Lynx Periodic Match
Trading Fees
Effective April 25, 2025
Marketplace Subscriber Fees
All Tradelogiq marketplace subscribers are subject to a subscriber fee of $750 per month, which includes access to both Omega ATS and Lynx Periodic Match.
Lynx Periodic Match Transaction Fees
All transaction fees are charged on a fee per share basis unless otherwise noted.
Midpoint Book
Applicable to all security types and price categories:
| Active | Passive | |
|---|---|---|
| Midpoint | Fee Holiday | Fee Holiday |
Visible Book
Trades in the Visible Book are charged differently based on the stage of matching. For information regarding the different stages of matching in the Visible Book, please see our Trading Functionality Guide.
EOC-to-DAY stage of matching
| Active | Passive | ||
|---|---|---|---|
|
Certified Retail & Institutional Trader IDs |
All other | ||
|
Equities:
Unintentional crosses – all prices All other equities trades:
Trade price < $0.10
Trade price ≥ $0.10 and < $1.00
Trade price ≥ $1.00
|
($0.0002) ($0.0002) ($0.0004) ($0.0025) |
Free Free Free Free |
$0.0004 $0.0004 $0.0006 $0.0027 |
| ETFs | Free | Free | $0.0004 |
| Listed Fixed Income |
($0.085) / $1,000 par value |
Free |
$0.095 / $1,000 par value |
EOC Final Turn stage of matching
Applicable to all security types and price categories:
| Active | Passive | |
|---|---|---|
| EOC-to-EOC | Fee Holiday | Fee Holiday |
Notes applicable to Visible Book fees:
- Subscribers must submit the Lynx Periodic Match Retail & Institutional Trader ID Certification Form (“Form”) to receive the “Certified Retail & Institutional” active rebates. The Form requires the subscriber to certify that the identified Trader IDs meet the requirements for eligibility contained therein.
- Forms do not need to be provided for Trader IDs already certified for the purposes of the “Retail” rates available on Omega ATS. All such “Retail Trader IDs” will be automatically eligible to receive the “Retail & Institutional” rates on Lynx Periodic Match as at launch date.
- Please refer to the Form for details on Trader ID eligibility.
- Subscribers may elect to have their unintentional cross trades in equities and ETFs assigned active rebates and passive fees at different rates, so long as the net fee is the same as would otherwise have resulted from the applicable stated rates. Such election may be made for unintentional crosses on a subscriber-wide basis or based on a specified list of the subscriber’s Trader IDs. Where based on a list of Trader IDs, the elected rates will only be applied where the election was made for the Trader IDs on both sides of the trade, otherwise each side of the trade will be charged at the above stated rates.
Technology Fees
The following technology fees are charged for client connectivity and for access to Omega ATS and Lynx Periodic Match trading and recovery services.
Subscribers are responsible for arranging and paying for connectivity. Subscribers wishing to cross-connect will be charged the below cross-connect fees which incorporate the amounts charged to Tradelogiq by our data centre provider.
| 1 Gigabyte Connectivity |
$1,000 per month One-time set-up fee of $1,000 per connection |
| 10 Gigabyte Connectivity |
$1,500 per month for the first connection $1,000 per month for each additional connection One-time set-up fee of $1,000 per connection |
| General Testing Environment | No charge |
| FIX Drop Copy Connection | $450 per month |
| Trading Session Bundle (10 free)* | $125 per month |
| Multicast access and recovery | See “Data Feed Access Fees” in the Tradelogiq Market Data Fee Schedule |
*Subscribers are provided 10 production session bundles for accessing Omega ATS and Lynx Periodic Match, free of charge. If a subscriber requires additional sessions, this fee will apply.
