Overview

Order routing destinations & fees


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*The LSPT route is available from 9:30 to 4:00 pm ET. For share prices, less than $1.00, 30 basis points times the total trade value will be charged.

 

Lightspeed routing fees do not apply to Lightspeed Web Trader. Pre and post-market eligible orders will have an additional charge of 0.003 per share.

 

The venues above represent the most used routes. Lightspeed offers additional routes not listed above. If you select a venue for order routing, Lightspeed may handle as not held. Regardless of the route selected in the dropdown, Hot Button, or Hot Key, the Firm may first direct that order through a vendor and may receive discounted execution fees and/or payment for order flow through that vendor that it does not pass on to its clients. Most aggressive orders sent on Lightspeed Trader and Sterling Trader Pro to ARCA and NSDQ will first be routed through Coda Markets, Inc. Stocks priced under $1.00 are subject to different routing charges and are not rebate eligible. Rebates are subject to forfeiture in the event an ECN or exchange does not remit the rebate to Lightspeed. Routing charges are subject to change without prior notice. Call 888-LSPD‌-123 for more details and pricing.

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Equities, equities options, and commodity futures products and services are offered by Lightspeed Financial Services Group LLC (Member FINRA, NFA and SIPC). Lightspeed Financial Services Group LLC’s SIPC coverage is available only for securities, and for cash held in connection with the purchase or sale of securities, in equities and equities options accounts. You may check the background of Lightspeed Financial Services Group LLC on FINRA’s BrokerCheck.


Options trading entails significant risk and is not appropriate for all investors. Certain complex options strategies carry additional risk. Before trading options, please read Characteristics and Risks of Standardized Options


ETFs are subject to market fluctuation and the risks of their underlying investments. ETFs are subject to management fees and other expenses.