Routes and Fees
| Route | Additional Information | Add/Take liquidity | Time of Operation (ET) |
|---|---|---|---|
| MARKET | Smart Order Router. Clear Street (Fox River) | $0.0040/share | 9:30AM - 4:00PM |
| LIMIT | Smart Order Router. Clear Street (Fox River) | $0.0040/share | 9:30AM - 4:00PM |
| STOP | Smart Order Router. Clear Street (Fox River) | $0.0040/share | 9:30AM - 4:00PM |
| ARCAS | Posts on ARCA, takes as a Smart Order Router. Clear Street (Fox River) | $0.0045/share | 4:00AM - 7:00PM |
| CDRGA | Smart Order Router. Citadel | $0.0030/share | 4:00AM - 8:00PM |
| CSGO | Smart Order Router. Clear Street (Fox River) | $0.0040/share | 4:00AM - 7:00PM |
| FAN | Smart Order Router. Prioritizes speed of execution interacting with displayed and non-displayed volume. Virtu | $0.0045/share | 4:00AM - 7:00PM |
| NSDQS | Posts on NSDQ, takes liquidity as a Smart Order Router. Instinet | $0.0045/share | 4:00AM - 7:00PM |
| XALL | Smart Order Router. Clearpool | $0.0045/share | 4:00AM - 7:00PM |
| XDAG | Dark Pool Router. Clearpool | $0.0045/share | 9:30AM - 4:00PM |
| CSDRK | Dark Pool Router. Clear Street Fox River | $0.0045/share | 9:30AM - 4:00PM |
Discounted Routes
| Route | Symbol Price condition | Add liquidity | Vendor |
|---|---|---|---|
| ADDONLY | > $1 | $0.0020/share | Instinet |
| CSADD | > $1 | $0.0010/share | Fox River by Clear Street |
| SUB1 | < $1 | $0.0025/share | Instinet |
| UNDR1 | < $1 | $0.0020/share | Fox River by Clear Street |
Options Routes
| Route | Additional Information | Add/Take liquidity | Time of Operation (ET) |
|---|---|---|---|
| LIMIT, MARKET, STOP | Smart Order Router. Citadel | $0.45/contract | 9:30AM - 4:00PM |
| COMP | Smart Order Router. Instinet | $0.65/contract | 9:30AM - 4:00PM |
| SMRT | Smart Order Router. Instinet | $0.65/contract | 9:30AM - 4:00PM |
| COSMA | Smart Order Router. Citadel | $0.45/contract | 9:30AM - 4:00PM |
Algo Routes
| Route | Additional Information | Add/Take liquidity | Time of Operation (ET) |
|---|---|---|---|
| CSTWAP | Clear Street TWAP Router will work the order from time of entry to 4:00 PM EST. | $0.0045/share | 9:30AM - 4:00PM |
| CSVWAP | Clear Street VWAP Router will work the order from time of entry to 4:00 PM EST. | $0.0045/share | 9:30AM - 4:00PM |
| TWAP2 | Clear Street TWAP Router will work the order from time of entry for 2 minutes. | $0.0045/share | 9:30AM - 4:00PM |
| TWAP5 | Clear Street TWAP Router will work the order from time of entry for 5 minutes. | $0.0045/share | 9:30AM - 4:00PM |
| TWAP10 | Clear Street TWAP Router will work the order from time of entry for 10 minutes. | $0.0045/share | 9:30AM - 4:00PM |
| TWAP30 | Clear Street TWAP Router will work the order from time of entry for 30 minutes. | $0.0045/share | 9:30AM - 4:00PM |
Select routes available on CenterPoint Web
Rates are subject to change at any time. Please call the support desk for most up to date pricing (1-844-357-8283).
Route times are Eastern Standard Time
On DAS, all routes above will end in ‘L’ or ‘M.’ Use ‘L’ for Limit orders and ‘M’ for Market orders
Regulatory Fees:
Section 31 Fee: $0.0000229 per $1.00 of principal amount sold
NSCC, DTC Fees: 0.00004/share (Maximum 0.5% of trade value)
Trading Activity Fee: $0.000130 per equity share ($6.49 max). $0.00218 per options contract.
The “Section 31 Fee” applies to certain sell transactions, assessed at a rate consistent with Section 31 of the Securities Exchange Act of 1934. CenterPoint remits these fees to certain self-regulatory organizations and national securities exchanges, which in turn make payment to the SEC. These fees are intended to cover the costs incurred by the government, including the SEC, for supervising and regulating the securities markets and securities professionals. The rate is subject to annual and mid-year adjustments which may not be immediately known to CenterPoint; as a result, the fee assessed may differ from or exceed the actual amount of the fee applicable to your transaction. Any excess may be retained by CenterPoint. Fees are rounded to the nearest penny.
Disclosure:
All routes are directed to other broker dealers for execution. The descriptions listed above are based on information provided to us by these brokers. The smart routers, and logic programmed into the routers that determines order destination, is under full control of the brokers that receive the orders.