Wednesday, August 29, 2012
Equity Trader Alert #2012 - 34
NASDAQ Pricing Update Effective Tuesday, September 4, 2012
Markets Impacted:Contact Information:
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What you need to know:
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What is changing in regard to qualifications and rebates to add displayed liquidity?
Effective September 4th, qualifications and rebates to add displayed liquidity will be as follows:
| Added through any single MPID | Rebate per share |
|---|---|
| Greater than 0.90% | $0.00295 |
Greater than 0.75%, and
| $0.00295 |
| Added by Firm | Rebate per share |
| Greater than 1.0% added and greater than 200,000 total contracts (added and removed) on NOM | $0.00295 |
| Greater than 0.5% added | $0.0029 |
| Greater than 0.30% added of which 0.1% are Tape B securities | $0.0029 |
| Greater than 0.25% added and greater than 100,000 total contracts (added and removed) on NOM | $0.0029 |
| Greater than 0.3% added | $0.0027 |
| Greater than 0.10% added and greater than 100,000 total contracts (added and removed) on NOM | $0.0027 |
| Greater than 0.1% added | $0.0025 |
| Minimum of 2 million shares added per day and greater than 0.45% removed | $0.0025 |
| Less than 0.1% added | $0.0020 |
What is changing in regard to fees to remove liquidity in Tape B Securities?
Effective September 4th, the Fee to Remove Liquidity in all Tape B Securities for all participants will be $0.0030.
What is changing in regard to the Investor Support Program?
Effective September 4th, the ISP rebate for Tier 2 will be updated from $0.000275 to $0.0001 paid on all ISP shares. Qualification methods for Tier 2 will remain unchanged.
Where can I find more information?
- Refer to the NASDAQ pricing page on the NASDAQ OMX Trader® website.
- Contact Transaction Services U.S. Market Sales at +1 800 846 0477
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