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Friday, September 30, 2022

Equity Trader Alert #2022 - 89
Nasdaq Pricing Updates Effective October 3, 2022

Category:

  • Pricing

Markets Impacted:

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Pending filing with the SEC, the following pricing changes will be effective Monday, October 3, 2022, for Nasdaq.

Amended Rebate to Add Displayed Liquidity

The current $0.0029 display add credit for firms with “Greater than 0.60% added of which 0.10% are Tape B securities; and Greater than 0.175% TCV added of non-displayed liquidity (other than midpoint orders)” will be amended to:

Per Share Executed
Liquidity Code
    1. Greater than 0.60% added of which 0.10% are Tape B securities;
    2. Greater than 0.15% TCV added of non-displayed liquidity (other than midpoint orders)
 $0.0029 A, 7, 8, a, x or y

Pending filing with the SEC, the following pricing changes will be effective Monday, October 3, 2022, for BX.

Retail Price Improvement (RPI) Program

The current $0.0018 fee for “RPI orders from members quoting RPI in at least 2,500 symbols and adds at least 2.5 million RPI shares per day” will be amended to:

Per Share Executed
Liquidity Code
Fee for RPI Orders from a member quoting RPI in at least 1,200 symbols and adds at least 2.5 million RPI shares per day $0.0018 fee j or 4

The current $0.0010 rebate for “Retail orders with an accepted price greater than or equal to $10,000 that accesses liquidity provided by a RPI order” will be eliminated.

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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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