Exchange Fee Browser
Real-time US equity and options exchange fee schedules — covering 35 exchanges across all major market participants. Track rebates, fees, tier structures, and regulatory filings.
Exchange Groups
Recent Fee Changes
View all changesHow Exchange Fees Work
Maker-Taker
14 exchangesThe dominant US model. Firms that add liquidity (post resting orders) earn a rebate. Firms that remove liquidity (take against posted orders) pay a fee.
Used by NYSE, Nasdaq, CBOE BZX/EDGX, and most large exchanges.
Inverted (Taker-Maker)
3 exchangesThe opposite structure. Firms that remove liquidity earn a rebate, and firms that add liquidity pay a fee. Attracts aggressive takers.
Used by CBOE EDGA, CBOE BYX, Nasdaq Texas, and a few others.
Fee-Fee
0 exchangesBoth sides pay a fee — there are no rebates. Simpler cost structure typical of smaller or more specialised exchanges.
Used by IEX, LTSE, and some newer or alternative venues.
Browse
Latest fee schedules from all exchanges — filter by type, order type, and security.
Track when exchanges modify their fee schedules, with increase/decrease highlighting.
Compare like-for-like order types across all exchanges side by side.
Explore tiered pricing schedules and how fees improve with trading volume.
Ranked analysis of how intricate each exchange's fee schedule is.
Cross-exchange options fee comparison by participant type — customer, market maker, and firm rates side by side.
Regulatory filings from the SEC SRO rulemaking index, classified automatically.