Wednesday, August 29, 2012
Equity Trader Alert #2012 - 34
NASDAQ Pricing Update Effective Tuesday, September 4, 2012
What you need to know:
What is changing in regard to qualifications and rebates to add displayed liquidity?
Effective September 4th, qualifications and rebates to add displayed liquidity will be as follows:
|Added through any single MPID||Rebate per share|
|Greater than 0.90%||$0.00295|
| Greater than 0.75%, and ||$0.00295|
|Added by Firm||Rebate per share|
|Greater than 1.0% added and greater than 200,000 total contracts (added and removed) on NOM||$0.00295|
|Greater than 0.5% added||$0.0029|
|Greater than 0.30% added of which 0.1% are Tape B securities||$0.0029|
|Greater than 0.25% added and greater than 100,000 total contracts (added and removed) on NOM||$0.0029|
|Greater than 0.3% added||$0.0027|
|Greater than 0.10% added and greater than 100,000 total contracts (added and removed) on NOM||$0.0027|
|Greater than 0.1% added||$0.0025|
|Minimum of 2 million shares added per day and greater than 0.45% removed||$0.0025|
|Less than 0.1% added||$0.0020|
What is changing in regard to fees to remove liquidity in Tape B Securities?
Effective September 4th, the Fee to Remove Liquidity in all Tape B Securities for all participants will be $0.0030.
What is changing in regard to the Investor Support Program?
Effective September 4th, the ISP rebate for Tier 2 will be updated from $0.000275 to $0.0001 paid on all ISP shares. Qualification methods for Tier 2 will remain unchanged.
Where can I find more information?
- Refer to the NASDAQ pricing page on the NASDAQ OMX Trader® website.
- Contact Transaction Services U.S. Market Sales at +1 800 846 0477
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