CHX Raises Rebate for Providing Liquidity
The CHX announced today that beginning today the rebate paid to customers providing liquidity in Tape A and C issues trading above $1.00 in the CHX Matching System will be raised from 0.26 to 0.29 per-100 executed shares. When combined with the Exchange's 0.32 rebate per- 100 executed shares in Tape B issues that trade above $1.00, and the rebate of 0.1% of the trade value on stocks in all tapes that trade under $1.00, the Exchange's “provide credits” are among the highest paid by the National Market System exchanges. In addition, the CHX continues to employ a single tier rate structure that does not apply minimum volume levels for rebate eligibility, allowing customers to receive the high rebate rate from the first executed share.
"We recognize the benefit of providing a simple rate structure that allows customers to easily factor pricing into their decision making process," said CHX ceo, Dave Herron.
