Nasdaq ISE proposes extra rebates for high-volume FLEX complex orders
AI-generated summary for informational purposes only. Not legal advice. See the original source for the authoritative text.
Nasdaq ISE would add extra rebates for members that trade more than 10,000 FLEX order contracts per day on average in a given month. These rebates would sit on top of existing Priority Customer complex order rebates under the exchange’s options fee schedule. The practical effect is narrow: it changes the economics for options market participants using Nasdaq ISE, especially firms with high FLEX order volume. Affected members should review whether their monthly trading volume qualifies and how the new rebate could change execution costs.
AI-generated summary. May contain errors. Refer to official sources for legal decisions.
Key Changes
- Adds extra rebates for Nasdaq ISE members with more than 10,000 average daily FLEX order contracts in a month
- Applies the new rebates in addition to existing Priority Customer complex order rebates
- Amends the Options 7, Section 4 pricing schedule for complex order fees and rebates