AB Watley Direct

Product Pricing Matrix - Commissions & ECN Fees

Commissions & ECN Fees

Service & Software Fees

Other Fees

Clearing and Insurance Coverage

Two trading products - choose the one that's right for you.

Introductory rate for new customers only:

$6.95 per equity trade for the first 90 days an account is open.
In addition to the per ticket charge, per share fee for direct ECN access will apply. Use our Auto Button to avoid any ECN charges.
If you are paying less that our stated rates, we would still like to talk to you -- we may be able to further lower your costs! Lower commission rates than those shown may be negotiated on a customer-by-customer basis.
We reserve the right to make changes to any of the programs, special offers, and promotions described in this site at any time without notice or liability.

For a FREE Ultimate Trader software trial
e-mail cs@abwatley.com or contact us at (646) 753-9301.

After 90-day introductory period our standard per-ticket charges for equity trade may apply:

Total Monthly Trades	Ultimate Trader Direct Access, opening deposit of $5,000 is required	WatleyTrader Web Access -- opening deposit of $2,000 is required
More than 400	$6.95 or less	$6.95 or less
250-400	$9.95	$9.95
100-249	$10.95	$9.95
50-99	$13.95	$9.95
1-49	$15.95	$9.95
Option Ticket Charges	$9.95 + $1.50 per contract	$9.95 + $1.50 per contract

Direct ECN Fees (applied on a per-share basis)
Auto	NYSE & AMEX 8:30 AM - 4:00 PM
	Execution from 9:30 AM - 4:00 PM
	NASDAQ Securities 7:30 AM - 8:00 PM
	Route to ECN Pre, Reg and Post Market
	Bulletin Board/Pink Sheets 8:30 AM - 4:00 PM
	Execution from 9:30 AM - 4:00 PM
	Options 8:30 AM - 4:00 PM
	Execution from 9:30 AM - 4:00 PM
	For any sub-dollar NMS securities, AUTO reserves the right to implement a $.01 / share charge. AUTO intends to institute this charge against any orders sent during unusual market conditions, including crossed markets, unusual trading patterns (extraordinary volume, trade size, etc.) AUTO will use best efforts to notify you in the event that AUTO institutes the charge against incoming order flow.
	Market on Close (MOC) orders will be charged $.005 per share in addition to the standard per-trade commission

NSDQ	NSDQ 7:00 AM - 8:00 PM
	NYSE, AMEX & NASDAQ Securities
	ECN fee $.004 per share

BATS	BATS 8:00 AM - 4:00 PM
	ECN fee of $.003 per share

CSFB	CSDMA 9:30 AM - 4:00 PM
	Listed, & NMS
	Transaction fee of .001 per executed share

TRAC Data	TRAC 8:00 AM - 6:30 PM
	ECN fee of $.003 per share

NYSE Listed	NYSE 8:30 AM - 4:00 PM
	Execution from 9:30 AM - 4:00 PM
	Exchange fee $0.005 per share

NYSE Direct Plus	NX 8:30 AM - 4:00 PM
	Execution from 9:30 AM - 4:00 PM
	***Only for orders of 1,099 shares or less***
	Exchange fee $0.005 per share

AMEX Listed	AMEX 8:30 AM - 4:00 PM
	Execution from 9:30 AM - 4:00 PM
	Exchange fee $0.005 per share

Jefferies	JEFF 8:30 AM - 4:00 PM
	Execution from 9:30 AM - 4:00 PM
	Exchange Fee .001 of principle

Hudson	HDSN 8:30 AM - 4:00 PM
	Execution from 9:30 AM - 4:00 PM
	NASDAQ, NMS, Bulletin Board & Pink Sheets
	$2.50 per ticket

Knight Trimark Securities	NITE 8:30 AM - 4:00 PM
	NYSE, NASDAQ, Bulletin Board, and Pink Sheets priced above $1 (one dollar) per share will be subject to a transaction fee of .005 per executed share.
	Bulletin Board and Pink Sheet securities that are priced below $1 (one dollar) per share will be subject to a transaction fee of $.00002 per executed share.

Options	KEX 8:30 AM - 4:00 PM
	Execution from 9:30 AM - 4:00 PM
	Preference to ISE, CBO, PSE, ASE, PSE, BSE by
	clicking on the exchange and clicking the pref box

Lampost	LAMP 8:30 AM - 4:00 PM
	Execution from 9:30 AM - 4:00 PM
	NASDAQ, Bulletin Board & Pink Sheets
	No Fee

Direct Edge ECN	EDGX 8:00 AM - 5:00 PM
	ECN fee of $.003 per share
	Under $1 fee of .003 of the principal

GTC Orders	Execution from 9:30 AM - 4:00 PM

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