On Tuesday, September 1, 2015, the following pricing updates will be in effect.

Updates to PHLX Pricing

For executions against an order for which the Exchange broadcasts an order exposure alert in SPY, Customers will be assessed $0.00 per contract and all other market participants will be assessed $0.15 per contract for executions.

Updates to NOM Penny Pilot Options Pricing

Remove Liquidity Fees

Fee for Removing liquidity will be increased from $0.50 per contract to $0.54 per contract, expect for Customer and SPY. Customer will remain $0.48 per contract for all Penny Pilot options symbols. The Fee for Removing Liquidity in SPY will remain $0.50 per contract for all Participants, except Customer, which will remain at $0.48.

Participants who qualify for Customer or Professional Rebate to Add Liquidity Tiers 7 or 8 in a given month will be assessed as a Professional, Firm, non-NOM Market Maker, NOM Market Maker or Broker-Dealer Fee for Removing Liquidity in Penny Pilot Options of $0.50 per contract.

Add Liquidity Rebates

Customer and Professional Participants who qualify for Tier 8 and add Customer, Professional, Firm, non-NOM Market Maker and/or Broker-Dealer liquidity in Penny Pilot Options and/or non-Penny Pilot Options of 1.40% or more of total industry customer equity and ETF option ADV contracts per day in a month will receive an additional $0.05 per contract Penny Pilot Options Customer Rebate to Add Liquidity for each transaction which adds liquidity in Penny Pilot Options in that month. As such, Participants that qualify for the Tier 8 and achieve the 1.4% will receive a rebate of $0.53.