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Product LoginThursday, June 21, 2012
Options Trader Alert #2012 - 39
BX Options Announces Pricing, Effective Monday, July 2, 2012
Markets:Contact Information:
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What you need to know:
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What is changing?
As announced in OTA #31, NASDAQ OMX plans to launch a new options market, BX Options, on June 29, 2012, pending SEC approval. BX Options pricing will be effective on Monday, July 2, 2012. There will be no fees or rebates for trading on BX Options prior to July 2nd.
What Are the Fees and Rebates for BX Options?
Effective July 2nd, Fees and Rebates for BX Options will be as follows:
| Customer | BX Options Market Maker | Non-Customer | |
|---|---|---|---|
| IWM, QQQ, SPY: | |||
| Rebate to Add Liquidity** | $0.15 | $0.15 | N/A |
| Fee to Add Liquidity** | $0.15 | $0.15 | $0.43 |
| Rebate to Remove Liquidity | $0.12 | N/A | N/A |
| Fee to Remove Liquidity | N/A | $0.43 | $0.43 |
| BAC, C, CSCO, F, INTC, MSFT, JPM, GLD, SLV, USO: | |||
| Rebate to Add Liquidity** | $0.15 | $0.15 | N/A |
| Fee to Add Liquidity** | $0.37 | $0.37 | $0.43 |
| Rebate to Remove Liquidity | $0.32 | N/A | N/A |
| Fee to Remove Liquidity | N/A | $0.43 | $0.43 |
| All Other Penny Pilot Options | |||
| Rebate to Add Liquidity** | $0.10 | $0.10 | N/A |
| Fee to Add Liquidity** | $0.40 | $0.40 | $0.43 |
| Rebate to Remove Liquidity | $0.32 | N/A | N/A |
| Fee to Remove Liquidity | N/A | $0.43 | $0.43 |
A Non-Customer is a Professional, Firm, Non-BX Options Market Maker, or a Broker-Dealer.
**Customer and BX Options Market Maker will pay the Fee to Add Liquidity when contra to a Customer, otherwise Customer and BX Options Market Maker will receive the Rebate to Add Liquidity when contra to a Non-Customer.
For more information, please visit the BX Options Pricing Page.
What are the Routing Fees for BX Options?
Please visit the BX Options Pricing Page for the details concerning the BX Options Routing Fees.
Where can I find more information?
- Refer to the BX Options Page on the NASDAQ Trader® website.
- Refer to the BX Options FAQs.
- Refer to the BX Options Fact Sheet.
- Contact Transaction Services U.S. Market Sales at +1 800 846 0477.
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About the NASDAQ OMX Group: The NASDAQ OMX Group, Inc. is the world's largest exchange company. It delivers trading, exchange technology and public company services across six continents, with more than 3,600 listed companies. NASDAQ OMX offers multiple capital raising solutions to companies around the globe, including its U.S. listings market, NASDAQ OMX Nordic, NASDAQ OMX Baltic, NASDAQ OMX First North, and the U.S. 144A sector. The company offers trading across multiple asset classes including equities, derivatives, debt, commodities, structured products and exchange-traded funds. NASDAQ OMX technology supports the operations of over 70 exchanges, clearing organizations and central securities depositories in more than 50 countries. NASDAQ OMX Nordic and NASDAQ OMX Baltic are not legal entities but describe the common offering from NASDAQ OMX exchanges in Helsinki, Copenhagen, Stockholm, Iceland, Tallinn, Riga, and Vilnius. For more information about NASDAQ OMX, visit www.nasdaqomx.com.
