Send us Feedback

NASDAQ OMX Group (NDAQ)
Analysis
SUMMARY
BULLS
BEARS
TOPICS
Data
DATA CENTRAL
STOCK CHART
Financials
SEC FILINGS
BALANCE
INCOME
CASH FLOW

NDAQ » Topics » What are the pricing changes?

This excerpt taken from the NDAQ 8-K filed Apr 15, 2008.

What are the pricing changes?

Effective May 1, 2008, pending filing with the Securities and Exchange Commission (SEC), NASDAQ® plans to introduce pricing changes for all U.S. equities. The new unified pricing for Tape A, Tape B and Tape C securities will be as follows:

 

Rebate to Add Liquidity (based on average daily shares per month)

    (Per Share
Executed)

Greater than 35 million shares added

    $ 0.0028

Greater than 20 million shares added

    $ 0.0025

All others

    $ 0.0020

The rebate for non-display orders will be $0.0015 for adding greater than 35 million shares and $0.0010 for adding 35 millions shares or less.

NASDAQ plans to discontinue the liquidity provider credit program for select Tape B securities. The rebates above will apply for all securities traded on Tape B. The Data Revenue Share Plan will be at 50% for all Tape B securities.

 

  •  

Activity on days when the market closes early does not count toward volume tiers.

 

  •  

Shares that do not attempt to execute against the NASDAQ book will not count towards volume tiers.

 

  •  

There will be no rebate for any shares that execute below $1.00.

 

Fees to Remove Liquidity (based on average daily shares of liquidity per month)

    Fee (Per Share
Executed)

Greater than 55 million shares per day removed

    $ 0.00295

Fees to Remove or Route Liquidity (based on average daily shares of liquidity per month)

Greater than 35 million shares added and greater than 55 million shares removed or routed

    $ 0.0029

All others

    $ 0.0030

 

  •  

Routing fees for orders that do not check the NASDAQ book and/or Odd Lots remain unchanged.

 

  •  

Orders executed with a share price below $1.00 will be charged 0.1% (i.e., 10 basis points) of the total dollar volume of the transaction.

 

  •  

Orders executed outside of the NASDAQ facility with a share price below $1.00 will be charged 0.3% (i.e., 30 basis points) of total dollar volume of the transaction.

 

  •  

Activity on days when the market closes early does not count toward volume tiers.

 

  •  

Shares that do not attempt to execute against the NASDAQ book will not count towards volume tiers.

  •  

Billable shares (shares that are charged a fee by the specialist) executed on the Amex are charged a $0.01 surcharge.

Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki