Reducing Interactive Broker trading fees with direct routing?

trader1123

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Hey I've been looking at all the exchanges smart routing routes to from interactive brokers. I see a few options that I could perhaps directly route to to save on the standard $0.003/share exchange fee for taking liquidity (I do market orders at the moment).

My questions are will these orders be executed at a decent price, or at all? Say I see a top mover like NASDAQ:ALNY which had a couple of scalp/swing trade opportunities for me today. Would I be able to select these brokers and trade directly using them and tiered pricing to reduce my fees?

iex exchange
Remove Liquidity 1 Add Liquidity 2
Trades >=$1.00 USD 0.0009 USD 0.0009
Trades < $1.00 Trade Value * 0.003 Trade Value * 0.003

nsx exchange
Remove Liquidity 1 Add Liquidity 2
Trades > = $1.00 USD 0.0003 USD 0.0000
Trades < $1.00 Trade Value * 0.003 (Trade Value * 0.0025)

nasdaq bx
Remove Liquidity 1 Add Liquidity 2
ETF >= $1.00 (USD 0.0006) 4 USD 0.0020 3
ETF < $1.00 Trade Value * 0.0010 USD 0.0000
NASDAQ >= $1.00 (USD 0.0006) 4 USD 0.0020 3
NASDAQ < $1.00 Trade Value * 0.0010 USD 0.0000
AMEX >= $1.00 (USD 0.0006) 4 USD 0.0020 3
AMEX < $1.00 Trade Value * 0.0010 USD 0.0000
NYSE >= $1.00 (USD 0.0006) 4 USD 0.0020 3
NYSE < $1.00 Trade Value * 0.0010

nasdaq byx
Remove Liquidity 1 Add Liquidity 2
NASDAQ = $1.00 per share (USD 0.0015) USD 0.0018
NASDAQ >= $1.00 per share, Hidden Liquidity (USD 0.0015) USD 0.0024
NASDAQ < $1.00 per share Trade Value *.0010 USD 0.0000
NYSE >= $1.00 per share (USD 0.0015) USD 0.0018
NYSE >= $1.00 per share, Hidden Liquidity (USD 0.0015) USD 0.0024
NYSE < $1.00 per share Trade Value *.0010 USD 0.0000
AMEX >= $1.00 per share (USD 0.0015) USD 0.0018
AMEX >= $1.00 per share, Hidden Liquidity (USD 0.0015) USD 0.0024
AMEX < $1.00 per share Trade Value *.0010 USD 0.0000
 
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