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Wednesday, March 31, 2021

Equity Trader Alert #2021 - 21
Updated Nasdaq Pricing Updates Effective April 1, 2021

Category:

  • Pricing

Markets Impacted:

Contact Information:

Resources:

Pending approval by the SEC, the Nasdaq pricing changes effective April 1, 2021 are as follows:

Amended Rebate to Add Displayed Liquidity

The current $0.0030 display add rebate that applies to firms adding “greater than 0.50% TCV and qualify for Tier 4 of the MARS Program on NOM” will be updated to:

Per Share Executed Liquidity Code
  1. Add greater than 0.65% TCV; and
  2. Qualify for Tier 4 of the MARS Program on NOM
 $0.0030 A, 7, 8, a, x or y

Discontinued Rebate to Add Displayed Liquidity

The following display add rebate will be removed:

Per Share Executed Liquidity Code
  1. Add greater than 0.12% TCV; and
  2. Add Customer, Professional, Firm, Non-NOM Market Maker and/or Broker-Dealer liquidity in Penny Pilot Options and/or Non-Penny Pilot Options of 1.15% or more of total industry ADV in the customer clearing range for Equity and ETF option contracts per day in a month on NOM
 $0.0030 A, 7, 8, a, x or y

Nasdaq will no longer be making the below previously announced pricing change for April:

New Rebate to Add Displayed Liquidity

Add the following new display add rebate:

Per Share Executed Liquidity Code
  1. Add greater than 0.40% TCV; and
  2. Qualify for Tier 4 of the MARS Program on NOM
 $0.0029 A, 7, 8, a, x or y

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