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Thursday, October 30, 2014

Equity Trader Alert #2014 - 99
The Nasdaq Stock Market Updates Pricing Effective November 3, 2014

Category:

  • Pricing

Markets Impacted:

Contact Information:

Resources:
Monday, November 3, 2014, pending SEC approval, the following pricing modifications applicable to Tapes A, B and C will be effective on The Nasdaq Stock Market:

The current $0.00293 per executed share add displayed liquidity tier will be removed.

The total charges for DOT or LIST orders that execute in the NYSE opening process or reopening process and LIST orders that execute in the NYSE Arca opening process and NYSE Amex opening process shall not exceed $5,000 per month provided the member adds customer and/or professional liquidity in Penny Pilot Options and/or Non- Penny Pilot Options of 1.40% or more of national customer volume in multiply-listed equity and ETF options classes in a month as pursuant to Chapter XV, Section 2 of the NOM rules.

A rebate to add Designated Retail Orders liquidity of $0.0034 per executed share will be offered provided the member adds customer and/or professional liquidity in Penny Pilot Options and/or Non- Penny Pilot Options of 1.40% or more of national customer volume in multiply-listed equity and ETF options classes in a month as pursuant to Chapter XV, Section 2 of the NOM rules.

Imbalance pricing for the Opening and Closing Cross will increase from $0.0003 per share executed to $0.0004 per share executed.

Updates to Midpoint Pricing

Rebate to add non-displayed midpoint liquidity, shares executed at or above $1.00 (shares per day)
 Per share executed                 
Liquidity code                   
Firm adds greater than 5 million shares of midpoint liquidity and either adds customer and/or professional liquidity in Penny Plot Options and/or Non-Penny Plot Options of 1.40% or more of national customer volume in multiply-listed equity and ETF options classes in a month as pursuant to Chapter XV, Section 2 of the NOM rules or add 8 million shares of non-displayed liquidity (excluding RPI orders) 
$0.0025
 k
Firm adds greater than 6 million shares of midpoint liquidity
 $0.0020
 k
Firm adds greater than 5 million shares of midpoint liquidity
$0.0017k
Firm adds less than 5 million shares of midpoint liquidity
$0.0014 in Tape A & B, $0.0010 in Tape C
k
Fees to Remove Midpoint Liquidity, Shares Executed at or above $1.00Per Share ExecutedLiquidity Code
All MPIDS
 $0.0030m

For further details please visit the Pricing Page.

 

 

 

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