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Tuesday, August 21, 2012

Options Trader Alert #2012 - 52
BX Options Updates Pricing, Effective Tuesday, September 4, 2012

Markets:

Contact Information:

What you need to know:

  • Effective Tuesday, September 4, 2012, BX Options will update Fees and Rebates.
  • When removing liquidity, Customer always receives the Rebate to Remove Liquidity, regardless of contra party.

What is changing in regard to Fees and Rebates for BX Options?

Effective September 4th, Fees and Rebates for BX Options will be as follows:

CustomerBX Options Market MakerNon-Customer1
IWM, QQQ, SPY:
Rebate to Add Liquidity$0.002$0.152N/A
Fee to Add Liquidity$0.183$0.183$0.45
Rebate to Remove Liquidity$0.12N/AN/A
Fee to Remove Liquidity N/A$0.45$0.45
All Other Penny Pilot Options
Rebate to Add Liquidity$0.002$0.102N/A
Fee to Add Liquidity$0.403$0.403$0.45
Rebate to Remove Liquidity$0.32N/AN/A
Fee to Remove Liquidity N/A$0.45$0.45

1A Non-Customer is a Professional, Firm, Non-BX Options Market Maker, or a Broker-Dealer.

2The Rebate to Add Liquidity will be paid to a Customer or BX Options Market Maker only when the Customer or BX Options Market Maker is contra to a Non-Customer or BX Options Market Maker.

3The Fee to Add Liquidity will be assessed to a Customer or BX Options Market Maker only when the Customer or BX Options Market Maker is contra to a 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?


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