Fee Structure 

HybridBook

Equiduct HybridBook's fee structure is based on a "maker/taker" structure.

• An aggressive execution (removing liquidity from the order book) will be charged 0.30 bps.
• A passive execution (liquidity posted on the order book before being hit by an incoming order) will be rebated at 0.15 bps. 

PartnerEx

PartnerEx Agreement between Market Maker and Order Flow Provider guarantees executions at the best price based on OrangeVBBO for each individual order.

The charge for these unique services on the European are:

• For Euronext stocks: 0.70 bps, with a ceiling of 3 € and no minimum fee.
• For all other stocks: 0.70 bps, with a ceiling of 15 € and a minimum fee of 0.50 €. 

OrangeVBBO

• Our consolidated real time data feed is free of charge for two price pointsfrom Bloomberg (stock symbolwith suffix"BQ") and Thomson Reuters (stock symbol with suffix ".EDv") or on the Real Time Data page.
• For more market depth, you also can visualise our OrangeVBBO Full Depth on our OrangeLiquidity Viewer Tool. For more information, please visit our Market Data section. 

Market Data and Membership Costs

• Market Data is available with no connection charges or operating fees.
• Direct access to Real Time and Delayed Level I and II data is available free of charge.