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Friday, July 29, 2016

Options Trader Alert #2016 - 23
PHLX and NOM Update Pricing, Effective August 1, 2016

Category:

  • Pricing

Markets Impacted:

Contact Information:

Resources:

Effective Monday, August 1, 2016, pending filing with the SEC, the following changes will apply to PHLX and NOM, respectively.

PHLX

  • Specialist and Market Maker PIXL responses will be assessed $0.25 per contract in Penny Pilot Options (excluding SPY). Please note the Marketing Fee will also apply when Specialist and Marker Maker responses interact with Customer PIXL Orders.


  • The Exchange proposes to create two additional tiers to the existing SPY Simple Order Rebates for Adding Liquidity for Specialists and Market Makers that are electronically executed:

    • $0.32 rebate for adding 35,000 to 49,999 SPY contracts per day in a month; and
    • $0.35 rebate for adding greater than 50,000 SPY contracts per day in a month.

  • SPY Customer Simple Order Fee for Removing Liquidity will be $0.45 per contract.

NOM

  • A Customer or Professional that removes liquidity in SPY Options will be assessed a fee of $0.48 per contract.

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