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Monday, December 30, 2019

Equity Trader Alert #2019 - 96
Nasdaq Pricing Updates Effective January 2, 2020

Category:

  • Pricing

Markets Impacted:

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Pending filing with the SEC, the following pricing changes will be effective Thursday, January 2, 2020, for Nasdaq.

Amended Rebate to Add Displayed Liquidity

The current add tier providing firms a $0.0029 rebate for adding greater than 0.6% TCV will be updated:

Per Share Executed Liquidity Code
Greater than 0.70% added $0.0029 A, 7, 8, a, x or y

The current add tier providing firms a $0.0029 rebate for adding greater than 0.50% TCV and removing greater than 0.70% TCV will be updated:

Per Share Executed Liquidity Code
Add greater than 0.60% TCV and Remove greater than 0.80% TCV $0.0029 A, 7, 8, a, x or y

The current add tier providing firms a $0.0028 rebate for adding greater than 0.225% of TCV and removing greater than 0.60% TCV will be updated:

Per Share Executed Liquidity Code
Add greater than 0.35% of TCV and Remove greater than 0.75% TCV $0.0028 A, 7, 8, a, x or y

The current add tier providing firms a $0.0027 rebate for adding greater than 0.175% TCV and removing greater than 0.50% TCV will be updated:

Per Share Executed Liquidity Code
Add greater than 0.25% TCV and Remove greater than 0.60% TCV $0.0027 A, 7, 8, a, x or y

Discontinued Rebate to Add Displayed Liquidity

The following add tier providing firms a $0.0026 rebate for adding displayed liquidity will be removed:

Per Share Executed Liquidity Code
1. Minimum of 800,000 shares added in Tape B securities per day; and 2. Add double the volume in Tape B securities versus the firm’s January 2017 add volume in Tape B securities $0.0026 A, 7, 8, a, x or y

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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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