Trade In
Nanoseconds
Your trading logic, on-chip with the market.Trade with zero fees and get cash back.
Regulated services provided by 1Money USA, Inc., a licensed money transmitter, NMLS ID 2628653 · Licenses
No fees, new rebates, and a faster market.
Taking at PAX is free and can put money back in your pocket, while most trading venues charge fees that eat into your profits.
Typical exchange fee
−10 bps
PAX rebate
+0.25 bps
You keep
10.25 bps
1 bps = 0.01% of the trade value. Rebates are up to 0.25 bps and depend on order type.
Monetizing what matters: we sell speed, not trades.
Most trading venues charge a fee to trade, but give their biggest customers - the market makers - deep discounts on their fees.
At PAX, the majority of our customers trade with zero fees, including ordinary traders who would normally pay the highest fee tier at existing venues. PAX makes money by selling access to its λ API, a feature that is open to every PAX client but primarily of use to market makers.
Realized fee or rebate rate depends on blend of order types. Learn more
Most venues make every order cross the network.
Existing platforms require that orders originate from external servers.
Co-Location on a chip: trade from the same silicon as the matching engine.
PAX delivers zero-distance trading. Your orders aren't delayed by network latency when new market data is published; they fire instantly.
It's the fastest path from decision to execution in any market, anywhere.
Built for Wall Street and Main Street
Institutions need trusted infrastructure: third-party custody and settlement, plus ultra-low latency matching. Retail traders deserve the same institutional-grade protections without the institutional barriers.
With transparent pricing, no hidden fees, and speed as a service, PAX ensures every trader gets a fair shot at the best execution possible.