RSS Feeds
Product LoginWednesday, March 10, 2010
Options Trader Alert #2010 - 17
NASDAQ OMX PHLX Reminds Participants of the PHLX “Make/Take Program” Pricing Structure
Markets Impacted:
- NASDAQ OMX PHLX
Contact Information:
- Transaction Services U.S. Market Sales at +1 800 846 0477
What you need to know:
- In January 2010, NASDAQ OMX PHLXSM (PHLX®) introduced a new pricing structure of fees and rebates for adding and removing liquidity (“make/take program”) in certain options.
- PHLX reminds participants that make/take pricing applies to electronic executions only.
- Floor auction trading, including facilitation and solicitation (e.g., “crosses”) executed via a floor broker, are subject to standard PHLX equity options transaction fees.
How are fees assessed for facilitation and solicitation executed via a floor broker?
Floor auction trading, including facilitation and solicitation (“crosses”) executed via a floor broker, are still subject to standard PHLX equity options transaction fees, as defined in the equity options fees portion of the PHLX Fee Schedule. Qualifying members still execute facilitation orders pursuant to PHLX Rule 1064 for free and Customer executions remain free for all types of floor trading (auction market trading).What is the make/take pricing for electronic executions?
Effective as of March 1, 2010, make/take pricing in AAPL, ALL, AMZN, C, BAC, DELL, DIA, DRYS, EK, GDX, GE, GS, IWM, MSFT, QCOM, QQQQ, RIMM, SBUX, SKF, SLV, SMH, SPY, UNG, USO, UYG, WYNN and XLF options is as follows:
| Customer | Directed Participant | Specialist, ROT, SQT and RSQT |
Firm | Broker-Dealer | |
|---|---|---|---|---|---|
| Rebate for Adding Liquidity | $0.20 | $0.25 | $0.23 | $0.00 | $0.00 |
| Fee for Adding Liquidity | $0.00 | $0.00 | $0.00 | $0.45 | $0.45 |
| Fee for Removing Liquidity | $0.25 | $0.30 | $0.32 | $0.45 | $0.45 |
Where can I find additional information?
- Refer to the PHLX Fee Schedule, specifically Section I and Section II, on the NASDAQ OMX Trader® website for complete pricing information.
- Contact Transaction Services U.S. Market Sales at +1 800 846 0477.
Email Alert Subscriptions:
Nasdaq offers customers the ability to self select news delivery across various Nasdaq markets. Create and maintain a profile for updating alert preferences and contact information. Visit the enrollment form on the Nasdaq Trader website and sign up today! Please note that if you choose to unsubscribe from an email list, you may no longer receive potentially critical emails from the NASDAQ Stock Market regarding Nasdaq's trading and data products, regulatory issues or marketplace initiatives. To unsubscribe, also click on the enrollment form
Please follow Nasdaq on 
Facebook 
RSS and
Twitter.
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.
