LTSE Slashes Trading Fees: Rebates Drop for Liquidity Adds
Published Date: 6/26/2025
Notice
Summary
The Long-Term Stock Exchange (LTSE) is changing its fee schedule starting June 10, 2025. They’re lowering the rebates for trades that add visible liquidity at or above $1 per share and cutting fees for trades that remove hidden liquidity. These updates affect traders using LTSE and aim to keep the market fair and competitive.
Analyzed Economic Effects
2 provisions identified: 1 benefits, 1 costs, 0 mixed.
Rebate Cut for Adding Displayed Liquidity
If you add displayed liquidity on LTSE in stocks priced at or above $1.00 per share that establish or match the national best bid or offer (NBBO), your per-share rebate is lowered from $0.0033 to $0.0023 beginning June 10, 2025. That is a $0.001.00 per-share reduction in the rebate for NBBO-joining or NBBO-setting displayed executions.
Lower Take Fee for Removing Hidden Liquidity
If you remove non-displayed (hidden) liquidity on LTSE in stocks priced at or above $1.00 per share, the take fee is reduced from $0.0030 to $0.0020 per share starting June 10, 2025. That cuts the cost to access hidden liquidity by $0.001 per share.
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