Welcome to NASDAQtrader.com for Options and Futures
Search:
   

Friday, February 24, 2017

Options Trader Alert #2017 - 16
ISE Gemini Transaction Pricing for INET Migration - Effective February 27, 2017

Category:

  • Systems Impact

Markets Impacted:

Contact Information:

Resources:

ISE Gemini

Effective Monday, February 27, 2017, pending filing with the SEC, the following changes will apply to the ISE Gemini Fee Schedule:

  • In connection with the migration of ISE Gemini to the Nasdaq INET technology (see OTA 2017-13) there will be no fees or rebates for trades in options overlying Calpine Corporation (“CPN”) executed on February 27 and 28, 2017, nor will volume executed in options overlying CPN on February 27 and 28, 2017 be counted towards a member’s Qualifying Tier Threshold. Beginning March 1, 2017, options overlying CPN will be fee liable and rebate eligible per the ISE Gemini Fee Schedule.
  • For the entire month of March 2017 only, all Qualifying Tier Threshold ADV calculations will be based on the better of:
    • The member’s full month ADV for the period of March 1, 2017 through March 31, 2017 or
    • The member’s ADV for the period of March 1, 2017 through March 24, 2017.

    For example: if a member’s monthly Total Affiliated Member ADV as of March 24th was 300,000 contracts, the member would qualify for Qualifying Tier Threshold Tier 3 for their full month of activity on ISE Gemini.

    If the member’s Total Affiliated Member ADV were to increase to more than 350,000 contracts for the full month of March, the member would qualify for Tier 4. This member would not fall under Tier 3 for the month of March based on their March 1 – March 24 activity on ISE Gemini.

  • All ports used to connect to the INET platform on ISE Gemini will be free during the migration period, starting on February 27, 2017 and concluding on March 31, 2017. These include:
    • SQF Port Fee
    • SQF Purge Port Fee
    • OTTO Port Fee
    • CTI Port Fee
    • FIX Port Fee
    • FIX Drop Port Fee
    • Disaster Recovery Port Fee
    • ITTO Port Fee

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.

View NASDAQTrader.com Mobile