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Monday, December 20, 2021

Options Trader Alert #2021 - 61
Nasdaq MRX Connectivity Fees Pricing – Effective March 1, 2022

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  • Pricing

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Effective March 1, 2022, pending filing with the SEC, the following changes will apply to Nasdaq MRX, LLC.


Section 5. Other Options Fees and Rebates

E. Access Fees

Electronic Access Member

     $200 per month per membership.

Market Maker

     Primary Market Maker - $200 per month, per membership.

     Competitive Market Maker - $100 per month, per membership.

F. CMM Trading Right Fees

$850 per month for the first trading right.

$500 per month for each additional trading right.

 

Section 6. Ports and Other Services

The below charges are assessed by MRX for connectivity to MRX.

A port is a logical connection or session that enables a market participant to send inbound messages and/or receive outbound messages from the Exchange using various communication protocols. Fees are assessed in full month increments and are not prorated.

 

(i) The following order and quote protocols are available on MRX.

(1) FIX Port Fee2  $650 per port, per month, per account number
(2) SQF Port Fee1  $1,250 per port, per month
(3) SQF Purge Port Fee1  $1,250 per port, per month
(4) OTTO Port Fee2  $650 per port, per month, per account number

 

(ii) The following order and execution information is available to Members.

(1) CTI Port Fee2  $650 per port, per month, per account number
(2) FIX DROP Port Fee2  $650 per port, per month, per account number

 

(iv) Other ports:

Disaster Recovery Port Fee2 for ports in subsections (i) - (iii)  $50 per port, per month, per account  number

 

1The SQF Port and the SQF Purge Port are subject to a monthly cap of $17,500, which cap is applicable to Market Makers.

2OTTO Port, CTI Port, FIX Port, FIX Drop Port and Disaster Recovery Port are subject to a monthly cap of $7,500.
   

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