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Wednesday, September 30, 2015

Equity Trader Alert #2015 - 154
Nasdaq Pricing Updates Effective October 1, 2015

Category:

  • Pricing

Markets Impacted:

Contact Information:

Resources:

Effective Thursday, October 1, 2015, the following pricing updates will be in place.

For the following 10 symbols, the minimum rebate for adding displayed liquidity will be $0.0029 per share for shares executed at or above $1.00.

Symbols
EEM
EWJ
GDX
IWM
NUGT
SPY
UWTI
VXX
XIV
XLF

For example, if a member firm is currently receiving a rebate of $0.0028 or below per share when adding displayed liquidity, the member will now receive a rebate of $0.0029 per share when adding displayed liquidity in the 10 above symbols.

Nasdaq is adding a new displayed liquidity tier:


Rebate to Add Displayed Liquidity, Shares Executed at or Above $1.00 (based on consolidated U.S. average daily share volume)*
Added by Firm Per Share
Executed
Liquidity
Code
Member firms who add greater than 0.20% TCV and adds Customer, Professional, Firm, Non-NOM Market Maker, NOM Market Maker and/or Broker-Dealer liquidity in Penny Pilot Options and/or Non- Penny Pilot Options of 0.90% or more of total industry ADV in the customer clearing range for Equity and ETF option contracts per day in a month on NOM
$0.0030
A or 7
or 8

 
The following Add displayed liquidity tier will be removed:

Greater than 0.60% and Add Customer, Professional, Firm, Non-NOM Market Maker and/or Broker-Dealer liquidity in Penny Pilot Options and/or Non- Penny Pilot Options of 1.25% or more of total industry ADV in the customer clearing range for Equity and ETF option contracts per day in a month on NOM
$0.0030
A or 7
or 8

For further details please visit the Pricing Page.



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