Question for anyone:|
Are these exchange fees that the PHLX collects and turns over a portion to UTTS, or will these be fees on top of what UTTS collects as a Broker/Dealer, and these fees will go only to PHLX?
I know that the exchanges are not-for-profit but that does not mean "no revenue".
So the bottom line is, what revenue per-share traded under VWAP system will actually go to UTTS when all is said and done?
How do exchanges normally gather revenue from trades that occur?
Thanks for answers in advance.