Wednesday, November 28, 2012
Equity Trader Alert #2012 - 54
NASDAQ Pricing Update Effective Monday, December 3, 2012
What you need to know:
What changes are being made to The NASDAQ Stock Market® (NASDAQ®) fees to remove liquidity?
Effective Monday, December 3, 2012, NASDAQ will reduce fees assessed for orders that execute against resting liquidity for firms or associated MPIDs that meet certain requirements, pending filing with the Securities and Exchange Commission (SEC).
Member firms that execute greater than 0.06% TCV as Market-on-Close or Limit-on-Close orders will be assessed a reduced take fee of $0.0029 for shares executed in all securities priced at or above $1.00.
Additionally, MPIDs that achieve a total participation (i.e., add + remove + route) level of greater than or equal to 0.25% of TCV and add 2 million shares of liquidity average per day will be assessed a reduced take fee of $0.0028 for shares executed in Designated Securities.
|Fees to Remove Liquidity, Shares Executed at or above $1.00|
|Member firms that execute greater than 0.06% as Market-on-Close or Limit-on-Close orders||$0.0029|
|All Other Member firms||$0.0030|
|Fees to Remove Liquidity in Designated Securities|
|MPIDs with total participation greater than or equal to 0.25% and added volume of 2 million shares||$0.0028|
|All Other MPIDs||$0.0030|
What are the Designated Securities?
Effective December 3, 2012, the Designated Securities are: BAC, DIA, EEM, F, GE, GEN, HPQ, INTC, IWM, MSFT, NOK, QQQ, S, SPY, TZA, VXX, XLF, YHOO.
Is the $0.0029 fee to remove liquidity available for Designated Securities?
Yes. If a member qualifies for the $0.0029 fee to remove liquidity based on its Market-on-Close and Limit-on-Close volumes, but the member's MPID does not meet the qualification for the $0.0028 fee, the member's MPID will be charged $0.0029 to remove liquidity in Designated Securities.
Where can I find more information?
- Contact Transaction Services U.S. Market Sales at + 1 800 846 0477.
Subscribe to Email Alerts:
NASDAQ OMX is offering customers the ability to self select news delivery across various NASDAQ OMX markets. Create and maintain a profile for updating alert preferences and contact information. Visit the enrollment form on the NASDAQ Trader website and sign up today! Please note that if you choose to unsubscribe from an email list, you may no longer receive potentially critical emails from the NASDAQ Stock Market regarding NASDAQ's trading and data products, regulatory issues or marketplace initiatives.
About the NASDAQ OMX Group: The NASDAQ OMX Group, Inc. is the world's largest exchange company. It delivers trading, exchange technology and public company services across six continents, with more than 3,600 listed companies. NASDAQ OMX offers multiple capital raising solutions to companies around the globe, including its U.S. listings market, NASDAQ OMX Nordic, NASDAQ OMX Baltic, NASDAQ OMX First North, and the U.S. 144A sector. The company offers trading across multiple asset classes including equities, derivatives, debt, commodities, structured products and exchange-traded funds. NASDAQ OMX technology supports the operations of over 70 exchanges, clearing organizations and central securities depositories in more than 50 countries. NASDAQ OMX Nordic and NASDAQ OMX Baltic are not legal entities but describe the common offering from NASDAQ OMX exchanges in Helsinki, Copenhagen, Stockholm, Iceland, Tallinn, Riga, and Vilnius. For more information about NASDAQ OMX, visit www.nasdaqomx.com.