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Friday, January 30, 2015

Equity Trader Alert #2015 - 15
Updates to Nasdaq and BX Pricing for February 2015

Category:

  • Pricing

Markets Impacted:

Contact Information:

Resources:

Effective Monday, February 2, 2015, Nasdaq and BX will have updated pricing.

Updates to Nasdaq fees

CART orders will be charged $0.0030 per share executed for orders that execute on PSX.

An order that is routed to NYSE, NYSE MKT, or ARCA and then routed to another venue for execution will be charged $0.0030 per share executed.

Updates to BX fees

BTFY and BCRT orders that execute on Nasdaq or PSX will now be charged $0.0030 per share executed.

For the purposes of the following ‘price improvement’ shall mean the execution price was different from the accepted price of the order:


Shares Executed At
or Above $1.00
 All Tape Securities
Liquidity Code
Order with Midpoint Pegging that removes liquidity
 $0.0005 Rebate
 m
Order receives price improvement and removes from Order with Midpoint Pegging
 $0.0005 Rebate
 m

Fee to Add Liquidity using Order with Midpoint Pegging: Shares Executed At or Above $1.00
 All Tape Securities
Liquidity Code
Firm adds at least 2 million shares of non-displayed liquidity
 $0.0005 Fee
 k
Firm adds at least 1 million shares of non-displayed liquidity
 $0.0009 Fee
 k
All other firms adding non-displayed liquidity 
$0.0015 Fee
 k

Retail Price Improvement (RPI) Program
 All Tape Securities
 Liquidity Code
Retail Order that receives price improvement and accesses non-Retail Price Improvement Order with Midpoint Pegging
 $0.0005 Rebate
 q or m
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 





















  

 

 

 

 


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