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Monday, April 30, 2012

Options Trader Alert #2012 - 30
PHLX Pricing Updates, Effective Immediately

Markets:

Contact Information:

What you need to know:

  • Effective immediately, NASDAQ OMX PHLXSM (PHLX®) will update Complex Order Fees for Removing Liquidity for Directed Participants and Market Makers.
  • In addition, effective immediately PHLX will remove the discount for Market Makers that execute more than 25,000 contracts per day in a month of Complex order volume in Select Symbols.
  • Effective May 1, 2012, PHLX will update the Customer rebates for Multiply Listed options that are not Select Symbols.

What is changing?

Effective immediately PHLX will update the following Complex Order Fees for Removing Liquidity in all Select Symbols as follows:

  • Complex Order Directed Participant Fee for Removing Liquidity will be increasing from $0.32 to $0.34.
  • Complex Order Market Maker Fee for Removing Liquidity will be decreasing from $0.37 to $0.36.

In addition, effective immediately, PHLX will be removing the volume discount for Market Makers that execute more than 25,000 contracts per day in a month of Complex order volume in Select Symbols.

What Customer rebates are changing?

Effective May 1, 2012, a rebate of $0.07 per contract will continue to be paid to members executing electronically-delivered Customer Orders in Multiply Listed options, other than Select Symbols, when that member transacts an average daily volume of 50,000 Customer contracts or greater in a given month. Further, an additional rebate of $0.03 per contract will be paid to members for those electronically-delivered Customer orders that: qualified for the $0.07 rebate and added Simple order liquidity in a non-Penny Pilot Option or added or removed liquidity (including auctions) in a Complex Order liquidity in a Penny Pilot Option.

Where can I find more information?

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