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Product LoginThursday, February 2, 2012
Options Trader Alert #2012 - 7
NOM Delays January ORF Collection
Markets:Contact Information:
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What you need to know:
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What is changing?
On January 3, 2012, NOM implemented a $0.0015 ORF on all cleared customer contracts if the OCC Clearing Member is a NOM Participant. If the customer is not a NOM Participant, the ORF is assessed only on contracts executed on NOM.
Due to technical reasons, NOM will not be able to process the January ORF through OCC. This will be resolved by March 1, 2012, at which time NOM will collect both the January and February NOM ORF.
This delay does not impact NASDAQ OMX PHLXSM (PHLX®).
What is the ORF?
The ORF is assessed on each NOM Participant for all options transactions executed or cleared by the NOM Participant that are cleared by OCC in the customer range, regardless of the exchange on which the transaction occurs. The fee is collected indirectly from NOM Participant through their clearing firms by OCC on behalf of either PHLX or NOM.
Where can I find more information?
- Contact Transaction Services U.S. Market Sales at +1 800 846 0477.
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