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Thursday, April 15, 2021

Options Trader Alert #2021 - 26
Nasdaq-100® Micro Index Options (XND) Pricing

Category:

  • Listing

Markets Impacted:

Contact Information:

Resources:

Effective April 15, 2021, Nasdaq PHLX (PHLX), will be listing series in the Nasdaq-100® Micro Index (XND). Pending filing with the SEC, the pricing for options transactions in this series will be detailed as the following:

  • The below pricing applies to electronic (simple and complex orders) and floor transactions:
Market ParticipantsOptions Transaction Charges
Customer$0.00
Lead Market Maker, Market Maker, Firm, Broker-Dealer, Professional Customer$0.10
  • A surcharge for XND of $0.10 per contract will be assessed to Non-Customers.

  • XND will be excluded from the following pricing programs:

    • • Customer Rebate Program: Rebates will not be paid on XND contracts in any Category, however XND contracts will count toward the volume requirement to qualify for a Customer Rebate Tier.

    • Non-Penny Symbol complex surcharge

    • Monthly Market Maker Cap

    • Monthly Firm Fee Cap

    • Floor Options Transaction Charge waivers

    • Strategy Caps

    • Marketing Fees

    • Market Access and Routing Subsidy

    • PIXL Pricing: Options Transaction Charges set forth in the table above will apply instead for PIXL XND transactions

    • FLEX Transaction Fees: Options Transaction Charges set forth in the table above will apply instead for FLEX XND transactions

 

For additional information, please refer to the XND Product Sheet.

Please contact indexoptions@nasdaq.com with any additional questions.

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