Wednesday, March 25, 2015
Equity Trader Alert #2015 - 37
PHLX, BX, Nasdaq, and NOM Update Membership Pricing for April
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Pending SEC filing, effective Wednesday, April 1, 2015, the following changes will be made: PHLXThe Active SQF Port pricing will generally be reduced from the progressive scaled pricing model to a single fixed price per active SQF Port fee of $1,250 per port, capped at $42,000 per month. Active SQF ports refer to ports that receive inbound quotes at any time within that month. Permits Fees for PHLX members (per month) will increase from $2,150 per month to $2,300 per month. Order Entry Port Fees will increase from $600 per month per mnemonic to $650 per month per mnemonic. The CTI Port Fee will increase from $600 per port per month to $650 per port per month for each of the first 5 CTI ports, and $100 per port for each port thereafter. BXThe trading rights fee will increase from $500 per month to $1,000 per month for all BX members. The membership fee and the trading rights fee will no longer be waived for BX members who solely conduct an options business. The Equities Regulatory Fee will be eliminated. NasdaqThe market participant identifiers (MPID) will be increased from $500 per month to $550 per month. NOMThe port fees will increase according to the below table:
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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.