OREANDA-NEWS. Subject to filing with the SEC, Wednesday, June 1, 2016, Nasdaq will implement a new displayed adding tier and adjust an existing display adding tier.

  Per Share Executed Liquidity Code
Rebate to Add Displayed Liquidity, Shares Executed at or Above $1.00
Added by Firm
Member firms who
(i) add greater than 0.60% TCV; and
(ii) adds NOM Market Maker liquidity in Penny Pilot Options and/or Non- Penny Pilot Options of 0.10% or more of total industry ADV in the customer clearing range for Equity and ETF option contracts per day in a month on NOM; and
(iii) Adds Customer, Professional, Firm, Non-NOM Market Maker and/or Broker-Dealer liquidity in Penny Pilot Options and/or Non- Penny Pilot Options of 1.50% or more of total industry ADV in the customer clearing range for Equity and ETF option contracts per day in a month on NOM		 $0.00305 A, 7, 8, a, x or y

The add display tier requiring “Greater than 0.15% added and greater than 125,000 total contracts per day (added and removed) on NOM” will be updated to:

  Per Share Executed Liquidity Code
Greater than 0.15% added and total contracts per day (added and removed) of 0.9% or more of total industry ADV in the customer clearing range for Equity and ETF option contracts per day in a month on NOM $0.0029 A, 7, 8, a, x or y

Subject to filing with the SEC, Wednesday, June 1, 2016, PSX will update its remove rates:

  Per Share Executed Liquidity Code
Fee to Remove Liquidity, Shares Executed at or Above $1.00
Firm removes 0.065% or more of Consolidated Volume
Tape A: $0.0028
Tape B: $0.0028
Tape C: $0.0029		 R or m
All other Firms $0.0030 R or m