Maker-Taker Fees and Rebates Explained
Maker-taker fees explained with arithmetic: what a venue keeps between the taker fee and the maker rebate, and how that gap steers where brokers route orders.
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Rule 605 vs 606: Execution Quality Reports
Rule 605 and 606 reports show execution quality and where your broker routes orders. Here is how to read effective spread and payment per hundred shares.