RSS Feeds
Product LoginMonday, October 01, 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.
Subscribe to Email Alerts:
NASDAQ OMX is offering customers the ability to self select news delivery across various NASDAQ OMX 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.
Please follow NASDAQ OMX on 
Facebook 
RSS and
Twitter.
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.
