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Friday, September 29, 2023

Options Trader Alert #2023 - 38
The Nasdaq Options Market Updated Pricing Effective October 2, 2023

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  • Pricing

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Effective Monday, October 2, 2023, The Nasdaq Options Market (NOM) will amend the Pricing Schedule as described below.

Nasdaq Options Market (NOM)

The Nasdaq Options Market will amend Tiers 5 and 6 of NOM's Market Maker Rebates to Add Liquidity in Penny Symbols under Options 7, Section 2. The NOM Market Maker Tier 5 Rebate to Add Liquidity in Penny Symbols will include an additional qualifier to achieve this rebate. Additionally, NOM will amend part “b” of the NOM Market Maker Tier 6 Rebate to Add Liquidity in Penny Symbols by lowering the (b)(1) qualifier from 1.50% to 1.40%.

The changes listed above are reflected in the updated Options 7, Section 2 of the NOM Pricing Schedule:

Section 2 Nasdaq Options Market - Fees and Rebates

Tier 5                                                                                                                                                           

Participant: (a) adds NOM Market Maker liquidity in Penny Symbols and/or Non-Penny Symbols above 1.00% of total industry customer equity and ETF option ADV contracts per day in a month; or (b) adds NOM Market Maker liquidity in Penny Symbols and/or Non-Penny Symbols of above 0.40% of total industry customer equity and ETF option ADV contracts per day in a month and transacts in all securities through one or more of its Nasdaq Market Center MPIDs that represent 0.40% or more of Consolidated Volume (“CV”) which adds liquidity in the same month on The Nasdaq Stock Market

Tier 6

Participant: (a)(1) adds NOM Market Maker liquidity in Penny Symbols and/or Non-Penny Symbols above 0.95% of total industry customer equity and ETF option ADV contracts per day in a month, (2) executes Total Volume of 250,000 or more contracts per day in a month, of which 30,000 or more contracts per day in a month must be removing liquidity, and (3) adds Firm, Broker-Dealer and Non-NOM Market Maker liquidity in Non-Penny Symbols of 10,000 or more contracts per day in a month; or (b)(1) adds NOM Market Maker liquidity in Penny Symbols and/or Non-Penny Symbols above 1.[5]40% of total industry customer equity and ETF option ADV contracts per day in a month, and (2) executes Total Volume of 250,000 or more contracts per day in a month, of which 15,000 or more contracts per day in a month must be removing liquidity

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