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Wednesday, May 31, 2023

Equity Trader Alert #2023 - 23
Nasdaq and BX Pricing Updates Effective June 1, 2023

Category:

  • Pricing

Markets Impacted:

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Pending filing with the SEC, the following pricing changes will be effective Thursday, June 1, 2023, for Nasdaq Stock Market

Discontinued Rebate to Add Liquidity

The following rebate will be removed:

All U.S. Equities Per Share Executed Liquidity Code
Rebate to Add Displayed Liquidity, Shares Executed at or Above $1.00 (based on consolidated volume)
Added by Firm
0.85% or greater added of which 0.25% or greater are Tape B securities $0.00295 A, 7, or 8

Pending filing with the SEC, the following pricing changes will be effective Thursday, June 1, 2023, for BX.

New Fee under Retail Price Improvement (RPI) Program

The following fee will be added:

All U.S. Equities Per Share Executed Liquidity Code
Fee for RPI Orders from a member that quotes RPI in at least 1,200 symbols on average per day; adds at least 1 million RPI shares per day; and grows RPI shares per day by 10% vs. March 2023* $0.0020 fee j, 4, or 1

* This fee is applicable through September 30, 2023


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