OREANDA-NEWS. Effective Friday, January 2, 2015, BX will have updated liquidity codes for the RPI program.

Updated Liquidity Codes for BX RPI Program

Shares Executed At or Above \$1.00Per Share Executed
 Liquidity Code
Rebate for Retail Order (Type 1 or Type 2) that removes RPI liquidity
\$0.0025 rebate
 r
(NEW) Rebate for Retail Order (Type 1 or Type 2) that removes midpoint liquidity better than NBBO
Remove midpoint liquidity rebate
 q
Rebate for Retail Order (Type 1 or Type 2) that removes other resting liquidity better than the NBBO
Standard remove liquidity rebate
 t
Rebates and Fees for Retail Orders (Type 2 Only) that interact with the BX book or route
Standard BX remove and route rates apply
 Standard Codes
Fee for RPI Order that provides liquidity
\$0.0025 fee
 j