Tuesday, November 4, 2014

Equity Trader Alert #2014 - 102
Nasdaq Institutes a $0.0007 Remove Fee Cap for Select Symbols


  • Pricing

Markets Impacted:

Contact Information:


Effective Monday, February 2, 2015, the following pricing schedule will be in place for 7 Nasdaq-listed and 7 NYSE-listed securities ("Select Symbols"):

    Fee/ Rebate
    Rate per Share
    Liquidity Code
    Fee to Remove Liquidity
    $0.0007 6
    Rebate to Add Displayed Liquidity
    $0.0006 4
    Rebate to Add Non-Displayed Midpoint
    $0.0004 g
    Rebate to Add Other Non-Displayed Liquidity
    $0.0000 5

    The Select Symbols will be announced at a later date.

    Nasdaq intends to have the Select Symbol program active for no less than four months.

    Periodically, Nasdaq’s Economic and Statistical Research Group intends to make public via an Equity Trader Alert the results of the above on-going program. Statistics to be analyzed and discussed are changes in market share, displayed liquidity, effective spreads, and volatility amongst other metrics.

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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.