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23 thoughts on “Adding and removing liquidity”
  1. Avataaar/Circle Created with python_avatars @samk8076 says:

    Ross are these fees on top of lightspeed trades fees? Or inclusive

  2. Avataaar/Circle Created with python_avatars @Anthony-wp1by says:

    Hi Ross. A liquidity rebate question: It sounds strange, but how is it possible to get rebate by taking liquidity, and be charged for adding liquidity? I was told some routing exchanges do that. Thank you

  3. Avataaar/Circle Created with python_avatars @nabacov says:

    Well explained.. Thanks

  4. Avataaar/Circle Created with python_avatars @ericscott9573 says:

    Are you able to write off or deduct the ECN fees from your total profit?

  5. Avataaar/Circle Created with python_avatars @fredericleleu2172 says:

    Hi, i trade penny stock under 1$ and i have big costs in addition to the commission costs, do I have to change something (routing)? when I look at the daily recap I see that the fees appear in the fees2 column but no more detail maybe ecn fees ?

  6. Avataaar/Circle Created with python_avatars @rvi87 says:

    What about stop limit order above current price? (ex. current spread – 10.1-10.2 , Buy Order details: LMT:10.5,STP:10.6) Is it adding or removing?

  7. Avataaar/Circle Created with python_avatars @eskoo8396 says:

    Great video
    I just didn't get why you don't simply say:
    Limit order= adding liquidity
    Market order= taking liquidity

  8. Avataaar/Circle Created with python_avatars @benthomson4695 says:

    Hi Ross, may I ask is Equities Routing Fees the same as ECN fees? Many Thanks

  9. Avataaar/Circle Created with python_avatars @zoheb. says:

    Thank you for the video. I am a beginner and have a question. If you are using a direct access broker(CMEG das trader) and you give in a "market order" or "limit order", is it still direct access or is it direct access and faster if you manually select a route like ARCA?
    Thank you

  10. Avataaar/Circle Created with python_avatars @kturcios says:

    Great explanation. I've been confused about adding/removing liquidity till now. Best phrase, "if you have to wait you're most likely adding liquidity." Toll bridge analogy helped me as well, and finally does this really matter if you want to get out saving $2 vs. getting OUT at the price you need to get out at. Limit orders will be helpful when you can use them, etc. Thanks for making it simple for the newbs.

  11. Avataaar/Circle Created with python_avatars @jennerb7059 says:

    Oh yeah! I did subscribe. So, Ive had 115 orders filled in the last 7days. Is there a simpler way to get a "rebate" in my trades?

  12. Avataaar/Circle Created with python_avatars @RsAsksWhy says:

    Best explanation on the subject, as always you are a fabulous teacher. Thanks for posting, Ross!

  13. Avataaar/Circle Created with python_avatars @Ezel21love says:

    I just was looking for explanation! Their commissions are too high for active day trade. Is there any way can get lower price?

  14. Avataaar/Circle Created with python_avatars @evolutionlancer7358 says:

    I just got with lightpeed coming from TD, seems like a much better platform. getting used to it this info was good.

  15. Avataaar/Circle Created with python_avatars @J9rdy says:

    👍🏻👍🏻

  16. Avataaar/Circle Created with python_avatars @ramaniana says:

    Hey Ross

    Something I couldnt find in the video:
    If I use directed routing to route to Nasdaq but the BBO is on another ECN/MM (say ARCA) Nasdaq has an obligation to reroute my order to get the best fill but where does that (Nasdaq routing + reroute to ARCA) leave me in terms of total speed of execution compared to using SMART?

    I know SMART is not one technology but an umbrella term but perhaps the SMARTs still work similarly enough for you to give your view on it. Would you say that I will be a leg up on every execution by always choosing Nasdaq over SMART even if it has to do a reroute? Or is it more like this: If I choose Nasdaq, the times where I get a fill directly on Nasdaq I got a leg up. The times where it had to reroute to ARCA I did not get a leg up but at the same time were no worse off than had I used SMART?

    Edit: This is only about speed of execution in order to be precise on orders. Dont take into account differences in ECN fees when answering my question because as you say they are almost negligible in the big picture.

  17. Avataaar/Circle Created with python_avatars @scottwohlers9422 says:

    Does this work the same for options?

  18. Avataaar/Circle Created with python_avatars @tjnguyen4683 says:

    U THE MAN

  19. Avataaar/Circle Created with python_avatars @richardzhouren8665 says:

    Hello Ross, thanks for the informative video! Would you do a video about how paying taxes on your gains works?

  20. Avataaar/Circle Created with python_avatars @jorgeguty5310 says:

    thanks man

  21. Avataaar/Circle Created with python_avatars @jamesbrown834 says:

    Thanks so much Ross! One of the brokers in Bahamas claim zero routing fees.

  22. Avataaar/Circle Created with python_avatars @JustinL600 says:

    Would you say dark pools would be a potential concern in small caps, or are they more prevalent in large cap blue chips?

  23. Avataaar/Circle Created with python_avatars @rockfox5 says:

    Wow just what I needed. Was looking for this info yestersay. Thanks Ross.

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