Search:
   

Wednesday, February 1, 2012

Equity Trader Alert #2012 - 6
NASDAQ Announces Updates to the Pre-Market Investor Program

Markets Impacted:

Contact Information:

What you need to know:

  • Effective Wednesday, February 1, 2012, pending filing with the Securities and Exchange Commission (SEC), The NASDAQ Stock Market® (NASDAQ®) will be re-naming the Pre-Market Investor Program (PMI) the Extended Hours Investor Program (EHI).
  • The program will be expanded to include MPIDs with significant post-market activity.

What is changing with the PMI / EHI program?

Effective Wednesday, February 1, 2012, NASDAQ will be changing the name of the Pre-Market Investor Program to Extended Hour Investor Program (EHI).

In addition, NASDAQ will introduce an additional method by which MPIDs can qualify for a rebate in EHI. In order for firms to earn an additional $0.0002 rebate per displayed added share priced above $1.00, they must:

  • Add at least two million shares during pre-market hours daily on average over the month or
  • Add at least three million shares during both pre- and post-market hours daily on average over the month.

What are the other EHI requirements?

To qualify for EHI rebates, an MPID must meet the following criteria:

  • Member must submit a EHI application to designate an MPID as EHI-eligible (EHI is administered at the MPID-level)
  • EHI-designated MPID must add 2 million or more shares during pre-market hours daily (on average over the month), or add 3 million or more shares during pre and post-market hours daily (on average over the month)
  • EHI-designated MPID must maintain an Orders to Orders Executed ratio of 10:1 or less
  • EHI-designated MPID must maintain a ratio of executed liquidity adding volume to total volume of greater than 80%

Where can I find additional information?


Email Alert Subscriptions:
Nasdaq offers customers the ability to self select news delivery across various Nasdaq 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. To unsubscribe, also click on the enrollment form

Please follow Nasdaq on Facebook RSS and Twitter.

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.

View NASDAQTrader.com Mobile