MarketXT ECN Slashes Fees, May Cut More
TRANSACTION SYSTEMS
NEW YORK--MarketXT, Tradescape’s ECN subsidiary also known as Lightspeed, slashed its access fees last week, by 50 to 80 percent for most users.
For those trading 5 million shares or under per month, the fee is $0.0075 per share; for 5 to 75 million, $0.005 per share; for 75 million or more, $0.003.
CEO Omar Amanat says MarketXT is not reacting to Nasdaq pricing (see related story, this issue). Instead, it is cutting because it experienced a liquidity bounce from joining Supersoes.
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