* Orders that take liquidity from the ARCA Exchange 0.003 $/share. Orders that add liquidity to the ARCA Exchange no cost. Orders that are routed through (executed by another market or another participant) 0.004 $/share. Orders routed to the Opening and Market order Auction no cost.
** When adding liquidity to the market (i.e.: posting a bid or offer designated as INETA) there is no charge. When removing liquidity (i.e. matching a posted trade- designated as INETR) there is a 0.003 $ /share.
*** Example: The purchase of 1000 shares of VXYZ to 0.75 $ per share. The principal value of the trade is $750.00. Fifty basic points (or 0.5%) of the principal amount of $750.00 is $3.75. This would be the ARCA Exchange fee for this trade. PLEASE note that ARCA will charge a minimum of 0.50$ and a maximum of $24.00 per order carried out. ARCA will not charge for unexecuted order(s).