LightSpeed Trading Fees, Margin Rates, Interest, Trading Tools Charges 2010


Lightspeed Trading Fees, Margin Rates, Interest, Trading Tools Charges for 2010

Margin Rate

3.25%* - Any new margin account opened between 11/23/09 and 9/30/10 will receive an introductory 3.25% margin rate on any debit balance during the same time period.

Debit Balance ($)	Rate
0-49,999.99	8.00%
50,000-249,999.99	7.00%
250,000-999,999.99	6.25%
1,000,000- 2,499,999.99	5.75%
2,500,000-4,999,999.99	5.25%
5,000,000-9,999,999.99	4.75%
10,000,000 and up	4.25%

Credit Balance ($)	Rate
All Balances	0.00%

Market data

Lightspeed Trader

Per User Per Month	Non-Professional	Professional
NYSE Level 1	$1.00	$127.25
NYSE Open Book	$65.00	$65.00
AMEX Level 1	$1.00	$30.20
ARCA Book	$10.00	$30.00
Dow Jones News	$109.10	$109.10
Options	$40.00	$65.00
NASDAQ Level 2 w/Book Depth	$16.00	$96.00
Futures (free w/futures account)	$71.00	$71.00

Lightspeed Web Trader

Per User Per Month	Non-Professional	Professional
Real time level 1	FREE	$105.00

*NYSE data feed subscribers with multiple terminals may be eligible for reduced per/terminal rates

Market data

Venue	Add Liquidity	Take Liquidity	Outbound Shares
ARCA (NASDAQ)	$0.0021	($0.0030)	($0.0035)
ARCA (AMEX)	$0.0022	($0.0030)	($0.0035)
ARCA (NYSE)	$0.0021	($0.0030)	($0.0030)
ARCA (OTCBB)	$0.0000	($0.0030)*	($0.0030)*
BATS	$0.0024	($0.0025)	($0.0027)
BOSX (NYSE/NASDAQ)	($0.0008)	($0.0004)	N/A
BOSX (AMEX)	$0.0008	($0.0004)	N/A
CROSS+	$0.0000	($0.00275)	$0.0000
EDGX	$0.0029	($0.0029)	($0.0029)
EDGA	($0.0002)	$0.0002	($0.0029)
FLOW	$0.0023	($0.0026)	($0.0026)
LSPD Dark Pool	N/A	($0.00225)	N/A
NASDAQ Displayed	$0.0020	($0.0030)	($0.0030)
NASDAQ Hidden	$0.0010	($0.0030)	($0.0030)
NITE (OTCBB)	$0.0000	$0.0000	$0.0000
NYSE	$0.0013	($0.0021)	($0.0030)

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

Market Center Fees do not apply to Lightspeed Web Trader.

Fee	Multiplier	Additional Details
STC:	($0.0000169)	Multiply this amount by the principal amount sold
FINRA TAF:	($0.0000750)	Covers sales of exchange registered securities whenever executed. Multiply this amount by the number of shares sold

EXAMPLE:

If you want to send an order to buy 100 shares of AAPL. Your commission will have two components:

1) The $.00395 per share charged by Lightspeed

2) The market center fee charged to you or paid to you.

If you send this 100 share order as a market or marketable limit (take liquidity) order to NASDAQ, your total commission will be $0.70. This charge is made up of the $0.40 commission paid to Lightspeed plus the $0.30 market center fee charged by NASDAQ for taking liquidity.

However, If you send this 100 share order as a displayed limit (adding liquidity) order to NASDAQ, your total commission will only be $0.20. This charge is made up of the $0.40 commission paid to Lightspeed minus the $0.20 rebate given back to you by NASDAQ for adding liquidity.

You can choose to send your orders to exchanges which have lower market center fees or in some cases no market center fees at all. For Example, the EDGA ECN currently has ZERO charge for taking liquidity. There is also no rebate for adding liquidity. If your 100 share order is executed on the EDGA ECN your total commission will only total the $0.40 charged by Lightspeed.

The term “Outbound” refers to an order which is routed from its original destination to another venue.

EXAMPLE: You send an order to ARCA to buy XYZ at $20.05 while NSDQ is displaying an offer to sell at $20.04. ARCA will route your order to NSDQ for execution at the better price. This order routing is referred to as outbound.

As you can see, Lightspeed gives you full control over your order routing and the associated execution costs. Keep up to date with current routing fees charged by the exchanges to help you make the best decision about where to send your orders. Minimizing your execution costs = Keeping more of your profits.

The venues above represent the most commonly used routes. Lightspeed offers additional routes not listed below. Stocks priced under $1.00 are subject to different routing charges and are not rebate eligible. Lightspeed passes along all rebates at the time of each transaction. 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.

Service fees

Description	Fee
ACAT Fees – Inbound	FREE
ACAT Fees – Outbound	$50.00
ACH Recalls / Reversals	$30.00
ACH Returns	$30.00
Certificate Safe Keeping Fee	$15.00/Quarter
Conversion Fees (changing ADR to ODR)	$25.00
DTC Fees	$25.00
Foreign securities-ACAT Fees	Variable
IRA Annual Fee	$35.00
IRA Closing Fee	$20.00
Options Exercise Fee	$25.00
Overnight Checks (Domestic)	$15.00
Overnight Checks (International)	$25.00
Pre Pay Fees	$20.00
Return Certificates	$25.00/Item
Saturday Delivery Checks	$25.00
Stop Pay Fees (W/D) (Only if check is equal to or less than 10 days old)	$30.00
Wire Fees (Domestic)	$20.00
Wire Fees (International)	$50.00
Wires Returned	$30.00

Securities processing fees

Description	Fee
ADR Hold Fee	$0.03 per share annually
Certificate Processing Fee	$75.00
DRS Statement Withdrawal	$30.00
DWAC and DRS Process Fee	$30.00+Transfer Agent Fees
ESOP Trades	$125.00
Non-DTC Eligible Securities	$75.00
Request of Certificate for DRS eligible issue	$350.00
Research Fee	$25.00
Restricted Stock Processing	$125.00ⁱ
RUSH Transfer Request	$575.00^iv
Transfership request to mail to customer	$235.00ⁱⁱ
Warrant Exercise	$125.00ⁱⁱ
Worthless Security Held	$7.50 / month / cusip
Worthless Security Reinstated	$15.00 / cusip

Read full LightSpeed Trading review >>

LightSpeed Trading Fees are as of July 2010 and are subject to change. For most recent information go here:

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Lightspeed Trading Fees, Margin Rates, Interest, Trading Tools Charges for 2010

Margin Rate

Market data

Lightspeed Trader

Lightspeed Web Trader

Market data

Service fees

Securities processing fees