Lightspeed Routing Fees

Equities Routing Fees

Venue Add Liquidity Take Liquidity Outbound Shares
LSPT Route* ($0.0015) ($0.0015) N/A
LSPD Dark Assault ($0.0019) ($0.0019) N/A
ARCA $0.002 ($0.0030) ($0.0035)
ARCA (OTCBB) $0.0025 ($0.0030)* ($0.0030)*
Barclays LX ($0.002) ($0.002) N/A
BATS Y ($0.002) $0.0010 ($0.003) Charge
BATS Z $0.0018 ($0.0030) ($0.0030)
BOSX ($0.0025) $0.0004 ($0.0035)
CROSS+ ($0.0025) ($0.0025) ($0.0025)
CROSSFINDER ($0.0015) ($0.0015) N/A
EDGX $0.0016 ($0.0030) ($0.0030)
EDGA ($0.003) Charge ($0.0024) Rebate ($0.003)
IEX $0 ($0.0006) ($0.0035)
Instinet Smart ($0.0022) ($0.0022) ($0.0022)
ITG AlterNet ($0.0015) ($0.0015) N/A
ITG Posit ($0.0017) ($0.0017) N/A
KNIGHT FAN $0.0022 ($0.0029) ($0.0029)
NASDAQ $0.0020 ($0.0030) ($0.0030)
NASDAQ PSX $0.0018 ($0.0035) ($0.0035)
NYSE $0 ($0.0031) ($0.0036)
NYSE American $0 ($0.0002) ($0.0030)
NYSE National (NATX) ($0.0028) ($0.0005) ($0.0035)
PDQ ATS N/A ($0.0019) N/A

*The LSPT route is available from 9:30am to 4:00pm EST.

Low Trading Fees

Lightspeed Trader consistently offers its clients low trading fees, whether they are conducting equities or options routing. A schedule of the fees is available in the table below.

Options Routing Fees
(per contract)

Underlier Fee Additional Details
All Equities, Smart Routed (SMRT) Free
All Equities, Direct Routed ($0.35) Use the SMRT route in Lightspeed Trader
to avoid this fee.
.SPX(S&P 500 Index) ($0.62)
All other Indices ($0.40) Download
Complete List
ETFs ($0.20) Download
Complete List

Regulatory Fees

Fee Rate Additional Details
SEC: ($0.0000051)  Multiply this amount
by the principal amount sold
FINRA TAF: ($0.000119) Covers sales of exchange registered securities whenever executed.
Multiply this amount by the number of shares sold
Options ORF: ($0.0388) Multiply this rate by the number of options contracts traded

*For share prices less than $1.00, 30 basis points times the total trade value will be charged.

Lightspeed routing fees do not apply to Lightspeed Web Trader. Pre and post-market eligible orders will have an additional charge of 0.003 per share.

The venues above represent the most commonly used routes. Lightspeed offers additional routes not listed above. If you select a venue for order routing, Lightspeed may handle as not held. Regardless of the route selected in the dropdown, hot button, or hot key, the Firm may first direct that order through a vendor and may receive discounted execution fees and/or payment for order flow through that vendor that it does not pass on to its clients. Most aggressive orders sent on Lightspeed Trader and Sterling Trader Pro to ARCA and NSDQ will first be routed through Coda Markets, Inc. Stocks priced under $1.00 are subject to different routing charges and are not rebate eligible. 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.

Low Cost Option Trading

Active traders who want low cost option trading make Lightspeed Trader their online broker of choice. Active traders who meet a minimum threshold of options contracts will qualify for even lower rates. Contact us for additional information.

Check the background of this firm on FINRA's BrokerCheck

Our website uses cookies to improve the performance of our site, to analyze the traffic to our site, and to personalize your experience of the site. You can control cookies through your browser settings. Please find more information on the cookies used on our site in our Privacy Policy. By clicking OK, you agree to allow us to collect information through cookies.