Monday, October 1, 2012
Options Trader Alert #2012 - 57
PHLX Updates Customer Rebates, Effective October 1, 2012
Markets:Contact Information:
|
What you need to know:
|
|---|
What is changing on PHLX in regard to the Customer Rebate Program?
Effective October 1, 2012, the Average Daily Volume Threshold described below will be calculated by totaling Customer volume in Multiply-Listed Options (including Select Symbols) that are electronically delivered and executed. Volume associated with the following will be excluded from the Average Daily Volume Threshold calculation: (i) electronically-delivered and executed Customer Simple Orders in Select Symbols that remove liquidity; and (ii) electronic QCC Orders, as defined in Exchange Rule 1080(o) ("Threshold Volume"). Rebates will be paid on Threshold Volume.
| Average Daily Threshold Volume | Rebate per Contract Categories | ||
|---|---|---|---|
| Category A | Category B | Category C | |
| 0 to 49,999 contracts in a month | $0.00 | $0.00 | $0.00 |
| 50,000 to 99,999 contracts in a month | $0.07 | $0.10 | $0.00 |
| 100,000 to 274,999 contracts in a month | $0.10 | $0.14 | $0.05 |
| over 275,000 contracts in a month | $0.12 | $0.15 | $0.06 |
Category A: Rebate will be paid to members executing electronically-delivered Customer Simple Orders in Penny Pilot Options and Customer Simple Orders in Non-Penny Pilot Options in Section II. Rebate will be paid on PIXL Orders in Section II symbols that execute against non-Initiating Order interest.
Category B: Rebate will be paid to members executing electronically-delivered Customer Complex Orders in Penny Pilot Options and Non-Penny Pilot Options in Section II.
Category C: Rebate will be paid to members executing electronically-delivered Customer Complex Orders in Select Symbols in Section I.
What is changing on PHLX in regard to Monthly Market Maker Cap?
Effective October 1, 2012, Specialists and Market Makers that (i) are on the contra-side of an electronically-delivered and executed Customer order and (ii) have reached the Monthly Market Maker Cap will be assessed a $0.16 per contract fee.
Where can I find more information?
- Refer to the NASDAQ OMX pricing page.
Email Alert Subscriptions:
Nasdaq offers customers the ability to self select news delivery across various Nasdaq markets. Create and maintain a profile for updating alert preferences and contact information. Visit the enrollment form on the Nasdaq Trader website and sign up today! Please note that if you choose to unsubscribe from an email list, you may no longer receive potentially critical emails from the NASDAQ Stock Market regarding Nasdaq's trading and data products, regulatory issues or marketplace initiatives. To unsubscribe, also click on the enrollment form
Please follow Nasdaq on
Facebook
RSS and
Twitter.
Nasdaq (Nasdaq: NDAQ) is a leading global provider of trading, clearing, exchange technology, listing, information and public company services. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today's global capital markets. As the creator of the world's first electronic stock market, its technology powers more than 90 marketplaces in 50 countries, and 1 in 10 of the world's securities transactions. Nasdaq is home to approximately 3,900 total listings with a market value of approximately $13 trillion. To learn more, visit: business.nasdaq.com.
RSS Feeds
Product Login