FOR SECURITIES WITH SHARE PRICES OF $1.00 OR GREATER
| Volume Tier Criteria | Liquidity Event | (Rebate) /Fee | |
|---|---|---|---|
| Monthly shares traded between 1 and 999,999 | Executed Shares Adding Liquidity | ($ - ) | |
| Monthly shares traded between 1,000,000 and 4,999,999 | Executed Shares Adding Liquidity | ($0.0010) | |
| Monthly shares traded between 5,000,000 and 14,999,999 | Executed Shares Adding Liquidity | $(0.0015) | |
| Monthly shares traded greater than 15,000,000 shares per month | Executed Shares Adding Liquidity | ($0.0025) | |
| None | Executed Shares Removing Liquidity | $0.003 | |
| None | Executed Shares Routed | $0.004 | |
| None | Executed Shares in an Auction | $ - |
FOR SECURITIES WITH PRICES BETWEEN $0.01 AND $1.00
| Volume Tier Criteria | Liquidity Event | (Rebate) /Fee |
|---|---|---|
| None | Executed Shares Adding Liquidity | $ - |
| None | Executed Shares Removing Liquidity | $0.00003 |
| None | Executed Shares Routed | $0.00008 |
| None | Executed Shares in an Auction | $ - |
FOR SECURITIES WITH SHARE PRICES LESS THAN $0.01
| Volume Tier Criteria | Liquidity Event | (Rebate) /Fee |
|---|---|---|
| None | Executed Shares Adding Liquidity | $ - |
| None | Executed Shares Removing Liquidity | 0.3% of Notional |
| None | Executed Shares Routed | 0.4% of Notional |
| None | Executed Shares in an Auction | $ - |
ENROLLED LIQUIDITY PROVIDER CREDITS
| Criteria | Liquidity Event | Rebate |
|---|---|---|
| Enrolled Participants[1] | Executed Shares Adding Liquidity | Declared Monthly Liquidity Provider Rebate (Currently $25,000 |
[1] Participants must enroll in the Global OTC Liquidity Provide Rebate Program (“Rebate Program”) to be eligible for the above referenced Liquidity Credits Requirements:
Participants must be an approved Global OTC Subscriber and enroll in the Rebate Program.
Enrolled participants must maintain a displayed buy order and a displayed sell order of at least the minimum size dictated in the Liquidity Provider Order Size Minimum for Display Requirement Chart for at least 90% of the core trading session. Execution of an order does not remove the requirement to have a displayed priced order during the core trading hours between 9:30 am to 4:00 pm ET.
Rebate Program participants must meet the display requirements for a minimum of 300 securities priced >= $1.00 and for a minimum of 15 consecutive trading days per month to be eligible for the Liquidity Provider Credits.
Liquidity Provider Credits are not paid in securities where the price is < $1.00
Global OTC will publish the amount of the Liquidity Provider Credits (“rebate pool”) on its website. The rebate pool is distributed to enrolled participants in securities priced >= $1.00 based on the amount of liquidity adding shares executed that meet the stated requirements.
| Share Price | Minimum Displayed Order Size | |
|---|---|---|
| 0.0001-0.0999 | 10,000 | |
| 0.10-0.1999 | 5,000 | |
| 0.20-0.5099 | 2,500 | |
| 0.51-0.9999 | 1,000 | |
| 1.00-174.99 | 100 | |
| 175.00+ | 1 | |
UGW FIX Ports for order/quote entry/drop copies: $250 per port per month. No fee shall apply to ports in the backup datacenter that are not utilized during the relevant month, and no fee shall apply to ports in the backup datacenter that are utilized when the primary datacenter is unavailable. If a port in the backup datacenter is utilized when the primary datacenter is available, then the fee shall apply.
The vast majority of securities that trade on the Global OTC platform clear using the National Securities Clearing Corporation (NSCC) Continuous Net Settlement (CNS) system. For those securities that are not eligible for CNS clearing, Global OTC will pass through a fee equal to the fees charged to Global OTC by NSCC for non-CNS settled trades (currently 80 cents per trade).
For Global OTC Trading Support:
Email:
[email protected]
For General Information and Support:
Phone: 1-212-896-2830 Option 4
Email:
[email protected]
For Market Data Support:
Email:
[email protected]