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Friday, July 31, 2015

Options Trader Alert #2015 - 20
PHLX and NOM Update Pricing, Effective August 3, 2015

Category:

  • Pricing

Markets Impacted:

Contact Information:

Resources:

Effective Monday, August 3, 2015, pending filing with the SEC, the following changes will apply to PHLX and NOM pricing.

PHLX

New Customer Rebate Program for electronically-delivered Customer Orders.


Customer Rebate Tiers
Percentage Thresholds of National Customer Volume in Multiply-Listed Equity and ETF Options Classes, excluding SPY Options (Monthly)
Category A

Customer Simple Orders

 
Category B

Customer PIXL Ordersa

Category C

Customer Complex and Customer Complex PIXL Ordersb

Tier 1
0.00% - 0.60% $0.00 $0.00 $0.00
Tier 2
Above 0.60% - 1.10%
$0.10* $0.10* $0.17*
Tier 3
Above 1.10% - 1.60% $0.15 $0.12* $0.17*
Tier 4
Above 1.60% - 2.50% $0.20 $0.16 $0.22
Tier 5 
Above 2.50% $0.21 $0.17 $0.22

Footnotes:

a In the instance where member organizations qualify for Tier 4 or higher in the Customer Rebate Program, Customer PIXL Orders that execute against a PIXL Initiating Order will be paid a rebate of $0.14 per contract. Rebates on Customer PIXL Orders will be capped at 4,000 contracts per order for Simple PIXL Orders.

b Rebates on Customer PIXL Orders will be capped at 4,000 contracts per order leg for Complex PIXL Orders. The Category C Rebate will not be paid when an electronically-delivered Customer Complex Order, including Customer Complex PIXL Order, executes against another electronically-delivered Customer Complex Order.

*The Exchange will pay a $0.02 per contract rebate for Customer Simple and Customer PIXL Orders and a $0.03 per contract rebate Customer Complex and Customer Complex PIXL Orders in addition to the applicable Tier 2 and 3 rebate to a Specialist or Market Maker or its member or member organization affiliate under Common Ownership provided the Specialist or Market Maker has reached the Monthly Market Maker Cap, as defined in Section II.

NOM

Participants that add Customer, Professional, Firm, Non-NOM Market Maker and/or Broker-Dealer liquidity in Penny Pilot Options and/or Non- Penny Pilot Options of 1.15% or more of total industry customer equity and ETF option ADV contracts per day in a month will receive an additional $0.02 per contract Penny Pilot Options Customer Rebate to Add Liquidity for each transaction which adds liquidity in Penny Pilot Options in that month.


 

 

 



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