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Friday, February 26, 2016

Options Trader Alert #2016 - 4
BX Options Introduces a Select Symbol Program – Effective March 1, 2016

Category:

  • Pricing

Markets Impacted:

Contact Information:

Resources:

Effective Tuesday, March 1, 2016, pending SEC approval, the following pricing changes will apply to Nasdaq BX Options (“BX Options").

  • BX Options will introduce a select symbol list pricing program within the penny pilot, specific to ETP products only.
  • Firm volume will be separated from Non-Customer for fee purposes only within the select symbols. Firm will continue to be treated as Non-Customer for all other Penny and Non-Penny Pilot Options.

BX Options Select Symbol Options Tier Schedule

Rebate to Add LiquidityFee to Add LiquidityRebate to Remove LiquidityFee to Remove Liquidity
Applied to:CustomerBX Options Market MakerCustomerBX Options Market Maker
Trading with:Non-Customer, Firm, or BX Options Market MakerCustomerNon-Customer, Firm, BX Options Market Maker or CustomerCustomer
Tier 1Participant executes less than 0.05% of total industry customer equity and ETF option ADV contracts per month.$0.00 $0.44$0.00 $0.42
Tier 2Participant executes 0.05% to less than 0.15% of total industry customer equity and ETF option ADV contracts per month.$0.10 $0.44$0.25 $0.42
Tier 3Participant executes 0.15% or more of total industry customer equity and ETF option ADV contracts per month.$0.20 $0.40 $0.37$0.39
Tier 4Participant executes more than 10,000 PRISM Agency Contracts for the month; or 0.30% or more total industry customer equity and ETF options ADV per month within the BX Options Market Maker range$0.25$0.29$0.37 $0.25

  • BX Options Market Maker fee to add liquidity in Select Symbols will be $0.04 when trading with Firm, Non-Customer, or BX Options Market Maker.
  • FIRM add and remove liquidity fee in Select Symbols will be $0.33 per contract, regardless of counterparty.
  • NON-CUSTOMER add and remove liquidity fee in Select Symbols will be $0.46 per contract, regardless of counterparty.
  • BX Options Market Maker fee to remove liquidity in Select Symbols will be $0.46 per contract when trading with FIRM, Non-Customer, or BX Options Market Maker.
  • CUSTOMER add liquidity fee in Select Symbols when contra to another customer is $0.33 per contract.
  • Volume from all products listed on BX Options will apply to the Select Symbols Tiers.

BX Options Select Symbol List

SymbolExchange Traded Product Name
ASHRDeutsche X-Trackers Harvest CSI 300 China A-Shares
DIADiamonds Trust
DXJWisdomTree Japan Hedged Equity Fund
EEMiShares MSCI Emerging Mkts. Index Fund
EFAiShares MSCI EAFE Index Fund
EWJiShares MSCI Japan Index Fund
EWTiShares MSCI Taiwan Index Fund
EWWiShares MSCI Mexico Investable Market Index Fund
EWYiShares MSCI South Korea Index Fund
EWZiShares MSCI Brazil Index Fund
FASDirexion Daily Financial Bull 3X Shares
FAZDirexion Daily Financial Bear 3X Shares
FXECurrencyShares Euro Trust
FXIiShares FTSE/Xinhua China 25 Index Fund
FXPProShares UltraShort FTSE/Xinhua China 25
GDXMarket Vectors - Gold Miners ETF
GLDSPDR Gold Trust
HYGiShares iBoxx $ High Yield Corporate Bond ETF
IWMiShares Russell 2000 Index
IYRiShares Dow Jones US Real Estate Index Fund
KRESPDR KBW Regional Banking ETF
OIHMarket Vectors Oil Service ETF
QIDProShares UltraShort QQQ
QLDProShares Ultra QQQ
QQQPowerShares QQQ Trust
RSXMarket Vectors Russia ETF
SDSProShares UltraShort S&P500
SKFProShares UltraShort Financials
SLViShares Silver Trust
SPYSPDR S&P 500
SRSProShares UltraShort Real Estate
SSOProShares Ultra S&P500
TBTProShares UltraShort 20+ Year Treasury
TLTiShares Barclays 20+ Year Treasury Bond Fund
TNADirexion Daily Small Cap Bull 3X Shares
TZADirexion Daily Small Cap Bear 3x Shares
UNGUnited States Natural Gas Fund LP
UREProShares Ultra Real Estate
USOUnited States Oil Fund LP
UUPPowershares DB US Dollar Index Bullish Fund
UVXYProShares Ultra VIX Short-Term Futures ETF
UYGProShares Ultra Financials
VXXiPath S&P 500 VIX Short-Term Futures ETN
XHBSPDR S&P Homebuilders ETF
XLBMaterials Select Sector SPDR Fund
XLEEnergy Select Sector SPDR
XLFFinancial Select Sector SPDR
XLIIndustrial Select Sector SPDR Fund
XLKTechnology Select Sector SPDR Fund
XLPConsumer Staples Select Sector SPDR Fund
XLUUtilities Select Sector SPDR Fund
XLVHealth Care Select Sector SPDR Fund
XLYConsumer Discretionary Sel. Sec. SPDR Fund
XMESPDR S&P Metals & Mining ETF
XOPSPDR S&P Oil & Gas Exploration & Production ETF
XRTSPDR S&P Retail ETF

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