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Product LoginFriday, April 20, 2012
Options Trader Alert #2012 - 27
PHLX Pricing Updates, Effective Tuesday, May 1, 2012
Markets:Contact Information:
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What you need to know:
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What is changing in regard to the Monthly Firm Fee Cap?
Effective May 1st, the Monthly Firm Fee Cap will only apply to non-electronic transactions, QCC Electronic and QCC Floor transactions.
What is changing in regard to the Firm electronic Options Transaction Charges?
Effective May 1st, Firm electronic Options Transaction Charges in Penny Pilot and Non-Penny Pilot options will be reduced to $0.11 per contract for a given month, provided that a Firm has volume greater than 750,000 electronically-executed contracts in a month.
What is changing in regard to QCC fees and rebates?
Effective May 1st, the incremental QCC Surcharge for Firms that reach the Monthly Firm Fee cap will be reduced from $0.07 to $0.01.
In addition, effective May 1st, QCC Transaction rebates will be paid as follows for all qualifying executed QCC Orders:
| Threshold | Rebate per Contract |
|---|---|
| 0 to 199,999 contracts in a month | $0.00 |
| 200,000 to 499,999 contracts in a month | $0.01 |
| 500,000 to 699,999 contracts in a month | $0.05 |
| 700,000 to 999,999 contracts in a month | $0.07 |
| Over 1,000,000 contracts in a month | $0.11 |
What is changing in regard to PHLX Non-Customer Routing Fees?
Effective May 1st, PHLX will update Non-Customer Routing Fees to all markets to $0.55 per contract, with the exception of Non-Customer Routing Fees to BATS for Non-Penny Pilot Options, which will continue to be $0.91 per contract.
Where can I find more information?
- Refer to the PHLX pricing page on the NASDAQ OMX Trader® website.
- Contact Transaction Services U.S. Market Sales at +1 800 846 0477.
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