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Thursday, February 28, 2013

Options Trader Alert #2013 - 13
NOM Modifies its Liquidity Rebates in Penny Pilot Options

Markets Impacted:

Contact Information:

What you need to know:

  • Effective Friday, March 1, 2013, the non-NOM Market Maker Rebate to Add Liquidity in Penny Pilot Options will be $0.10 per contract
  • Effective Friday, March 1, 2013, the maximum Customer and Professional Rebate to Add Liquidity in Penny Pilot Options will be $0.48 per contract

What is changing on The NASDAQ Options MarketSM (NOM) with regard to the non-NOM Market Maker Rebate to Add Liquidity in Penny Pilot Options?

Effective Friday, March 1, 2013, the non-NOM Market Maker Rebate to Add Liquidity in Penny Pilot Options will be reduced from $0.25 to $0.10 per executed contract.

What is changing on NOM with respect to the Customer and Professional Rebate to Add Liquidity in Penny Pilot Options?

Effective Friday, March 1, 2013, the amended Customer and Professional Rebate to Add Liquidity in Penny Pilot Options tiers will be as follows:

Monthly Volume Rebate to Add Liquidity
Tier 1 Participant adds Customer and Professional liquidity of up to 24,999 contracts per day in a month $0.26
Tier 2 Participant adds Customer and Professional liquidity of 25,000 to 34,999 contracts per day in a month $0.40
Tier 3 Participant adds Customer and Professional liquidity of 35,000 to 74,999 contracts per day in a month $0.43
Tier 4 Participant adds Customer and Professional liquidity of 75,000 or more contracts per day in a month $0.44
Tier 5
  • Participant adds Customer and Professional liquidity of 25,000 or more contracts per day in a month
  • Participant has certified for the Investor Support Program set forth in Rule 7014
  • Participant executed at least one order on NASDAQ's equity market
$0.42
Tier 6 Participant has Total Volume of 130,000 or more contracts per day in a month of which 25,000 or more contracts per day in a month must be Customer or Professional liquidity $0.46
Tier 7
  • Participant has Total Volume of 325,000 or more contracts per day in a month, or
  • Participant adds Customer or Professional liquidity of 1.00% or more of national customer volume in multiply-listed equity and ETF options classes in a month, or
  • Participant adds Customer or Professional liquidity of 60,000 or more contracts per day in a month and NOM Market Maker liquidity of 30,000 or more per day per month.
$0.48

Where can I find additional information?



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