing charge.
Note:
Routing is by request only |
|
|
|
|
|
|
External Execution: |
When
our liquidity provider gets filled through third parties
such as SuperMontage, Exchanges and other ECN’s. |
|
|
Internal Execution: |
When a
direct connection adds or takes liquidity to or from Track
ECN. |
|
|
|
|
|
* |
If a
transaction removes liquidity from Track ECN, the charge is
$.003 per share. However, if an order is transmitted
directly (rather than through Nasdaq’s SuperMontage) whether
on a private telecommunications line or through a third
party communication provider, the firm will be credited
$.0004 per share as a reimbursement for telecommunications
and technology costs. The price for direct is not available
to broker-dealers removing liquidity through third parties
such as SuperMontage, Exchanges and other ECN’s. |
|
|
|
|
|
Under
the DATA MPID: |
|
|
|
|
|
|
Orders
that Add Liquidity: |
REBATE
of $0.0029/ executed share |
|
Orders
that Remove Liquidity: |
CHARGE
of $0.003/ executed share |
|
Orders
Routed Out: |
CHARGE
of $0.003/ executed share (no contra-party pass-thrus) |
|
|
|
|
|
DATA
does not accept orders for NYSE, AMEX or OTCBB securities at
this time. |
|
|
|
|
* |
Payments for TRAC and DATA received for less than the full
amount of monthly invoices will be applied as an on account
payment against the oldest open invoice. If a market
participant is either delinquent in paying an invoice for
thirty (30) days or notifies Track ECN that he will not pay
or pay only partially, if such notification is sooner than
thirty (30) days, all assessed charges will be re-billed at
$0.009/share. $0.009/share will then remain the charge in
force for said market participant’s activity on Track ECN. |
| |
|
|
|
|
|
| Notes:
ECN fees are beyond our control and change frequently. In addition to the ECN fees above, you may be
charged a contra fee if you choose to route a trade to an ECN that, in turn, routes your trade to
another ECN for execution. For example, if you route a trade to
INET that INET sends to Archipelago
for execution, you will be charged INET's $.003 per share AND Arca's $.003 per share. |
* 20,000 share/$500,000 order
limit applies for stocks over $1.00. This limit is 100,000 shares for Nasdaq Securities if the price of the
stock is less than $1.00.
This limit is 50,000 shares on OTCBB Securities and Pink
Sheets orders with stock prices $0.10 or higher; 300,000 shares for
orders with stock prices between $.05 and $0.10; 600,000 shares for orders with
stock prices between $0.01 and $0.05; and 1,000,000 shares for orders with stock prices
under $0.01.
**100 contract/ $100,000 order limit
applies.
***Add $3.00 for non-U.S. customers.
Fees
| Type of
Service |
Fee |
| Outgoing Wire(U.S) |
$15.00 |
| Outgoing Wire(International) |
$50.00 |
| Overnight mail
(upon request) |
|
| U.S.
|
$15.00 |
| International
|
$25.00 |
|
Safekeeping Fee (quarterly charge)
|
$15.00 |
| IRA closing
|
$20.00 |
| Yearly IRA Fee
|
$30.00 |
| Stop payment
request on check |
$30.00 |
| Fed call
extension |
$10.00 |
| Returned("bounced")
customer checks |
|
| non-myTrack checks payable
to TDSC |
$30.00 |
| myTrack account checks payable
to anyone |
$30.00 |
| Voluntary
reorganizations |
$20.00 |
| First account
research statement |
$6.00 |
| Subsequent statements |
$3.00 |
| ESOP Processing |
$50.00 |
| Transfer Fees |
|
Issue Stock Certificate (in account holder name) |
$100.00 |
|
DWAC Transfer |
$25.00 (plus transfer agent fees ranging from 0-$150) |
|
DRS System Transfer |
$25.00 (plus transfer agent fees ranging from 0-$150) |
|
Account Transfer Out (ACAT) |
$5.00 |
Please click here for information about depositing certificates.
MARGIN RATES
The following rates are
charged on the balance outstanding when you trade on margin:
| Debit Balance (loan) |
Interest Rate |
| Below $25,000 |
BC + 2.50% |
| $25,000 to $49,999 |
BC + 2.25% |
| $50,000 to $99,999 |
BC + 1.50% |
| $100,000 to $250,000 |
BC + .50% |
| Above $250,000 |
BC + .25% |
BC = "Broker Call"
The rate of interest applied to a
Margin debit is based upon the current "Call Money" rate, which is also known as
"Broker Call." The Call Money rate can be found every day in The Wall Street
Journal, listed under Money Rates. Interest rates on margin debit will vary as the
Broker Call Rate changes. Interest rates are set at our discretion and are subject to
change without notice.
Margin Interest Rate example:
For example, if the Broker Call Rate
were 2.75%, a margin debit of $20,000 would therefore have a rate of 5.25% (Broker Call + 2.50%, from
the table above).
|
For information on the SDK, including pricing, click here.
Please note that prices, fees and rates are subject to change without prior notice. Fees
for services not listed may also apply. This schedule covers prices, fees and rates as of
October 1, 2006.
|
For inquiries, please send email to
trading@myTrack.com, use the
myTrack channel 9 chat room, or call us toll-free at (800) myTrack.
|