Pricing Tiers

TierWho can set itVisibilityNotes
RegularAll subscribersAll subscribersRequired on every Limit Order and Quote. The customer-facing price and the default price shown on order books and market data feeds.
Professional (Tiered)Dealers onlyDealers onlyOptional dealer-facing price. Falls back to the regular price if not set. Cannot be tighter than the regular price (always wider than or equal to it). Shown only to other Dealers.
OpenYield offers auto-professional (tiered) price algos to Dealer subscribers.