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Thursday, May 31, 2018

Options Trader Alert #2018 - 21
Nasdaq ISE, Nasdaq GEMX and Nasdaq MRX Updated Pricing, Effective June 1, 2018

Category:

  • Pricing

Markets Impacted:

Contact Information:

Resources:

Effective Friday, June 1 2018, pending filing with the SEC, the following changes will apply to Nasdaq ISE, Nasdaq GEMX and Nasdaq MRX respectively..


Nasdaq ISE


  • The threshold to qualify for the Tier 9 of the Priority Customer Complex Tiers will be reduced from 3.50% to 3.25% based on a member’s qualifying complex volume.

  • Nasdaq ISE Market Makers making or taking liquidity will no longer receive the discount of $0.02 when trading against Priority Customer orders preferenced to them in the Complex Order Book.

  • Nasdaq ISE Market Makers initiating or responding to Flash Orders in Non-Select symbols will be assessed the corresponding charge associated with the Market Maker discount tiers as described in Section IV, Subsection D. The credit for responding to Flash Orders will continue to apply as described in Section IV, Subsection G of the fee schedule.


Route-Out Fees


ExchangeMarket ParticipantsRoute Charge
Nasdaq ISEMarket Maker, FarMM, Firm Prop / BD, Professional Customer $0.95 $1.09
Nasdaq GEMXMarket Maker, FarMM, Firm Prop / BD, Professional Customer $0.95 $1.09
Nasdaq MRXAll Market Participants$0.96 $1.09


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