Alpha IntraSpread facility will be particularly beneficial to retail brokers: Schmitt
New rule would require dealers to advise clients of direct transaction fees and charges upfront
50% cut for securities valued at below $1
Fees for certain trades to fall 24%
Last year’s surge in commission revenue was driven in part by forced selling in reaction to the market turmoil
The changes will help reduce the cost of trading and promote liquidity
Elkins/McSherry report says costs on the exchange improved from Q4, when it was still ranked first
Cap to apply retroactively to March 1