Sample Commission Plans

$0.50/1000 (Per Execution)

$quantity * 0.0005;

$0.50 / 1000, $1 minimum per ticket (Per Order)

max(1, $quantity * 0.0005);

$0.50 / 1000, $10 maximum per ticket (Per Order)

min(10, $quantity * 0.0005);

$0.50 / 1000, $1 minimum, $10 maximum per ticket (Per Order)

max(1, min(10, $quantity * 0.0005));

$1 per execution (Per Execution)

return 1;

$2.95 per ticket (Per Order)

return 2.95;

$0.50 / 1000 Equities, 1.65 / contract options (Per Execution)

$instrumentType = getInstrumentType($symbol);
if($instrumentType == INSTRUMENT_TYPE_OPTION) {
   return $quantity * 1.65;
} else {
   return $quantity * 0.0005;
}

Non-Regressive Tiered Plan (Per Execution)

The formula below will assess 0.0015 / share the first 500,000 shares traded in a month, 0.001 / share for shares 500,001 - 1,000,000 and 0.0006 / share for share 1,000,001 and up.

return computeTieredFee($quantity, $monthlyVolume, array(
    500000 => '0.0015',
    1000000 => '0.001',
    '' => '0.0006'), false);

Regressive Tiered Plan (Per Execution)

The formula below will assess 0.0015 / share for the first 500,000 shares traded in a month. If the next tier is reached, the trader will receive a 0.0005 * 500,000 ($250) rebate and subsequent shares are assessed a rate of 0.001 / share. The rebate is credited on the execution that crosses the tier.

return computeTieredFee($quantity, $monthlyVolume, array(
    500000 => '0.0015',
    1000000 => '0.001',
    '' => '0.0006'), true);