Account Types
Trader tiers, latency bumps, and fees on RISEx.
Why We Run Latency Bumps
When prices move, takers with faster infra race to pick off stale quotes before makers can cancel. Makers eat the loss, widen spreads, books thin out.
By delaying takers, makers are able to pull their orders before being adversally selected. This leads to tighter spreads and better execution for retail and a healthier venue.
Latency Bumps
A latency bump is an artificial delay injected after an order or cancel is processed. Takers, makers, and cancels each get their own delay, with takers always delayed longest.
| Tier | Taker | Maker | Cancel |
|---|---|---|---|
| API Trader | 100 ms | 10 ms | 0 ms |
| Click Trader | 300 ms | 200 ms | 200 ms |
Note: Makers must be post-only limit orders. Other limit order types are considered takers.
These tiers are calibrated to build a healthy venue. We prioritise retail and market makers while discouraging toxic flow. API Trader accounts are screened periodically, and fast-lane access may be revoked if flow is found to be toxic.
Get API Trader Access
New accounts default to the Click Trader tier. To request the API Trader tier, open a support ticket in the RISE Discord.
Fees
Fee schedules are identical across the API Trader and Click Trader tiers. See the fee schedule for current rates.