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Monday, November 30, 2015

Equity Trader Alert #2015 - 189
PSX and Nasdaq Pricing Updates Effective December, 2015

Category:

  • Pricing

Markets Impacted:

Contact Information:

Resources:

On Tuesday, December 1, 2015, the following pricing updates will be effective for transactions on PSX.


Rebate to Add Displayed Liquidity
 Per Share
Executed		 Liquidity
Code
Firm adds and removes 0.35% or greater of Consolidated Volume $0.0031 A or V
Firm adds and removes 0.25% or greater of Consolidated Volume $0.0029 A or V
Firm adds and removes 0.05% or greater of Consolidated Volume $0.0025 A or V
All others
 $0.0023 A or V
Fee to Remove Liquidity
 Per Share
Executed		 Liquidity
Code
Tape A
 $0.0028 R or m
Tape B
 $0.0028 R or m
Tape C
 $0.0029 R or m

 
On Tuesday, December 1, 2015, the following pricing updates will effective for transactions on Nasdaq.

The rebate for the following tier will increase from $0.0029 to $0.00295. For all U.S. equities, the tier will now read:

Rebate to Add Displayed Liquidity, Shares Executed at or Above $1.00
(based on consolidated U.S. average daily share volume)
Added by Firm
 Per Share
Executed		 Liquidity
Code
Add Customer, Professional, Firm, Non-NOM Market Maker and/or Broker-Dealer liquidity in Penny Pilot Options and/or Non- Penny Pilot Options of 1.15% or more of total industry ADV in the customer clearing range for Equity and ETF option contracts per day in a month on NOM.
 $0.00295
 A or 7
or 8

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