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Friday, January 29, 2010

Equity Trader Alert #2010 - 5
NASDAQ OMX BX Announces New Sub-Dollar Pricing Effective February 1, 2010

Markets Impacted:

  • NASDAQ OMX BX

Contact Information:

What you need to know:

  • Effective Monday, February 1, 2010, NASDAQ OMX BX will modify pricing for orders executed with a share price below $1.00.

What is changing?

Effective Monday, February 1, 2010, NASDAQ OMX BXSM (BXSM) will modify pricing for orders executed with a share price below $1.00.

What is the new pricing for executing sub-dollar orders on BX?

BX will introduce a rebate of 0.25% (i.e. 25 basis points) of the total dollar volume of the transaction when adding both displayed and non-displayed liquidity in stocks with prices below $1.00.

Firms will be charged 0.30% (i.e. 30 basis points) of the total dollar volume of the transaction when removing liquidity in stocks with prices below $1.00.

Where can I find additional information?

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Nasdaq (Nasdaq: NDAQ) is a leading global provider of trading, clearing, exchange technology, listing, information and public company services. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today's global capital markets. As the creator of the world's first electronic stock market, its technology powers more than 90 marketplaces in 50 countries, and 1 in 10 of the world's securities transactions. Nasdaq is home to approximately 3,900 total listings with a market value of approximately $13 trillion. To learn more, visit: business.nasdaq.com.

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