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Friday, May 18, 2012

Options Trader Alert #2012 - 32
PHLX and NOM Update NDX Pricing, Effective June 1, 2012

Markets:

Contact Information:

What you need to know:

  • Effective Friday, June 1, 2012, The NASDAQ Options MarketSM (NOM) will update Rebates and Fees for Removing and Adding Liquidity.
  • Effective Friday, June 1, 2012, NASDAQ OMX PHLXSM (PHLX®) will update Routing Fees for NDX.

What is changing in regard to NOM Pricing for NDX?

Effective Friday, June 1, 2012, NOM pricing for NDX will be as follows:

Customer Professional Firm Non-NOM Market Maker NOM Market Maker
Rebate to Remove Liquidity $0.40$0.00$0.00$0.00$0.00
Rebate to Add Liquidity *$0.00$0.00$0.00*
Fee to Add Liquidity *$0.70$0.70$0.70*
Fee to Remove Liquidity $0.00$0.70$0.70$0.70$0.70

*A Customer and NOM Market Maker will receive a Rebate to Add Liquidity of $0.20 per contract when trading against a Professional, Firm, NOM Market Maker or Non-NOM Market Maker and will pay a Fee to Add Liquidity of $0.65 per contract when trading against a Customer.

Please note, MNX pricing will remain unchanged.

What is changing in regard to PHLX Routing Fees for NDX?

Effective Friday, June 1, 2012, PHLX will be updating Routing Fees for NDX to $0.11 per contract for Customers and $0.81 per contract for Professionals and Firms/Broker-Dealers/Market Makers.

Where can I find more information?