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Tuesday, September 4, 2012

Options Trader Alert #2012 - 49
PHLX Update Pricing, Effective September 4, 2012

Markets:

Contact Information:

What you need to know:

  • Effective Tuesday, September 4, 2012, PHLX will enhance the Firm Volume Discount on electronic Options Transaction Charges in Penny Pilot and non-Penny Pilot Options fees in Section II of the Pricing Schedule.

What is changing on PHLX in regard to Fees?

Firm electronic Options Transaction Charges in Penny Pilot and non-Penny Pilot Options (excluding Select Symbols and Singly-Listed Options) will continue to be reduced to $0.13 per contract and will also be further reduced to $0.00 for electronic Complex Orders that add liquidity for a given month provided that a Firm has volume greater than 600,000 electronically-delivered contracts in a month ("Electronic Firm Fee Discount"). The Electronic Firm Fee Discount will apply per member organization when such members are trading in their own proprietary account.

Where can I find more information?


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