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Tuesday, July 20, 2010

Options Trader Alert #2010 - 46
NASDAQ OMX PHLX Updates Make/Take Symbols Effective July 30, 2010

Markets Impacted:

Contact Information:

What you need to know:

  • Effective for trades settling on or after Monday, August 2, 2010 (trade date Friday, July 30), NASDAQ OMX PHLXSM (PHLX®) will add BP, BIDU, FXI and XOM to the PHLX make/take pricing program.
  • Also effective for trades settling on or after Monday, August 2, 2010, PHLX will remove ARIA, CIGX and PALM from the PHLX make/take program.

How will the PHLX make/take program be updated?

Effective for trades settling on or after Monday, August 2, 2010 (trade date Friday, July 30), PHLX will update the make/take pricing program as follows:

Issues to be Added to Make/Take Issues to be Removed from Make/Take
BP p.l.c. (BP) ARIAD Pharmaceuticals, Inc. (ARIA)
Baidu, Inc. (BIDU) Star Scientific, Inc. (CIGX)
IShares Trust FTSE/Xinhua China 25 Index Fund (FXI) Palm Inc. (PALM)
Exxon Mobil Corporation (XOM)

What is the make/take pricing schedule?

The make/take pricing schedule is as follows:

Customer
Directed Participant
Specialist,
ROT, SQT
and RSQT
Firm
Broker-Dealer
Professional
Rebate for Adding Liquidity
$0.20
$0.25
$0.23
$0.00
$0.00
$0.20
Fee for Adding Liquidity
$0.00
$0.00
$0.00
$0.05
$0.05
$0.00
Fee for Removing Liquidity
$0.25
$0.30
$0.32
$0.45
$0.45
$0.40

Please note that make/take pricing applies to electronic executions only.

Where can I find additional information?



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