Other fees

Exchange Cancel and/or Modify Order Fees
Many exchanges charge fees to their members for orders that are cancelled or modified, and Sonray Global charges certain related fees to its customers to help cover these exchange fees. Please note however, that the Modify/Cancel fees listed above may not be a direct "pass-through" of exchange fees in all cases as Sonray has created a cancellation policy based on ease of implementation and proper resource allocation.

Cancel Order Type	Modify Orders Fees or Cancel of Modify Fees	Execution Credit *
US Direct API stock orders (does not apply to US smart API orders)	USD 0.12/Cancel or modify order	USD .24/API directed execution
US Direct/Smart TWS + API option orders**	Amex, CBOE, ISE, and PSE: USD 1.20/Cancel or modify order Box: USD 0.10/Cancel or modify order PHLX: USD 0.60/Cancel or modify order	Amex, CBOE, ISE, and PSE Direct Orders: USD 0.20/executed contract capped at USD 1.20/executed trade. Box Direct Orders: USD 0.05/executed contract capped at USD 0.10/executed trade PHLX Direct Orders: USD 0.10/executed contract capped at USD 0.60/executed trade Smart Orders: USD 0.25/executed contract capped at USD 3.75/executed trade.
Eurex option and futures TWS and API orders	EUR 0.50/Cancel or modify order	EUR 2.50/Eurex execution in same product on same day.

Note that Time in Force orders that are submitted with a specified expiration time ("Exp. Time") will be assessed cancel fees according to the above schedule.

* Execution credits are applied against cancel or modify fees for the day. Execution credits cannot be greater than cancel/modify fees .
** Volatility continuous update and peg-to-stock smart routed orders will be only routed to Box and PHLX and will not incur modify fees.

EXCHANGE TRADE BUST/TRADE ADJUST FEES
If an exchange or other market centre charges to Sonray Global a trade bust or trade cancel fee or trade adjust fee because of an order placed by an Sonray Global customer, or because of a customer bust or adjust request, the customer is fully responsible for the fee and the fee will be deducted from the customer’s account.

SPECIALIST PASS THROUGH FEES
The NYSE specialists charge substantial handling fees, typically $0.01 USD per share, for orders residing on their order book (i.e. not executed) for more than 5 minutes. Customers who make excessive use of NYSE directed orders such that substantial specialist costs are incurred by Sonray Global, may be charged these specialist fees as a pass-through. In general, if the volume of directed orders incurring specialist charges is less than 5% of the total volume traded in the account, there will be no pass through of the charges. Traders can avoid the specialist fee problem by using SMART routing.

EXERCISE & ASSIGNMENT FEES

Options - FREE

US Index Options - FREE

Non US Index Options - Charged the option commission if in-the-money, Out-of-money - FREE

Futures and Futures Options - Charged the futures options & futures commission. Charged fees at expiration.

WITHDRAWAL FEES
Sonray Global will charge the following fees for a withdrawal:

Base Currency	Wires	Cheques	ACH/EFT
USD	10.00	4.00	1.00
AUD	15.00	N/A	N/A
CAD	16.00	N/A	2.00
CHF	11.00	N/A	N/A
EUR	8.00	N/A	N/A
GBP	7.00	N/A	N/A
HKD	95.00	N/A	N/A
JPY	1,600.00	N/A	N/A

MISCELLANEOUS FEES

Base Currency	Cheque Stop Payment	Bounced Cheque Fee	Archived Statements**
Australian Dollars (AUD)	N/A	N/A	AUD 200/first statement, AUD 50/each additional statement.
British Pounds (GBP)	N/A	N/A	GBP 90/first statement, GBP 20/each additional statement.
Canadian Dollars (CAD)	N/A	CAD 25.00	CAD 100/first statement, CAD 25/each additional statement.
Euros (EUR)	N/A	N/A	EUR 100/first statement, EUR 25/each additional statement.
Hong Kong Dollars (HKD)	N/A	N/A	HKD 700/first statement, HKD 175/each additional statement.
Japanese Yen (JPY)	N/A	N/A	JPY 12,500/first statement, JPY 3,125 each additional statement.
Swiss Francs (CHF)	N/A	N/A	CHF 200/first statement, CHF 50/each additional statement.
US Dollars (USD)	$50.00	$25.00	USD 100/first statement, USD 25/each additional statement.