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Friday, July 31, 2015

Equity Trader Alert #2015 - 128
Nasdaq Pricing Updates for August 3, 2015

Category:

  • Pricing

Markets Impacted:

Contact Information:

Resources:

Pending SEC filing, effective Monday, August 3, 2015, the following programs will be introduced or amended.

NBBO Program

Nasdaq will provide a rebate per share executed with respect to all other displayed orders (other than Designated Retail Orders, as defined in Rule 7018) in securities priced at $1 or more per share that provide liquidity and establish the NBBO. The rebate will be in addition to any rebate or credit payable under Rule 7018 and Rule 7014.

To qualify for the $0.0004 per share executed in Tape A securities and $0.0002 in Tapes B and C securities, the member must:

(1) Execute shares of liquidity provided in all securities through one or more of its Nasdaq Market Center MPIDs that represents 0.50% or more of Consolidated Volume during the month, or

(2) Add NOM Market Maker liquidity, as defined in Chapter XV, Section 2 of the Nasdaq Options Market rules, in Penny Pilot Options and/or Non-Penny Pilot Options above 0.90% of total industry customer equity and ETF option ADV contracts per day in a month.

Updates to Display Adding Pricing

Add Customer, Professional, Firm, Non-NOM Market Maker and/or Broker-Dealer liquidity in Penny Pilot Options and/or Non- Penny Pilot Options of 1.15% or more of total industry ADV in the customer clearing range for Equity and ETF option contracts per day in a month on the Nasdaq Options Market to receive a $0.0029 rebate for displayed liquidity.









 

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