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Monday, November 30, 2015

Options Trader Alert #2015 - 33
NOM Pricing Update Effective December 1, 2015

Category:

  • Pricing

Markets Impacted:

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Effective Tuesday, December 1, 2015, pending filing with the SEC, the following pricing changes will apply to the Nasdaq Options Market (NOM).

Non-Penny Pilot Options - Customer Rebate to Add Liquidity

The Non-Penny Pilot Options Customer Rebate will be $0.80 per contract.

Participants that qualify for Customer or Professional Penny Pilot Options Rebate to Add Liquidity Tiers 2, 3, 4, 5 or 6 will receive an additional $0.10 per contract Non-Penny Pilot Options Customer Rebate to Add Liquidity.

Participants that qualify for Customer or Professional Penny Pilot Options Rebate to Add Liquidity Tiers 7 or 8 will receive an additional $0.20 per contract Non-Penny Pilot Options Customer Rebate to Add Liquidity.

Non-Penny Pilot Options - Fee for Removing Liquidity

The Professional, Firm, Non-NOM Market Maker, NOM Market Maker, and Broker-Dealer Non-Penny Pilot Options Fee for Removing Liquidity will be $1.10 per contract.

Participants that qualify for Customer or Professional Penny Pilot Options Rebate to Add Liquidity Tiers 2, 3, 4, 5 or 6 will receive a $0.02 discount ($1.08 per contract) Non-Penny Pilot Options Fee for Removing Liquidity for Professional, Firm, Non-NOM Market Maker, NOM Market Maker and Broker-Dealer orders.

Participants that qualify for Customer or Professional Penny Pilot Options Rebate to Add Liquidity Tiers 7 or 8 will receive a $0.07 discount ($1.03 per contract) Non-Penny Pilot Options Fee for Removing Liquidity for Professional, Firm, Non-NOM Market Maker, NOM Market Maker and Broker-Dealer orders.

The Non-Penny Pilot Options Fee for Removing Liquidity for Customers will remain at $0.85 per contract.

Amendment to Tier 8 Customer and Professional Rebate to Add Liquidity Tier

Participants will continue to receive an additional $0.03 per contract Penny Pilot Options Customer Rebate to Add Liquidity for each transaction which adds liquidity in Penny Pilot Options in a month, if the following two requirements are met:

  1. Customer, Professional, Firm, Non-NOM Market Maker and/or Broker-Dealer liquidity in Penny or Non-Penny Pilot Options are above 0.75% of total industry customer equity and ETF option ADV contracts per day in a month; and
  2. Participant has added liquidity in all securities through one or more of its Nasdaq Market Center MPIDs that represent 1.10% or more of Consolidated Volume in a month.

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