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Thursday, May 28, 2015

Equity Trader Alert #2015 - 78
Updates to PSX Pricing for June 2015

Category:

  • Pricing

Markets Impacted:

Contact Information:

Resources:

Effective Monday, June 1, 2015, PSX will update its fee schedule as follows for Shares Executed at or Above $1.00.

The fee to remove liquidity for Tape A and B securities will decrease from $0.0029 per share to $0.0027 per share. The fee to remove liquidity for Tape C securities will decrease from $0.0029 per share to $0.0028 per share.

Fee to Remove Liquidity
Per Share Executed
Liquidity Code
All liquidity accessing orders
Tape A & B: $0.0027
Tape C: $0.0028
R or m

Displayed orders that add liquidity will now receive the following rates:

Rebates to Add Displayed Liquidity 
Per Share Executed
Liquidity Code
Firm adds and removes 0.35% or greater of Consolidated Volume
$0.0028
A or V
Firm adds and removes 0.25% or greater of Consolidated Volume
$0.0027
A or V
Firm adds and removes 0.05% or greater of Consolidated Volume
$0.0025
A or V
Firm adds and removes 100,000 or more shares daily
$0.0023
A or V
All other firms
$0.0020
A or V






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