Stock and ETF Bundled vs. Unbundled Pricing Comparison Examples

Examples	Unbundled Cost		Bundled Cost
Sell 30,000,000 Island NASDAQ Shares @ $5 Add Liquidity	IB First 300,000 Shares:	$1,050	$150,000
	IB Next 2,700,000 Shares:	5,400
	IB Next 17,000,000 Shares:	25,500
	IB Next 10,000,000 Shares:	10,000
	Island NASDAQ Fee:	(75,000)
	Clearing Fee:	6,000
	Regulatory Transaction Fee:	3,855
	FINRA Regulatory Fee:	19
	NYSE Regulatory Fee:	18
	Total Fees (Rebate):	($23,158)
Sell 30,000,000 Island NASDAQ Shares @ $5 Remove Liquidity	IB First 300,000 Shares:	$1,050	$150,000
	IB Next 2,700,000 Shares:	5,400
	IB Next 17,000,000 Shares:	25,500
	IB Next 10,000,000 Shares:	10,000
	Island NASDAQ Fee:	90,000
	Clearing Fee:	6,000
	Regulatory Transaction Fee:	3,855
	FINRA Regulatory Fee:	19
	NYSE Regulatory Fee:	18
	Total Fees:	$141,842
Sell 30,000,000 NYSE Shares @ $5 Remove Liquidity	IB First 300,000 Shares:	$1,050	$150,000
	IB Next 2,700,000 Shares:	5,400
	IB Next 17,000,000 Shares:	25,500
	IB Next 10,000,000 Shares:	10,000
	NYSE Fee:	54,000
	Clearing Fee:	6,000
	Regulatory Transaction Fee:	3,855
	FINRA Regulatory Fee:	19
	NYSE Regulatory Fee:	18
	Total Fees:	$105,842
Sell 200,000 Island NASDAQ Shares @ $5 Remove Liquidity	IB 200,000 Shares:	$700	$1,000
	Island NASDAQ Fee:	600
	Clearing Fee:	40
	Regulatory Transaction Fee:	26
	FINRA Regulatory Fee:	0
	NYSE Regulatory Fee:	0
	Total Fees:	$1,366