Order Execution Fees

Knight (NITE)	Broker	•	-	-	.0010	.0010	.0010	.0010	.0010	.0010	.0000	.0010	.0010
Citigroup (ATD)	Broker	•	•	-	.0010	.0010	.0010	.0010	.0010	.0010	.0000	.0000	.0000
Merrill Lynch (MLX)	Broker	•	-	-	.0030	.0030	.0030	.0030	.0030	.0030	.0030	.0030	.0030
TNFG-EQ3	Broker	-	•	•	.0010	.0010	.0010	.0010	.0010	.0010	-	.0010	.0010
TNFG-Algo	Broker	-	•	•	.0030	.0030	.0030	.0030	.0030	.0030	-	.0030	.0030
DirectEdge (EDGX)	ECN	•	•	•	.0000	.0030	.0000	.0030	.0000	.0030	-	.0026	.0030
NYSE ARCA2 (ARCA)	Exchange	•	•	•	.0000	.0030	.0000	.0030	.0000	.0030	.0031	.0035	.0035
NASDAQ2 (INET/NSDQ)	Exchange	•	•	•	.0000	.0030	.0000	.0030	.0000	.0030	-	.003	.0010

¹ .003 per share for stocks priced >$1.00 and .003 percent of principal (price x shares) for stocks priced < $1.00
² Other charges not listed may apply
³ Rates shown are for 'SMART' plan (TNFG routes used exclusively). 'SMART Plus' subscribers (Multiple route access) pay .0028 per share for removed liquidity.

Add = Orders that add liquidity to the Route
Remove = Orders that take liquidity from the Route
Routed = Orders that are routed through (executed by another market center or participant)

Regulatory Fees
FINRA Trade Activity Fees (TAF) (applies to sells, short sales) = .000075/sh $3.75 max
SEC Fees (applies to sells) = 0..0000169 x Principal

Platform	Route	Order Route Fees
RealTick	TNFG-OPT	Free

Index Option Fees	Exchange	Exchange Fees
	CBO	$0.40 per contract (index options only)
	PHS	$0.40 per contract (index options only)
	ASE	$0.15 per contract (index options only)

Option Cancellation fees: ASE: $1.00 (If the total number of order cancels is higher than the total number of orders executed per day, per account, a $1 fee is assessed on the number of orders cancelled that exceeds those executed). PHS: $1.10 (If the total number of order cancels is higher than the total number of orders executed per day, per account, a $1.10 fee is assessed on the number of orders cancelled that exceeds those executed). CBO, ISE: $1.50 (If the total number of order cancels is higher than the total number of orders executed per day, per account, a $1.50 fee is assessed on the number of orders cancelled that exceeds those executed. All options orders executed in the same series on the same side of the market at the same price within a 30 second period will be aggregated and counted as one executed order for the purpose of this fee.) BOX, NYS: No cancellation fee.

Regulatory Fees
FINRA Trade Activity Fees (TAF) (applies to sells ) = .002/contract
Options Regulatory Fee: (ORF): $0.014 per contract, $0.04 per trade minimum charge*
ISE: $0.0035 per contract, $0.01 per trade minimum charge
PHLX: $0.0035 per contract, $0.01 per trade minimum charge