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CHX Announces New Fee Structure.


CHICAGO Chicago, city, United States
Chicago (shĭkä`gō, shĭkô`gō), city (1990 pop. 2,783,726), seat of Cook co., NE Ill., on Lake Michigan; inc. 1837.
 -- The CHX See Chicago Stock Exchange.

CHX

See Chicago Stock Exchange (CHX).
 has implemented a change in its fee structure that will provide a liquidity rebate rebate, partial refund of the total price paid for goods or services. In the United States, rebates were historically given by railroads to favored shippers as a return on transportation charges.  of .1% of the dollar value of the trade for customers providing liquidity in securities that trade at or under $1.00 on all CHX matching engine activity. Takers of liquidity will be charged .3% of the dollar value for those trades. This fee change complements the CHX's pricing schedule for stocks above $1.00 that rebates .26 per 100 shares for NYSE NYSE

See: New York Stock Exchange
 and Nasdaq-listed issues and .32 per 100 shares for activity in Tape B securities. The CHX's blend of competitive pricing, a strong technology platform and connectivity to a diverse blend of customers provides an excellent platform for broker-dealers seeking to provide and access liquidity in an open and fully accessible exchange environment.

About CHX

CHX is an integral part of the National Market System offering competition to all U.S. equity markets. With a robust matching engine and its CHXConnect routing network, CHX customers can choose to route to the CHX matching engine for immediate display and execution, return or forwarding of rejected orders and/or order-routing to FINRA FINRA Financial Industry Regulatory Authority (formerly Securities Industry Regulatory Authority)  Market-Makers and CHX Institutional Brokers who are able to provide customized order handling solutions. Orders executed on the CHX enjoy the benefits of an exchange print with full exposure to all National Market System participants. For additional information, please visit www.chx.com
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Publication:Business Wire
Date:Apr 3, 2009
Words:232
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