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Quantitative Finance · Glossário

O que é Access fee cap?

Definition 9.2 Markets I: The Ecosystem and Exchange-Traded Markets · Capítulo 9 — US Equity Market Structure

The access fee cap (Rule 610(c)) limits what a venue may charge for executing against its protected quotation: $0.003 a share (“30 mils”) for stocks priced at a dollar or more. Without it a venue could display an attractive price that the protection rule forces others to route to, and charge whatever it liked for reaching it.

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