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Tuesday, July 31, 2018

Equity Trader Alert #2018 - 56
Nasdaq and Nasdaq BX Pricing Updates Effective August 1, 2018

Category:

  • Pricing

Markets Impacted:

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Pending filing with the SEC, the following pricing changes will be effective Wednesday, August 1, 2018 for Nasdaq BX

BX Changes

The current rebates to remove for BX will be updated to:

Shares Executed At or Above $1.00 Per Share Executed Liquidity Code
Rebate to Remove Liquidity
Firms removing at least 0.20% TCV and remove 20% more than the firm removed in May 2018 Tape A: $0.0018 Tape B: $0.0019 Tape C: $0.0018 R
Firms executing (i) a Total volume (adding + removing) of 0.50% TCV; and (ii) 20% more total volume than in July 2018 as a % of TCV. A minimum of 30% of the additional total volume must be Add volume Tape A: $0.0018
Tape B: $0.0019
Tape C: $0.0018		 R
Firms removing at least 0.10% TCV $0.0017 R
Firms removing at least 0.065% TCV $0.0015 R
All other firms $0.0001 R

Pending filing with the SEC, the following pricing changes will be effective Wednesday, August 1, 2018 for Nasdaq

Nasdaq Changes

Updated M-ELO pricing:

M-ELO executions are now $0.0000 per share executed.

Update to QMM Program:

QMMs that meet the criteria of Tier 2 and have a combined Consolidated Volume (adding and removing liquidity) of at least 3.7% and execute 0.25% MOC/LOC during the month will be assessed a discounted remove fee of $0.0029 in Tapes A and B for shares executed (in securities priced at or greater than $1).

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