Monday, April 30, 2012
Options Trader Alert #2012 - 30
PHLX Pricing Updates, Effective Immediately
Markets:Contact Information:
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What you need to know:
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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?
- 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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