Dark Pool Fees/Rebates

This page outlines IB’s fees and rebates for orders that fill on third-party and IB dark pools, and for customer-directed orders to IBDARK.

Third-Party Dark Pools

For smart-routed orders that fill on a third-party dark pool (which excludes IBDARK, CSFBALGO, CSFBPATH and JEFFALGO).

Flat Rate Pricing Structure

IB provides a commission rebate of 0.001/share for smart-routed trades that fill on a third-party dark pool.

Cost-Plus Pricing Structure

IBDARK

For smart-routed orders that fill on IBDARK:

Flat Rate Pricing Structure

Ordinary commissions and fees apply.

Cost-Plus Pricing Structure

IB charges 0.001/share for taking liquidity in ALL stocks.

For directed orders to IBDARK (post-only):

No maker-taker charges or credits will apply.

CSFBALGO, CSFBPATH and JEFFALGO

For directed orders that fill on CSFBALGO/CSFBPATH or JEFFALGO:

Flat Rate Pricing Structure

IB will charge an additional 0.001/share.

Cost-Plus Pricing Structure

Standard IB Execution prices apply in addition to the “exchange” fees and rebates, which can be found on the following pages:

• CSFBAlgo
• CSFB Path
• JEFF Algo