Direct Edge, an alternative trading system, has reduced its fees, Financial News reports. The trading system will raise the rebates it pays traders to post orders on its platform.

Direct Edge will give a rebate of $0.003 per share for high volume traders, and set up a new rebate of $0.0032 per share for customers trading over 100 million shares per day on average. The fee for taking orders off its system will not be changed.

For the complete story, click here.